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  • July 3, 2008 at 5:29 PM #13187
    highpacific
    Participant

    Will mortgage interest rates go above 7% by the end of 2008? Seriously.

    The Federal Reserve is having to deal with real inflationary pressures for the first time in many years. Many economists and some of the Fed board members themselves are hinting that fed controlled interest rates must be raised at some point to start fighting inflation.

    Considering the nice chart The Professor just provided. Is there anything left that could stem the current rise in mortgage rates we are now experiencing?

    July 3, 2008 at 6:19 PM #232762
    mixxalot
    Participant

    My guess is that inflation is far worse than the FED is telling people.

    I am predicting 13% interest rates by end of 2009 or sooner to combat inflation. A guess but could happen the whole economic scene reminds me a lot of the 1970’s with rampant inflation and high interest rates with high oil prices but this time far worse.

    July 3, 2008 at 6:19 PM #232887
    mixxalot
    Participant

    My guess is that inflation is far worse than the FED is telling people.

    I am predicting 13% interest rates by end of 2009 or sooner to combat inflation. A guess but could happen the whole economic scene reminds me a lot of the 1970’s with rampant inflation and high interest rates with high oil prices but this time far worse.

    July 3, 2008 at 6:19 PM #232898
    mixxalot
    Participant

    My guess is that inflation is far worse than the FED is telling people.

    I am predicting 13% interest rates by end of 2009 or sooner to combat inflation. A guess but could happen the whole economic scene reminds me a lot of the 1970’s with rampant inflation and high interest rates with high oil prices but this time far worse.

    July 3, 2008 at 6:19 PM #232940
    mixxalot
    Participant

    My guess is that inflation is far worse than the FED is telling people.

    I am predicting 13% interest rates by end of 2009 or sooner to combat inflation. A guess but could happen the whole economic scene reminds me a lot of the 1970’s with rampant inflation and high interest rates with high oil prices but this time far worse.

    July 3, 2008 at 6:19 PM #232950
    mixxalot
    Participant

    My guess is that inflation is far worse than the FED is telling people.

    I am predicting 13% interest rates by end of 2009 or sooner to combat inflation. A guess but could happen the whole economic scene reminds me a lot of the 1970’s with rampant inflation and high interest rates with high oil prices but this time far worse.

    July 4, 2008 at 9:44 AM #232980
    jpinpb
    Participant

    Although I’m self-employed and was subject to higher rates, I remember in 1990 paying 9 3/4, of course was able to refinance later at a lower rate.

    I can easily see 7% coming at a home near you.

    July 4, 2008 at 9:44 AM #233165
    jpinpb
    Participant

    Although I’m self-employed and was subject to higher rates, I remember in 1990 paying 9 3/4, of course was able to refinance later at a lower rate.

    I can easily see 7% coming at a home near you.

    July 4, 2008 at 9:44 AM #233154
    jpinpb
    Participant

    Although I’m self-employed and was subject to higher rates, I remember in 1990 paying 9 3/4, of course was able to refinance later at a lower rate.

    I can easily see 7% coming at a home near you.

    July 4, 2008 at 9:44 AM #233105
    jpinpb
    Participant

    Although I’m self-employed and was subject to higher rates, I remember in 1990 paying 9 3/4, of course was able to refinance later at a lower rate.

    I can easily see 7% coming at a home near you.

    July 4, 2008 at 9:44 AM #233115
    jpinpb
    Participant

    Although I’m self-employed and was subject to higher rates, I remember in 1990 paying 9 3/4, of course was able to refinance later at a lower rate.

    I can easily see 7% coming at a home near you.

    July 4, 2008 at 10:00 AM #233175
    TheBreeze
    Participant

    High rates would be great for most of us Piggs as it will further depress the price of housing. Many of us have been saving for a down payment for years, so we can put down a lot which will make the effective price of the house we end up buying much lower.

    I say bring on the high gas prices and the high interest rates. It will reward those of us who have saved and lived prudently.

    July 4, 2008 at 10:00 AM #233134
    TheBreeze
    Participant

    High rates would be great for most of us Piggs as it will further depress the price of housing. Many of us have been saving for a down payment for years, so we can put down a lot which will make the effective price of the house we end up buying much lower.

    I say bring on the high gas prices and the high interest rates. It will reward those of us who have saved and lived prudently.

    July 4, 2008 at 10:00 AM #233125
    TheBreeze
    Participant

    High rates would be great for most of us Piggs as it will further depress the price of housing. Many of us have been saving for a down payment for years, so we can put down a lot which will make the effective price of the house we end up buying much lower.

    I say bring on the high gas prices and the high interest rates. It will reward those of us who have saved and lived prudently.

    July 4, 2008 at 10:00 AM #233184
    TheBreeze
    Participant

    High rates would be great for most of us Piggs as it will further depress the price of housing. Many of us have been saving for a down payment for years, so we can put down a lot which will make the effective price of the house we end up buying much lower.

    I say bring on the high gas prices and the high interest rates. It will reward those of us who have saved and lived prudently.

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