[quote=Doooh]Your examples were based on years of change. The reality of the current example we’re in was based on 1 month. Let me repeat it again… 1 month and the 30 year saw a 1% increase!
The examples you presented are irrelevant to the reality we’re sitting in this month.[/quote]
There were several times in 2009 that rates went up by about .5% w/in 1 month, yet, we didn’t see a drop of 5% in home price. On the contrary, it was a steady rise throughout 2009. In 2008, there were a couple of periods where rates went down by about .5% w/in 1 month, yet, we didn’t see an increase of 5% in home price. Are you saying 1% is somehow the threshold?
