Scripps Ranch…What say you…

[Reality]

[quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]

This is why I cringe whenever anyone says it’s a great time to buy because of low interest rates.

It’s a great time to refinance is what it is.

[sdrealtor]

None of us ever said “its a great time to buy” because of interest rates or otherwise. What we said is that it makes sense to buy for alot of folks and that interest rates are part of that equation.

And yes it is a great time to refinance:)

[sdrealtor]

None of us ever said “its a great time to buy” because of interest rates or otherwise. What we said is that it makes sense to buy for alot of folks and that interest rates are part of that equation.

And yes it is a great time to refinance:)

[sdrealtor]

None of us ever said “its a great time to buy” because of interest rates or otherwise. What we said is that it makes sense to buy for alot of folks and that interest rates are part of that equation.

And yes it is a great time to refinance:)

[sdrealtor]

None of us ever said “its a great time to buy” because of interest rates or otherwise. What we said is that it makes sense to buy for alot of folks and that interest rates are part of that equation.

And yes it is a great time to refinance:)

[sdrealtor]

None of us ever said “its a great time to buy” because of interest rates or otherwise. What we said is that it makes sense to buy for alot of folks and that interest rates are part of that equation.

And yes it is a great time to refinance:)

[sdrealtor]

[quote=briansd1][quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]

That’s what I’m waiting for. Still wondering when that will happen.[/quote]

Interest rates werent 9% in 1997 when I bought my 1st home here and when they are higher folks will just opt for adjustable rates in the short term and refi when they drop. Expecting and waiting for 9% interest rates is a folly IMO and will leave you waiting to buy well past the prime years of your life. Rules of thumb like that are dangerous to get stuck on. Watch, run numbersd and take the plunge when it makes sense for you rather than waiting for some mythical number.

[sdrealtor]

[quote=briansd1][quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]

That’s what I’m waiting for. Still wondering when that will happen.[/quote]

Interest rates werent 9% in 1997 when I bought my 1st home here and when they are higher folks will just opt for adjustable rates in the short term and refi when they drop. Expecting and waiting for 9% interest rates is a folly IMO and will leave you waiting to buy well past the prime years of your life. Rules of thumb like that are dangerous to get stuck on. Watch, run numbersd and take the plunge when it makes sense for you rather than waiting for some mythical number.

[sdrealtor]

[quote=briansd1][quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]

That’s what I’m waiting for. Still wondering when that will happen.[/quote]

Interest rates werent 9% in 1997 when I bought my 1st home here and when they are higher folks will just opt for adjustable rates in the short term and refi when they drop. Expecting and waiting for 9% interest rates is a folly IMO and will leave you waiting to buy well past the prime years of your life. Rules of thumb like that are dangerous to get stuck on. Watch, run numbersd and take the plunge when it makes sense for you rather than waiting for some mythical number.

[sdrealtor]

[quote=briansd1][quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]

That’s what I’m waiting for. Still wondering when that will happen.[/quote]

Interest rates werent 9% in 1997 when I bought my 1st home here and when they are higher folks will just opt for adjustable rates in the short term and refi when they drop. Expecting and waiting for 9% interest rates is a folly IMO and will leave you waiting to buy well past the prime years of your life. Rules of thumb like that are dangerous to get stuck on. Watch, run numbersd and take the plunge when it makes sense for you rather than waiting for some mythical number.

[sdrealtor]

[quote=briansd1][quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]

That’s what I’m waiting for. Still wondering when that will happen.[/quote]

Interest rates werent 9% in 1997 when I bought my 1st home here and when they are higher folks will just opt for adjustable rates in the short term and refi when they drop. Expecting and waiting for 9% interest rates is a folly IMO and will leave you waiting to buy well past the prime years of your life. Rules of thumb like that are dangerous to get stuck on. Watch, run numbersd and take the plunge when it makes sense for you rather than waiting for some mythical number.

[SD Realtor]

Agreed with all said, the only thing that bums me out about the bond market part is that it may be 1 yr, 5 yrs, 10 yrs… who knows…so tailoring your decision to be bond market based may not be a good idea. What good is a great school district if your kids are closer to college then kindergarden after the wait? Consideration of alternate housing markets in other states makes more sense to me then trying to time the bond market if the decision is strictly based on dollars and sense. Even if you rationalize it and say I will not buy but I will rent, and your rent is double or triple the cost of a mortgage in another state with strong school districts… then which is the better decision?

[SD Realtor]

Agreed with all said, the only thing that bums me out about the bond market part is that it may be 1 yr, 5 yrs, 10 yrs… who knows…so tailoring your decision to be bond market based may not be a good idea. What good is a great school district if your kids are closer to college then kindergarden after the wait? Consideration of alternate housing markets in other states makes more sense to me then trying to time the bond market if the decision is strictly based on dollars and sense. Even if you rationalize it and say I will not buy but I will rent, and your rent is double or triple the cost of a mortgage in another state with strong school districts… then which is the better decision?

[SD Realtor]

Agreed with all said, the only thing that bums me out about the bond market part is that it may be 1 yr, 5 yrs, 10 yrs… who knows…so tailoring your decision to be bond market based may not be a good idea. What good is a great school district if your kids are closer to college then kindergarden after the wait? Consideration of alternate housing markets in other states makes more sense to me then trying to time the bond market if the decision is strictly based on dollars and sense. Even if you rationalize it and say I will not buy but I will rent, and your rent is double or triple the cost of a mortgage in another state with strong school districts… then which is the better decision?

[SD Realtor]

Agreed with all said, the only thing that bums me out about the bond market part is that it may be 1 yr, 5 yrs, 10 yrs… who knows…so tailoring your decision to be bond market based may not be a good idea. What good is a great school district if your kids are closer to college then kindergarden after the wait? Consideration of alternate housing markets in other states makes more sense to me then trying to time the bond market if the decision is strictly based on dollars and sense. Even if you rationalize it and say I will not buy but I will rent, and your rent is double or triple the cost of a mortgage in another state with strong school districts… then which is the better decision?

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