rates moving up fast

[SD Realtor]

We may get some traction on the bear side. Rates are moving up quick. Prices tend to not react in lock step though but that indeed may knock some of the wind out of this rally. Of course if you are a buyer this hurts unless you are in cash.

[DWCAP]

Nah, 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.

[DWCAP]

Nah, 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.

[DWCAP]

Nah, 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.

[DWCAP]

Nah, 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.

[DWCAP]

Nah, 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.

[(former)FormerSanDiegan]

Sometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)

[(former)FormerSanDiegan]

Sometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)

[(former)FormerSanDiegan]

Sometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)

[(former)FormerSanDiegan]

Sometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)

[(former)FormerSanDiegan]

Sometimes a smallish, e.g. 1/2 point, increase in rates can create a sense of urgency to buy now versus later (short-term phenomenon)

[DWCAP]

I 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?

[DWCAP]

I 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?

[DWCAP]

I 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?

[DWCAP]

I 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?

[Author]

Posts