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(former)FormerSanDiegan.
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May 27, 2009 at 2:40 PM #15768May 27, 2009 at 10:46 PM #406495
DWCAP
ParticipantNah, the rally will run till this fall unless rates significantly break 6%+ and sustain it. I think itll just mean the rally will cool faster and more this fall than it would have if rates had stayed crazy. But the watercooler talk will circulate for another two or three months or so.
May 27, 2009 at 10:46 PM #406738ParticipantNah, the rally will run till this fall unless rates significantly break 6%+ and sustain it. I think itll just mean the rally will cool faster and more this fall than it would have if rates had stayed crazy. But the watercooler talk will circulate for another two or three months or so.
May 27, 2009 at 10:46 PM #406982ParticipantNah, the rally will run till this fall unless rates significantly break 6%+ and sustain it. I think itll just mean the rally will cool faster and more this fall than it would have if rates had stayed crazy. But the watercooler talk will circulate for another two or three months or so.
May 27, 2009 at 10:46 PM #407045ParticipantNah, the rally will run till this fall unless rates significantly break 6%+ and sustain it. I think itll just mean the rally will cool faster and more this fall than it would have if rates had stayed crazy. But the watercooler talk will circulate for another two or three months or so.
May 27, 2009 at 10:46 PM #407191ParticipantNah, the rally will run till this fall unless rates significantly break 6%+ and sustain it. I think itll just mean the rally will cool faster and more this fall than it would have if rates had stayed crazy. But the watercooler talk will circulate for another two or three months or so.
May 28, 2009 at 7:59 AM #406575(former)FormerSanDiegan
ParticipantSometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)
May 28, 2009 at 7:59 AM #406818ParticipantSometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)
May 28, 2009 at 7:59 AM #407062ParticipantSometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)
May 28, 2009 at 7:59 AM #407124ParticipantSometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)
May 28, 2009 at 7:59 AM #407271ParticipantSometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)
May 28, 2009 at 9:41 AM #406600ParticipantI dont know FSD, I think it would be pretty hard to get a larger bump then was created by the 4.5% rates. IMO any crazyness to close will be ofset by the people who dropout cause they cant get unbelieveably good rates. Inventory sucks and prices are still falling; why buy a house you dont really like for an ok price just so you can get an ok interest rate? But maybe that is what you ment, increasing rate pressures will be met with increased desire to close NOW.
SD_R, I think youll be right if they hit 6% or so. Alot of people will step aside, theyll wait for the next waste of taxpayer money, or increased inflation, to buy down their morgages.
But what are you seeing? Do any of your clients seem to care?
May 28, 2009 at 9:41 AM #406843ParticipantI dont know FSD, I think it would be pretty hard to get a larger bump then was created by the 4.5% rates. IMO any crazyness to close will be ofset by the people who dropout cause they cant get unbelieveably good rates. Inventory sucks and prices are still falling; why buy a house you dont really like for an ok price just so you can get an ok interest rate? But maybe that is what you ment, increasing rate pressures will be met with increased desire to close NOW.
SD_R, I think youll be right if they hit 6% or so. Alot of people will step aside, theyll wait for the next waste of taxpayer money, or increased inflation, to buy down their morgages.
But what are you seeing? Do any of your clients seem to care?
May 28, 2009 at 9:41 AM #407087ParticipantI dont know FSD, I think it would be pretty hard to get a larger bump then was created by the 4.5% rates. IMO any crazyness to close will be ofset by the people who dropout cause they cant get unbelieveably good rates. Inventory sucks and prices are still falling; why buy a house you dont really like for an ok price just so you can get an ok interest rate? But maybe that is what you ment, increasing rate pressures will be met with increased desire to close NOW.
SD_R, I think youll be right if they hit 6% or so. Alot of people will step aside, theyll wait for the next waste of taxpayer money, or increased inflation, to buy down their morgages.
But what are you seeing? Do any of your clients seem to care?
May 28, 2009 at 9:41 AM #407149ParticipantI dont know FSD, I think it would be pretty hard to get a larger bump then was created by the 4.5% rates. IMO any crazyness to close will be ofset by the people who dropout cause they cant get unbelieveably good rates. Inventory sucks and prices are still falling; why buy a house you dont really like for an ok price just so you can get an ok interest rate? But maybe that is what you ment, increasing rate pressures will be met with increased desire to close NOW.
SD_R, I think youll be right if they hit 6% or so. Alot of people will step aside, theyll wait for the next waste of taxpayer money, or increased inflation, to buy down their morgages.
But what are you seeing? Do any of your clients seem to care?
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