Scripps Ranch…What say you…

[sdrealtor]

Scarlett
9% fixed rates would have an impact I just dont beleive we will see them anytime soon. The other factor is when 30 year rates rise above a certain level (roughly 8%) buyer switch to adjustable products for purchases and skip the 30 yr fixed rates which mitigates some of the impact of higher rates.

[all]

[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.

[all]

[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.

[all]

[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.

[all]

[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.

[all]

[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.

[Reality]

[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.

[Reality]

[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.

[Reality]

[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.

[Reality]

[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.

[Reality]

[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.

[enron_by_the_sea]

I wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?

[enron_by_the_sea]

I wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?

[enron_by_the_sea]

I wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?

[enron_by_the_sea]

I wonder if the typical 4.25% mtgs offered now are assumable. Does anyone know?

[Author]

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