[quote=sdrealtor]7% wont do a thing IMO. The loan amounts I am seeing in MM are 200K to 250K. We are talking about an extra couple hundred bucks a month for dual income frugal households that have incomes of 80K to 200k.
Get real pal[/quote]
Uh, ok, glad you have an opnion.
My point was that increasing interest rates will hit demand, along with everything else mentioned in the previous post. I was giving reasons why foreclosures don’t explain the whole market. Not that demand will stop when interest rates rise.
