30- year mortgage rates hit highest level since 2002

[Aquaman]

 

[Aquaman]

calling no-mortgage patel

@Sonu_Patel

[Konebhar6]

29 minutes ago, Aquaman said:

 

fed increasing rates will ultimately doom the housing market. Don't know when but it will. 

Also it will impact stock market in -ve way as people will move money into savings which is safer. Govt can't print free money like they did before as they have to borrow at higher interest rates. So growth will be impacted.

Lets see.

[Thokkalee]

4 minutes ago, Konebhar6 said:

fed increasing rates will ultimately doom the housing market. Don't know when but it will. 

Also it will impact stock market in -ve way as people will move money into savings which is safer. Govt can't print free money like they did before as they have to borrow at higher interest rates. So growth will be impacted.

Lets see.

As long as the inventory is tight, the demand will continue… but  house dream will be distant for people in the middle class because of high interest rates.. 

[Konebhar6]

2 minutes ago, Thokkalee said:

As long as the inventory is tight, the demand will continue… but  house dream will be distant for people in the middle class because of high interest rates.. 

Rent them. Keep your savings in bank. Pay portion of your rent with that interest. Much better. No need to buy

[Thokkalee]

1 minute ago, Konebhar6 said:

Rent them. Keep your savings in bank. Pay portion of your rent with that interest. Much better. No need to buy

Many ppl in middle class but homes with 5% down.. some even take federal assistance.. for them, these interest rates and home prices are prohibitive.. 

[Sonu_Patel]

3 hours ago, Aquaman said:

calling no-mortgage patel

@Sonu_Patel

anna... manolla financial planning takkuva anchana veyyaku.. 5% down payment sesi... AFDB lo ochi kotthalu kustharu.. dallas lo maathram taggavu.. ma community lo maathram taggavu.. alage memu unna 1 mile radius lo taggavu ane japam chestunnarani @perugu_vada wait chestu chestu.. inka waiting chestunnadu ani @Ravi860 vuncle to monna @csrcsr anna antunte @MiryalgudaMaruthiRao anna vinnadanta.

 

[pandu123b]

denemma 7.5 and above undi almost too much 

[Manishican]

Janalu spending thaggichukunte fed will start cutting interest rates but no one listening 

[Ravi860]

11 hours ago, pandu123b said:

denemma 7.5 and above undi almost too much 

Sellers are buying down rates bro no one paying 7% interest rates. Buying down to 5-6% mostly. Some builders even offering 4.99 for inventory. 7% and above ki nijamga konte matram kastame 

[pandu123b]

9 minutes ago, Ravi860 said:

Sellers are buying down rates bro no one paying 7% interest rates. Buying down to 5-6% mostly. Some builders even offering 4.99 for inventory. 7% and above ki nijamga konte matram kastame 

nenu ade anukunnanu.but not in everyone case.

two of our friends locked rates this month, both got close to 6.8 without any closing costs covered. 

one in dallas , other in cypress (houston)

[Ravi860]

Just now, pandu123b said:

nenu ade anukunnanu.but not in everyone case.

two of our friends locked rates this month, both got close to 6.8 without any closing costs covered. 

one in dallas , other in cypress (houston)

6.8 is still high  

[bithrisathiiiii]

5 minutes ago, pandu123b said:

nenu ade anukunnanu.but not in everyone case.

two of our friends locked rates this month, both got close to 6.8 without any closing costs covered. 

one in dallas , other in cypress (houston)

ma community lo oka uncle close chesadu for 6.7 on a 900k house, 20% down payment

[pandu123b]

Just now, bithrisathiiiii said:

ma community lo oka uncle close chesadu for 6.7 on a 900k house, 20% down payment

correct sathhi,  interest rates ekkuve unai

[bithrisathiiiii]

2 minutes ago, pandu123b said:

correct sathhi,  interest rates ekkuve unai

6400 month payments. vintane bhayamestundi, ela kadutaro emo kani