I'm calling it.

Peter Gozintite said:
Which seems to affect the housing market inflation particularly, no?
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Yes....Higher rates equal higher monthly mortgage payments. The higher rates may put some houses out of reach for some people. People who have variable mortgage rates will be affected also with higher monthly mortgage rate which is based on the current prime lending rate.

So yes, anytime interests rates go up it has a negative effect on home sales. The sellers will have to adjust their sale prices to attract buyers or their houses will sit empty and eventually they (the builders) will have to start paying the interests on the construction loans.
 
Bayou Tiger said:
Yes....Higher rates equal higher monthly mortgage payments. The higher rates may put some houses out of reach for some people. People who have variable mortgage rates will be affected also with higher monthly mortgage rate which is based on the current prime lending rate.

So yes, anytime interests rates go up it has a negative effect on home sales. The sellers will have to adjust their sale prices to attract buyers or their houses will sit empty and eventually they (the builders) will have to start paying the interests on the construction loans.
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Youre wrong

-rob
 
Bayou Tiger said:
Yes....Higher rates equal higher monthly mortgage payments. The higher rates may put some houses out of reach for some people. People who have variable mortgage rates will be affected also with higher monthly mortgage rate which is based on the current prime lending rate.

So yes, anytime interests rates go up it has a negative effect on home sales. The sellers will have to adjust their sale prices to attract buyers or their houses will sit empty and eventually they (the builders) will have to start paying the interests on the construction loans.
Click to expand...

Nobody with a brain has variable mortgage rates right now. Fixed rates were at 2% forever. The need for ARM loans hasn’t existed in awhile.
 
Peter Gozintite said:
Youre wrong

-rob
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I covered everything he said. Yes, home prices are already falling (not value). I showed you a ton of homes in your area with falling prices.

Doesn’t mean anything is crashing. Just means the cash over value buying frenzy is cooling.
 
RobBase (c) said:
Nobody with a brain has variable mortgage rates right now. Fixed rates were at 2% forever. The need for ARM loans hasn’t existed in awhile.
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Good troll bro, but who is talking about ARMs?

Edit: as the sole reason for the market adjusting.
 
RobBase (c) said:
Nobody with a brain has variable mortgage rates right now. Fixed rates were at 2% forever. The need for ARM loans hasn’t existed in awhile.
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So they excused all the people who had these before they were at 2%? We are talking 30 year mortgages. Rates were not 2% 30 years ago.


You know a whole lot that isn't so.
 
Im calling it, that the real estate market is falling.

Rob is calling everything perfectly fine.

Lets put a pin in it.
 
Everyone should also have their loan officer do their inspections, and inspectors do their loans.
 
Peter Gozintite said:
You sure are extra cunty today. Im sorry you took so much money out of your house.
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HA! I’m qualified to teach a class on this, and you don’t even know what a variable rate mortgage is.

You should stop wasting everybody’s time with your paranoid bullshit.
 
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