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Interesting blog post from Mish:

http://globaleconomicanalysis.blogspot.com/2009/05/mortgage-market-locks-up.html

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Interesting blog post from Mish:

http://globaleconomicanalysis.blogspot.com/2009/05/mortgage-market-locks-up.html

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Interesting blog post from Mish:

http://globaleconomicanalysis.blogspot.com/2009/05/mortgage-market-locks-up.html

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Interesting blog post from Mish:

http://globaleconomicanalysis.blogspot.com/2009/05/mortgage-market-locks-up.html

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Interesting blog post from Mish:

http://globaleconomicanalysis.blogspot.com/2009/05/mortgage-market-locks-up.html

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Especially in the context of all the black helicopter talk, maybe the right question to ask is not why there are so few foreclosures, but why is it that some foreclosures are coming on the market and who exactly is responsible for listing those foreclosures? Is there a pattern?

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Especially in the context of all the black helicopter talk, maybe the right question to ask is not why there are so few foreclosures, but why is it that some foreclosures are coming on the market and who exactly is responsible for listing those foreclosures? Is there a pattern?

[fishsticks]

Especially in the context of all the black helicopter talk, maybe the right question to ask is not why there are so few foreclosures, but why is it that some foreclosures are coming on the market and who exactly is responsible for listing those foreclosures? Is there a pattern?

[fishsticks]

Especially in the context of all the black helicopter talk, maybe the right question to ask is not why there are so few foreclosures, but why is it that some foreclosures are coming on the market and who exactly is responsible for listing those foreclosures? Is there a pattern?

[fishsticks]

Especially in the context of all the black helicopter talk, maybe the right question to ask is not why there are so few foreclosures, but why is it that some foreclosures are coming on the market and who exactly is responsible for listing those foreclosures? Is there a pattern?

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[quote=EconProf]This is a huge move in one day for long-term interest rates.
In essence, long-term rates reflect anticipated inflation by the investment community. This will be a big blow to home-seekers, as mortgage rates will react. Recently, the only good news home-buyers have going for them are the historically low mortgage rates. That now looks about to change.[/quote]

Yup – it’s huge. One would expect, though, that higher interest rates would translate into lower prices. At least I hope that is the case — the market is so gamed that basic classical economics doesn’t make much sense. Any predictions how the SD housing market would respond to, say, 8% interest rates?

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[quote=EconProf]This is a huge move in one day for long-term interest rates.
In essence, long-term rates reflect anticipated inflation by the investment community. This will be a big blow to home-seekers, as mortgage rates will react. Recently, the only good news home-buyers have going for them are the historically low mortgage rates. That now looks about to change.[/quote]

Yup – it’s huge. One would expect, though, that higher interest rates would translate into lower prices. At least I hope that is the case — the market is so gamed that basic classical economics doesn’t make much sense. Any predictions how the SD housing market would respond to, say, 8% interest rates?

[fishsticks]

[quote=EconProf]This is a huge move in one day for long-term interest rates.
In essence, long-term rates reflect anticipated inflation by the investment community. This will be a big blow to home-seekers, as mortgage rates will react. Recently, the only good news home-buyers have going for them are the historically low mortgage rates. That now looks about to change.[/quote]

Yup – it’s huge. One would expect, though, that higher interest rates would translate into lower prices. At least I hope that is the case — the market is so gamed that basic classical economics doesn’t make much sense. Any predictions how the SD housing market would respond to, say, 8% interest rates?

[fishsticks]

[quote=EconProf]This is a huge move in one day for long-term interest rates.
In essence, long-term rates reflect anticipated inflation by the investment community. This will be a big blow to home-seekers, as mortgage rates will react. Recently, the only good news home-buyers have going for them are the historically low mortgage rates. That now looks about to change.[/quote]

Yup – it’s huge. One would expect, though, that higher interest rates would translate into lower prices. At least I hope that is the case — the market is so gamed that basic classical economics doesn’t make much sense. Any predictions how the SD housing market would respond to, say, 8% interest rates?

[fishsticks]

[quote=EconProf]This is a huge move in one day for long-term interest rates.
In essence, long-term rates reflect anticipated inflation by the investment community. This will be a big blow to home-seekers, as mortgage rates will react. Recently, the only good news home-buyers have going for them are the historically low mortgage rates. That now looks about to change.[/quote]

Yup – it’s huge. One would expect, though, that higher interest rates would translate into lower prices. At least I hope that is the case — the market is so gamed that basic classical economics doesn’t make much sense. Any predictions how the SD housing market would respond to, say, 8% interest rates?

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