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  • October 17, 2008 at 9:11 AM #288926
    peterb
    Participant

    Rates need to rise just to reflect risk…lots of defaults lately. Money is actually very cheap right now if you’re a bank. And will probably stay cheap for the banks for quite a while. But the banks just dont trust people anymore, or eachother either.
    With homes prices falling, the risk is even greater for the banks. So rates may rise for quite a while on risk alone. Deflation is just starting to crank up. Look for home prices to continue their march down hill.
    Oh, forgot to mention unemployment in CA at 7.7% and rising. Also means death to CA RE prices. Looks like a perfect storm brewing. And if you want to really see what’s going to devistate home prices in 2009, check out Mr Mortgage’s website and see his analisys of the next wave of foreclosures coming.

    Jim Rogers is proabably correct in the long run, but right now the US$ is gaining and commodities are falling. How long this continues, who knows. But I bet this has another year left in it.

    October 17, 2008 at 11:21 AM #288731
    (former)FormerSanDiegan
    Participant

    When interest rates were in double digits what were typical annual rent increases ?

    October 17, 2008 at 11:21 AM #289037
    (former)FormerSanDiegan
    Participant

    When interest rates were in double digits what were typical annual rent increases ?

    October 17, 2008 at 11:21 AM #289049
    (former)FormerSanDiegan
    Participant

    When interest rates were in double digits what were typical annual rent increases ?

    October 17, 2008 at 11:21 AM #289077
    (former)FormerSanDiegan
    Participant

    When interest rates were in double digits what were typical annual rent increases ?

    October 17, 2008 at 11:21 AM #289080
    (former)FormerSanDiegan
    Participant

    When interest rates were in double digits what were typical annual rent increases ?

    October 17, 2008 at 5:50 PM #289075
    jficquette
    Participant

    From 1981 to 1986 I worked for a large builder. Seems like the FHA/VA rate got to 17.5% and conventional mortgage money got up to about 22%.

    I forget what the prime rates or fed funds were back then.

    John

    October 17, 2008 at 5:50 PM #289384
    jficquette
    Participant

    From 1981 to 1986 I worked for a large builder. Seems like the FHA/VA rate got to 17.5% and conventional mortgage money got up to about 22%.

    I forget what the prime rates or fed funds were back then.

    John

    October 17, 2008 at 5:50 PM #289393
    jficquette
    Participant

    From 1981 to 1986 I worked for a large builder. Seems like the FHA/VA rate got to 17.5% and conventional mortgage money got up to about 22%.

    I forget what the prime rates or fed funds were back then.

    John

    October 17, 2008 at 5:50 PM #289422
    jficquette
    Participant

    From 1981 to 1986 I worked for a large builder. Seems like the FHA/VA rate got to 17.5% and conventional mortgage money got up to about 22%.

    I forget what the prime rates or fed funds were back then.

    John

    October 17, 2008 at 5:50 PM #289425
    jficquette
    Participant

    From 1981 to 1986 I worked for a large builder. Seems like the FHA/VA rate got to 17.5% and conventional mortgage money got up to about 22%.

    I forget what the prime rates or fed funds were back then.

    John

    October 17, 2008 at 5:50 PM #289081
    peterb
    Participant

    take a quick read at this ,Breeze. It seems like a pretty good forecast for Mortgage rates to rise:

    http://www.howestreet.com/articles/index.php?article_id=7751

    October 17, 2008 at 5:50 PM #289389
    peterb
    Participant

    take a quick read at this ,Breeze. It seems like a pretty good forecast for Mortgage rates to rise:

    http://www.howestreet.com/articles/index.php?article_id=7751

    October 17, 2008 at 5:50 PM #289398
    peterb
    Participant

    take a quick read at this ,Breeze. It seems like a pretty good forecast for Mortgage rates to rise:

    http://www.howestreet.com/articles/index.php?article_id=7751

    October 17, 2008 at 5:50 PM #289427
    peterb
    Participant

    take a quick read at this ,Breeze. It seems like a pretty good forecast for Mortgage rates to rise:

    http://www.howestreet.com/articles/index.php?article_id=7751

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