Active Rain
-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
;)
;)
;)
Find AZ real estate agents and Tucson real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
14 Comments on Why Mortgage Rates Won't/Can't Go Down: Huge GSEs Are Trying to Unload Debt
I saw that article the other day. I'm not one who attepts to advise clients about financing.. leave that to the pros like you. So much to keep up with these days!
I'm wondering if my IRA will still be around when I get there. arrrgh. What a mess we've made.
You are so right. It is all about the monthly carrying costs. The new higher rates will drive home prices down further - that is only great if you are a cash buyer.
I have no doubt this is really coming...I can feel it in my bones!
Mortgage rates rising......hummmmmm we knew that it was coming, but how laud do we need to scream?
I saw that article too, Mike. It is no longer about the price of the home...it is about how much the money costs. Have you written about this on your KVOA blog yet?
MIKE, I just hope we don't end up back like we were in the Carter years. I remember buying a home at 12.5% and that was with bond money our neighbors rate was 18.5%. I guess that tells on my age.
Wonderful. Mr. Mudd, the COO during the financing scam perpetrated by Mr. Raines who schmoozed himself out of a criminal prosecution, graduated to CEO with a package of about $7,000,000 a year.
They could create a story like that in Hollywood.
This is frightening, but we \'ve been warning our contacts that there will be changes, and they will not be good. So, they'll find out for themselves.
Been saying this for months and I'm sure it will come to pass sooner rather than later.
My advice - get liquid in a hurry.............
placeholder to thank you for commenting; see you soon on your blogs.
Mike in Tucson
I've been pretty much a banking sector "doom-sayer" and I tell you what...it's looking worse than anything that I ever imagined. "Theory" is always more palatable than when the crap actually starts hitting the fan. No one, no entity, or governmental hand holds the power to put humpty dumpty back together again. Our only 2 hopes...1) Jesus coming back OR 2) the invisible hand that Alan Greenspan references swaying macro economic forces in our favor. I'm covered both ways...I'm a Christian who believes in macro-economic conspiracy theory.
The next 6 months will be epic.
Rich, I'm hoping for option one. That is the most reliable way I know to be saved! :)
Login or register to leave a comment