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Anyone Doubt Which Way Rates Are Headed?

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Real Estate Sales Representative with Keller Williams Cornerstone Realty

 

Anyone Doubt Which Way Rates Are Headed?

  

 

Most of the recent Fed reports and minutes from their recent quarterly meetings have indicated they intend to hold rates near zero through 2013 and maybe 2014. They are basing that on continued weakness in the market. However, everywhere we read housing is experiencing a recovery and in many locales investory is scarce.


Mortgage Rates Headed Higher?

 

 

Since housing is usually what leads us out of a recession, could the Fed be wrong?

 

Again?

 

  

Fed missed warning signs in 2007 as crisis gained steam

 

  

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Show All Comments
Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

I think the FED will try to hold rates in Check for awhile. Just depends on the marketplace. Hope so anyway.

Jan 30, 2013 03:00 AM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Bob, let's just keep listing and selling properties as quickly as we can. 

BTW  I lost my crystal ball, but maybe Zillow stole it.

Jan 30, 2013 03:03 AM
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Bob,  if they continue to see a rise,,you know that a increase will follow and soon.

Jan 30, 2013 03:08 AM
Kathy Stoltman
Ventura, CA
RETIRED

Hi Bob, no doubt, if home prices continue to appreciate, the interest rates will go up, but when is the million dollar question.  I think we need to see a more robust job market before I get all that excited.

Jan 30, 2013 03:46 AM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Thanks Bill.

 

Mary we are sure your crystal ball on home prices is better than Zillow!

 

We agree Ronald.

 

Thanks Kathy, we agree and we almost mentioned jobs as we wrote it.  But as builders start building construction, lumber, appliance, etc jobs should follow.

Jan 30, 2013 03:55 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

You must first lose ZILLOW from your arsenal of information if you want anyone to listen...

As to your predictions, when the market rises, interest falls and that's just normal economics.

As the economy continues to improve, so shall the stock market and this should keep interest rates stable or low.

This is economics 101.  The only thing that can screw this up is govt interference.

 

Jan 30, 2013 12:52 PM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Kevin, our point exactly - your last sentence.

We agree on Zillow and usually crop out that part of the photo.  In this case they are simply reporting current 10 year Teasury notes which is a market stat.

Jan 30, 2013 06:20 PM
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