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Started By
Message
re: Will 30 year mortgage rates ever see 4.5% again?
Posted on 7/24/24 at 8:02 am to BottomlandBrew
Posted on 7/24/24 at 8:02 am to BottomlandBrew
Interest rates were approx 13% in 85'. If we get back to 5.5% with current house values, it would be roughly equivalent.
That said, 2017 would have been much more affordable than now or 85'.
That said, 2017 would have been much more affordable than now or 85'.
1
Posted on 7/24/24 at 8:27 am to Milesahead
Side question -- is there ANYONE out there indicating that they want to stop or at least slow down the purchase of single family homes by large corps and investment funds?
Posted on 7/24/24 at 1:32 pm to jmcwhrter
quote:
the purchase of single family homes by large corps and investment funds?
I don't think this is happening near as much as many people think.
Posted on 7/24/24 at 1:44 pm to notiger1997
quote:
don't think this is happening near as much as many people think.
I feel like I am seeing a bunch more multifamily homes of the Hispanic population.
If two or three families come together to buy one home. It keeps prices high
Posted on 7/24/24 at 10:11 pm to notiger1997
quote:
don't think this is happening near as much as many people think.
Ot doesnt. Investment Funds are like 20% of purchases right now
FTHB is like 30%
Posted on 7/25/24 at 11:07 am to shoelessjoe
I understand the Fed dropped the rate to zero as a response to drastic economic conditions, but is there a chance someone foresaw the outcome also becoming skyrocketing home prices, thus ensuring a massive uptick in interest revenue from mortgages on future home purchases?
We all gained very little (home equity seems to be zero sum), but the bank’s cut went up tenfold.
We all gained very little (home equity seems to be zero sum), but the bank’s cut went up tenfold.
Posted on 7/25/24 at 11:16 pm to shoelessjoe
yes
Posted on 7/26/24 at 7:43 am to shoelessjoe
I think so. It’ll be a minute, but I think the 5’s are the sweet spot for mortgage rates, so you’ll see periods where we see dips slightly lower & higher.
2% money is done IMO, but you never really know
2% money is done IMO, but you never really know
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