Real Estate Forums

SEOWolf · 03-20-2006, 03:10 PM

Admittedly, I do not keep on top of the news about rising interest rates as closely as I should. I realize that it has a tremendous bearing on the real estate market by I just do not stay on top of it as I should.

I would like to hear the opinion of or Mortgage Members on the new Fed Chairman, and how much they think the next rate hike will be.

Will the next rate hike scheduled for the end of the month be the last one for a while? If not when do you guys think the one after that will be.

Thanks,

~VegasMack

Miami Beach Condos · 03-24-2006, 07:28 AM

I saw something on the news suggesting that we would not have a hike in interest rates until the end of the summer. I'm like you Mack, I find myself too busy to be able to follow as close as I should. I'm just sharing what I heard.

REMAX LV · 05-11-2006, 07:41 PM

Yes, it seems like I find out when they go up at the very last minute becasue I am too pre-occupied to pay attention! I would also love to hear a professional's thoughts on rates and where they are headed. Many people think that we are safe for some time, whereas others feel that 10% rates are not far off. One thing is for sure, whatever happens will drastically impact us here in the Las Vegas home market!!

Portland Real Estate · 05-15-2006, 09:04 AM

I have a feeling that the Administration will try to keep interest rate hike at bay because of the rapidly rising gas prices. We can already see the impact of rising interest in Portland. Though there hasn't been much changes in the market for houses under $450K (still selling like hotcakes), there're clear signs that the market for $650K and above are slowing down somewhat.

05-16-2006, 05:37 PM

I Think Fed will keep this rate, because otherwise it would stop GDP growing.

LVH · 05-16-2006, 09:37 PM

According to what I have been hearing the federal reserve is going to lower the rates at the next meeting. If this happens it will help real estate sales. If we see another hike the real estate markets will slow down even more.

San Diego Real Estate · 05-16-2006, 11:39 PM

LVH...I sure hope you are right...Lets face it...We need the rates to lower to keep more buyers active...

05-17-2006, 12:09 AM

hmmmm... I think there's no way that Fed will lower Interest Rate. Inflation is relatively high, dollar is weak.. And now Interest Rate is one of the lowest in history.

Miami Beach Condos · 05-18-2006, 02:22 PM

I agree with you Jora, I don't think we're gonna see rates get cut anytime soon.

G550 · 05-19-2006, 08:42 AM

There are too many inflationary factors in the economy to have the FED consider lowering interest rates. I think we'll see continued rate increases until those factors stabilize and housing settles.

Rates are LOW. I can remember calling borrowers....
"I see your current loan is at 13.5%. Have you you considered refinancing to a lower 11% rate? We also have this NEW product called an ARM that has a low start rate of 8.25%."

Higher rates aren't good for business, but on the positive, I see it as vehicle to weed out the part-timers, unprofessionals and weak players.

My 2cents......