“JWM I THOROUGHLY agree with your argument that in the future rates will have to go up. I simply do not see how they cannot. However I am not so sure they will happen in the timeframe you are speaking of or at the pace you are hoping for… Personally I would love to see it happen as well because for me as a potential buyer with alot of cash saved up, it would serve to increase my purchasing power, somewhat. However I have given up trying to make statements such as this or that HAS to happen.”

Actually, I’m not really hoping for anything. That timeframe is an amalgamation of predictions that I’ve gathered from various posts at sites like Calculated Risk (not CR personally), Mish Shedlock, The Mess that Greenspan Made, Market Ticker (I don’t agree with KD on all, but some posters there are very astute), and The Big Picture. Personally, I don’t care. My timeframe for letting this whole mess sort itself out is well into 2012. I’ve pushed the idea of buying a house completely out of my mind and emotions. It just is not a consideration until I see certain macro level changes take place on both a national and state level.