Mortgage Rates Climb For Third Straight Week

RE:Mortgage Rates Climb For Third Straight Week

RE Investor — Wed, 13 Jun 2007 11:00:00 GMT

The more responsible headline would be "Rates still at historic lows, but inching up" Face it people, rates are still amazingly low based on historic standards. I am going contrarian to the media hype. I am acquiring property right now, and setting them on fixed rate mortgages. That way when rates hit 8% again, and financing on a house requires 20% down again, I will have a steady cash flow from the tenants that will need a place to live, and don't want an apartment. Seems simple to me. No hype

RE:Mortgage Rates Climb For Third Straight Week

RE Investor — Wed, 13 Jun 2007 11:00:00 GMT

The media just can't stop. They are causing this nonsense! People that would and could buy a home, are waiting longer to buy. Everytime one of these ridiculous bad news reports come out, those that would have bought, and kept it from getting worse, sit longer on the sidelines. The media caused the boom the same way. "Housing prices keep going up, some locked out" this was the headline for most of the last two years. To the media - shut up! Thing will then fix themselves.

RE:Mortgage Rates Climb For Third Straight Week

Thomas — Wed, 06 Jun 2007 11:00:00 GMT

So, One would think that one way to solve this is to have a separate interest rate for homes (at least until this is all past us) and this rate would not be influenced by the Fed's concerns over inflation. What is happening now is a self fulfilling prophecy as rising rates is a large part of the problem many of us are finding ourselves in. So, "Housing values down, great, raise rates." What sense does that make?

RE:Mortgage Rates Climb For Third Straight Week

Lumber Trader — Wed, 06 Jun 2007 11:00:00 GMT

How much bad news can the American Consumer keep hearing over and over and over....Pretty soon people get down, get scared...and just plain say "I'm Out!!!" Thank the media for this one....their belief is Bad news is the only news that sells. This is going to be a long turn around at this rate. 2011 MAY be a realistic timeframe if things keep going at this rate.

RE:Mortgage Rates Climb For Third Straight Week

Anonymous — Wed, 06 Jun 2007 11:00:00 GMT

People already are down and scared. Still, if bad news is true then it is better to know it right away. Isn't it worse to find out about a crash on the day of the crash? You better have some time before the crash to convince yourself that life is not all that bad...