Mortgage rates tumble in the wake of bank failures

[Ravi860]

 

• The average rate on the popular 30-year fixed mortgage dropped to 6.57% Monday, according to Mortgage News Daily. 
• If rates continue to drop now, buyers could return to the housing market once again. 
• "This mini banking crisis has to drive a change in consumer behavior in order to have a lasting positive impact on rates. It's still all about inflation," said Matthew Graham, chief operating officer at Mortgage News Daily.

 

https://www.cnbc.com/amp/2023/03/13/mortgage-rates-tumble-in-wake-of-bank-failures.html

get ready @Sonu_Patel uncle 

 

[JANASENA]

wow we want to see 2% interest rates antunna H1 unkuls

[ARYA]

@Sonu_Patel congrats

[ARYA]

Just now, JANASENA said:

wow we want to see 2% interest rates antunna H1 unkuls

Shotizen vi emmana cheptav

[JANASENA]

Just now, ARYA said:

Shotizen vi emmana cheptav

oka 5 bed 4 bath illu konali baa, so interest rates taggala ni uss bhagawan ko prardhana kartha hoo  

[Ravi860]

1 minute ago, JANASENA said:

oka 5 bed 4 bath illu konali baa, so interest rates taggala ni uss bhagawan ko prardhana kartha hoo  

Rates komchem padithe denemma builders nakaralu start chestaru 

[JANASENA]

Just now, Ravi860 said:

Rates komchem padithe denemma builders nakaralu start chestaru 

oh are you saying when Interest rates are higher home prices will be low and vice versa? 

[Ravi860]

Just now, JANASENA said:

oh are you saying when Interest rates are higher home prices will be low and vice versa? 

Not necessarily but comparitively buyer has upper hand   

[yemdoing]

 

Jpow thatha vowing to rise rates again.. why is mortgage rates dropping ?

[ARYA]

11 minutes ago, JANASENA said:

oka 5 bed 4 bath illu konali baa, so interest rates taggala ni uss bhagawan ko prardhana kartha hoo  

Last yr taggi unnapudu em eekav ba

[Hitman]

8 minutes ago, yemdoing said:

 

Jpow thatha vowing to rise rates again.. why is mortgage rates dropping ?

Banks daggara unna real estate properties వదిలించుకోడానికి plan అంతే . They need liquidity now

[JANASENA]

Just now, ARYA said:

Last yr taggi unnapudu em eekav ba

May be I'm innocent I don't know but I thought 2.5% rates are static I mean I don't know that Feds will / can increase it anytime. ala bokka pettukunna.

[Hitman]

Past 4 years Wall Street share of of residential property purchases was up to 15 to 18% . 

[yemdoing]

17 minutes ago, JANASENA said:

oka 5 bed 4 bath illu konali baa, so interest rates taggala ni uss bhagawan ko prardhana kartha hoo  

Not in next few years … even 4% was considered never befor ever after rates a decade ago . 

[Ravi860]

45 minutes ago, yemdoing said:

 

Jpow thatha vowing to rise rates again.. why is mortgage rates dropping ?

Have the same question.. but will see what happens tomorrow with inflation data