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SD Realtor.
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August 20, 2010 at 11:53 AM #595049August 20, 2010 at 1:32 PM #594027
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Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
August 20, 2010 at 1:32 PM #594120Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
August 20, 2010 at 1:32 PM #594657Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
August 20, 2010 at 1:32 PM #594768Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
August 20, 2010 at 1:32 PM #595079Participant[quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.
August 20, 2010 at 3:40 PM #594106Reality
Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
August 20, 2010 at 3:40 PM #594200Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
August 20, 2010 at 3:40 PM #594737Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
August 20, 2010 at 3:40 PM #594848Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
August 20, 2010 at 3:40 PM #595159Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
August 20, 2010 at 4:12 PM #594126enron_by_the_sea
ParticipantI wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?
August 20, 2010 at 4:12 PM #594220ParticipantI wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?
August 20, 2010 at 4:12 PM #594757ParticipantI wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?
August 20, 2010 at 4:12 PM #594868ParticipantI wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?
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