not all states have equal risk zones. well, expect major property price deflation in the near future. so much for harmless printing games. term limits is a good start.
In other words, the industry is manipulating mortgage rates. For a long time we’ve been told that rates are directly linked to FED rates; current market rates disprove that argument.
you followed the wrong "they" then. It's always been linked to the 10 year treasury. It's when you follow idiots like these people you end up very misinformed. The 10 year treasury is driven by the free market and that's why you're seeing them spike despite the FED rates. Because the free market sees the inflation and acts on it
10 more yrs and they won''t be able to use the high water marks of the 70's and early 80's as an example of common based on avg. It just isn't honest to compare anything today to something in the 70s when inflation was double digits for long period of times. I would ask what the avg is over 40yrs or even 30yrs, those would be closer to where the market should be once the fiscal and economic sectors get adjusted w/the new administration.
It isn’t the interest rate it's how much interest you pay. Try a different program than a fixed rate loan. All In One loan is great if you know what you are doing
The expert is forgetting the meaning of interest rate changes within a product - rate increases indicate higher risks. I'm assuming mortgage defaults and delinquencies are up.
Nope, I don't think 6% is a good interest rate. My federal student loans from back in 2016-2017 were 3.6-4.125% fixed. If I had gotten those same loans today, it would be 6.53%.
most people don't get it, the rates are not climbing, they are just returning to their historically normal levels. The low rates that we had the last decade were abnormal. As for why mortgage rates are increasing it's simply because mortgage rates follow the 10 year Treasury which is not affected by Fed cuts on the short end. Long term rates are affected only when the Fed does "yield curve control" using QE which they are not doing right now, in fact they are doing just the opposite and rolling debt off their balance sheet. So to put it simply, Fed cutting rates has really zero relationship to mortgage rates.
With the fed cutting on the short end, and at the same time rates are going up on the medium and long end, is it possible that the market is afraid of higher inflation into the future? Is it possible that the lawn market is concerned with all this massive debt that we have been accumulating? If so, rates will continue to run.
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Housing loans are high risk now due to the insurance fiasco we are living in right now.
not all states have equal risk zones. well, expect major property price deflation in the near future. so much for harmless printing games. term limits is a good start.
In other words, the industry is manipulating mortgage rates. For a long time we’ve been told that rates are directly linked to FED rates; current market rates disprove that argument.
you followed the wrong "they" then. It's always been linked to the 10 year treasury. It's when you follow idiots like these people you end up very misinformed. The 10 year treasury is driven by the free market and that's why you're seeing them spike despite the FED rates. Because the free market sees the inflation and acts on it
Never heard there was a direct link as mortgages are long term and feds are short term. It effects HELOCs, credit card, etc other variable loans
Mortgage rates have been under %7 for 20 years prior to this issue. That is what people are expecting.
The issue is home prices haven't really come down
You will own nothing...and you will become Luigi. Let's go! ✊😌
10 more yrs and they won''t be able to use the high water marks of the 70's and early 80's as an example of common based on avg. It just isn't honest to compare anything today to something in the 70s when inflation was double digits for long period of times. I would ask what the avg is over 40yrs or even 30yrs, those would be closer to where the market should be once the fiscal and economic sectors get adjusted w/the new administration.
It isn’t the interest rate it's how much interest you pay. Try a different program than a fixed rate loan. All In One loan is great if you know what you are doing
We just hit 7.1% THIS LADY IS A FRAUD!! 😂
The expert is forgetting the meaning of interest rate changes within a product - rate increases indicate higher risks. I'm assuming mortgage defaults and delinquencies are up.
They are GOING to get their money
It's in Bright MLS's interest to give the housing market a positive spin.
I think you should buy expensive houses at high interest rates 😂😂😂😂
Nope, I don't think 6% is a good interest rate. My federal student loans from back in 2016-2017 were 3.6-4.125% fixed. If I had gotten those same loans today, it would be 6.53%.
6% was sorta the norm for awhile. The issue is home prices are high. Check out and All in One loan instead
most people don't get it, the rates are not climbing, they are just returning to their historically normal levels. The low rates that we had the last decade were abnormal. As for why mortgage rates are increasing it's simply because mortgage rates follow the 10 year Treasury which is not affected by Fed cuts on the short end. Long term rates are affected only when the Fed does "yield curve control" using QE which they are not doing right now, in fact they are doing just the opposite and rolling debt off their balance sheet.
So to put it simply, Fed cutting rates has really zero relationship to mortgage rates.
With the fed cutting on the short end, and at the same time rates are going up on the medium and long end, is it possible that the market is afraid of higher inflation into the future? Is it possible that the lawn market is concerned with all this massive debt that we have been accumulating? If so, rates will continue to run.
The crazy thing is, look prior to 2001 and maybe just a little further, 7% and higher was the norm. 3-4% is not
Silence boomer
But prices for a home weren’t at 1mil for a starter home.
Fascism
Greed