They have fallen for the ninth month!
Existing home sales fall for record ninth straight month
Existing home sales fall for record ninth straight month
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Existing-home sales
- Thread starter Salty
- Start date
That's what Democrats do for you. I want to see 22 to 25% rates.
Two factors come immediately to mind, people cannot afford the monthly payment either because the initial price is too high, or because the resultant monthly payment is too high due to the inflation fighting mortgage rate. I expect we will see mortgage rates above the inflation rate soon.
But with Dems in charge, we will not see domestic energy production surging due to government action. Thus a train-wreck is coming down the tracks.
But with Dems in charge, we will not see domestic energy production surging due to government action. Thus a train-wreck is coming down the tracks.
Mine is at 2%. I'm inclined to agree with you. Let the people get what they voted for.
Carter's Administration saw an increase in mortgage rates, topping out in the next Administration (Bush Sr.'s) at 17.82% in 1981.
So it is not unrealistic to think the rates could climb to 20%.
I like buying up the non fixed rate mortgaged assets that hit the market for 25 cents on the dollar when the rates sky rocket.
Do you like the cost of lumber and pipe and metal?
It goes down when interest rates go up high enough to tank the economy.
Just like Germany prior to WWI. That also was the major catalyst to WWII.