Home price remains steady amid demand, despite rising mortgage rates

[Aquaman]

 

[Aquaman]

@Sonu_Patel

[Bears]

There is enough demand for housing but supply is less. From Jan next year prices will go up steadily even with 8% interest. Whoever is looking to buy home and can afford it, this is your best time to buy!!

[jpismahatma]

10 minutes ago, Bears said:

There is enough demand for housing but supply is less. From Jan next year prices will go up steadily even with 8% interest. Whoever is looking to buy home and can afford it, this is your best time to buy!!

Correct. It will ballon from here to 20%. If mortgage rates fall it would be 50% at least.

[Bears]

I don’t think mortgage rates will fall at least for next 3-4 years. House prices will go up 3-5% in most of the locations. People who are ready with cash are the kings. 

[shaktimaan]

25 minutes ago, Bears said:

I don’t think mortgage rates will fall at least for next 3-4 years. House prices will go up 3-5% in most of the locations. People who are ready with cash are the kings. 

people who’re expecting for rates to come down to pandemic levels(under 4) are delusional. That will never happen again. This applies to people waiting to refinance as well 

[Variety_Pullayya]

56 minutes ago, Bears said:

I don’t think mortgage rates will fall at least for next 3-4 years. House prices will go up 3-5% in most of the locations. People who are ready with cash are the kings. 

5% aina chalu ...manollu egapadtharu. sadly investors will be in full swing too.

[ForEverJava]

1 hour ago, shaktimaan said:

people who’re expecting for rates to come down to pandemic levels(under 4) are delusional. That will never happen again. This applies to people waiting to refinance as well 

Ala ite papam naku telisina oka 15 friends irukupoinatte..rates 6 months lo taggestayi ani entaina petti tega konnaru ..memu 6 months lo refi cheskoni payment 1/3rd ki aipoddi ani jabbalu charicharu..I gave them hints it may not happen ani but evvadu taggatle..ekkuva chepte nenu illu kontunna ani kullu anukuntaremo ani nenu emi cheppale..🤣🤣🤣😅😂

[krishnaaa]

1 hour ago, shaktimaan said:

people who’re expecting for rates to come down to pandemic levels(under 4) are delusional. That will never happen again. This applies to people waiting to refinance as well 

Babu....if you understand US economy, it would be very clear that rates will have to go negative in future.

[Ravi860]

8 minutes ago, ForEverJava said:

Ala ite papam naku telisina oka 15 friends irukupoinatte..rates 6 months lo taggestayi ani entaina petti tega konnaru ..memu 6 months lo refi cheskoni payment 1/3rd ki aipoddi ani jabbalu charicharu..I gave them hints it may not happen ani but evvadu taggatle..ekkuva chepte nenu illu kontunna ani kullu anukuntaremo ani nenu emi cheppale..🤣🤣🤣😅😂

Entha interest %?

[shaktimaan]

13 minutes ago, krishnaaa said:

Babu....if you understand US economy, it would be very clear that rates will have to go negative in future.

negative?

does that mean bank pays you to hold a mortgage 

[chantigaduUS]

20 minutes ago, krishnaaa said:

Babu....if you understand US economy, it would be very clear that rates will have to go negative in future.

US lo negative aa..yada dorikav anna nuvvu

[ForEverJava]

1 hour ago, Ravi860 said:

Entha interest %?

Konta mandi 6.5 in May and some 7 recently ..somen7.5 to 8 also in dec/Jan closing 

[Konebhar6]

1 hour ago, shaktimaan said:

negative?

does that mean bank pays you to hold a mortgage 

Yeh that’s what he is referring. Similar to JApan.

[Konebhar6]

1 hour ago, shaktimaan said:

negative?

does that mean bank pays you to hold a mortgage 

Why not? That can happen if US stocks and housing extreme crisis happen. Basically a repeat of 2008/2009 fin crisis and worse. 
 

realistically we are no where near it.