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donaldduckmoore
ParticipantI agree, SD Realtor, although I hope the interest rate will go higher so that the house price will go lower, I hope the spike in bond rate is transient. Too much change in such a short time will have a lot of negative effects on the whole economy. I don’t expect bond rate increase is the culprit to steer our economy to a recession.
donaldduckmoore
ParticipantI agree, SD Realtor, although I hope the interest rate will go higher so that the house price will go lower, I hope the spike in bond rate is transient. Too much change in such a short time will have a lot of negative effects on the whole economy. I don’t expect bond rate increase is the culprit to steer our economy to a recession.
donaldduckmoore
ParticipantBy the way, how does a bond rate or yield increase affect savings rate?
donaldduckmoore
ParticipantBy the way, how does a bond rate or yield increase affect savings rate?
donaldduckmoore
ParticipantMost of the information is available from your agent, ie MLS. You may also go to some websites, such as foreclosure.com etc but I find that the information they give out is not very up-to-date.
donaldduckmoore
ParticipantMost of the information is available from your agent, ie MLS. You may also go to some websites, such as foreclosure.com etc but I find that the information they give out is not very up-to-date.
donaldduckmoore
ParticipantPC, it also depends on how high the interest rate can go. If it goes to the level when Ronald Reagan was the president, ie 14% or something, house buyers with downpayment and excellent credits cannot afford the payment also. You don’t want things to go to the extreme.
donaldduckmoore
ParticipantPC, it also depends on how high the interest rate can go. If it goes to the level when Ronald Reagan was the president, ie 14% or something, house buyers with downpayment and excellent credits cannot afford the payment also. You don’t want things to go to the extreme.
donaldduckmoore
ParticipantSo what causes the yield rate or rate higher? This increase in rate will definitely have a extremely negative effect on housing market. Have we seen any? Anyone?
donaldduckmoore
ParticipantSo what causes the yield rate or rate higher? This increase in rate will definitely have a extremely negative effect on housing market. Have we seen any? Anyone?
June 8, 2007 at 10:05 AM in reply to: Foreclosures affecting the market — coming soon to a town near you #57899donaldduckmoore
ParticipantThe big problem with the current house price still being elevated is because there are still lots of buyers. Unlike the housing bubble in the early 90s, there were not too many buyers. I am also waiting to buy but I guess the bubble will deflate very slowly this time because of all the subjective circumstances.
June 8, 2007 at 10:05 AM in reply to: Foreclosures affecting the market — coming soon to a town near you #57924donaldduckmoore
ParticipantThe big problem with the current house price still being elevated is because there are still lots of buyers. Unlike the housing bubble in the early 90s, there were not too many buyers. I am also waiting to buy but I guess the bubble will deflate very slowly this time because of all the subjective circumstances.
June 8, 2007 at 10:00 AM in reply to: Foreclosures affecting the market — coming soon to a town near you #57895donaldduckmoore
ParticipantLittlelady, what area is that?
June 8, 2007 at 10:00 AM in reply to: Foreclosures affecting the market — coming soon to a town near you #57920donaldduckmoore
ParticipantLittlelady, what area is that?
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