Last week I wrote about mortgage portability, and thought wow Quincy what a great idea, let's throw this out to the rest of the "in crowd" on social media and see what bubbles up. Well, I got nothing! Not one comment, one reply, one suggestion , not even one "what were you thinking?".
So, am I that far off base to think that we all will be looking at higher interest rates in our future? And the impact on the selling decision if the seller has a 3.5% loan and has to get a 7% or higher loan to buy the next house?
My guess is that we need to be thinking about that now rather than later, come on everyone, help a fella out...let me hear those ideas!