Is the increase in interest rates really the bad boy?

Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

I see blog after blog of the doom and gloom of higher interest rates.

Is it really that bad or am I missing something.

I understand that some payments will go up  by 40-50 and even $60 or more.

But, how many people will drop out because of those amounts?

I had a potential client that told me they had to wait and see how much his employer was going to raise up his health insurance.

Am I the only one that has had so many people drop or postpone a sale?

My personal Health ins. is going fro.m $498 to $763 a month. 

That is almost $270 increase for a month.

We all need to raise our hackles about this.  Not only is this affecting our home sales, but all sorts of sales.  Shopping for those extras we just want and not need will be one.  Not going out to eat as often is another possible.

Is there anyone who has seen a decrease in their areas Health premiums?  I would like to hear about it.



My deductible is just short of $7,000. My out of pocket for health care before the ins. kicks in (Except for yearly physicals) Is about $13,000.  Next year it will be apx $16,000+.

How long can our Nation survive this disaster?


Cut rate procedures will start becoming the norm.


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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Health care premiums have gone down no where, Bill. The cost of housing is up, interest rates are up, maybe only gas is a bit down. Of course, it will start impacting people's budgets. I think they will still buy homes, but less expensive ones (assuming they can find them). (I'm thankful I'm old and have been on Medicare since before Obamacare.)

Dec 01, 2016 02:48 PM #1
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

William health insurance is ridiculous. Pretty much since OC was introduced our insurance went from 25 co-pay with 0 deductible to about 19K a year and it's gotten worse over the years. But I do fully expect this all to change quickly after January 20th.  It is a real concern for most families - much more so than rising interest rates which really isn't that big of a deal in the long view of things.

Dec 01, 2016 02:49 PM #2
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

William, I doubt if anyone will find a price decrease in Health Insurance. Not to throw stones but this Obama Care is a total mess and one key reason rates are climbing by large amounts of increase. 

Dec 01, 2016 03:04 PM #3
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


The interest rates by them self is the the issue . . . . It the cost of heath insurance  and the deductibles that 's going to be a big time issue.

Good luck and success.

Lou Ludwig

Dec 01, 2016 05:01 PM #4
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Health Insurance was given the OK to rape the American Public.  Rather intentionally or not, bottom line remains the same.  Mark

Dec 01, 2016 05:02 PM #5
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi William Feela - you raise a great point. Interest Rates are going to go up but as Myrl Jeffcoat said in another post...It may get fence sitters to climb off the fence. But healthcare in Arizona is going up by 120% - the largest rate increase in the country.  This is what can kill a deal faster. 

Dec 01, 2016 07:03 PM #6
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning William. I was fortunate to be able to carry my insurance from my former employer until I reached that magic age for Medicare.  There just has to be a better way.  One thing for sure the medical insurance is going to change.  Just not fast enough for some  

Dec 02, 2016 03:18 AM #7
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi William.  You are right about the increasing costs of health care.

Dec 02, 2016 05:09 AM #8
Vern Eaton
Askov, MN
Realtor 651-674-7449

I see in my rural area, which is not wealthy by any means, People saying they will NOT buy ins but pay the cheaper fine instead and even that has an effect on people

Dec 02, 2016 07:49 AM #9
Cody Carmen
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

I would agree with the general sentiments of the comments thus far: higher interest rates might be less than ideal for people in a tighter fiscal spot, but they have far less impact than the other expensive things in our lives (e.g. healthcare, education, rent).

Dec 02, 2016 09:30 AM #10
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

The health care crisis is more of an issue than the mortgage rate increase.  Hopefully the new administration will kick Obamacare to the curb and bring a better plan to the table.

Dec 02, 2016 12:33 PM #11
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

The dramatic increase in the cost of health insurance is impacting many families.

Dec 02, 2016 04:47 PM #12
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It is a broken system for sure Bill, lets just hope that the new guy has a real plan to fix it.

Dec 05, 2016 11:26 PM #13
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William Feela

Realtor, Whispering Pines Realty 651-674-5999 No.
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