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Mortgage Rates Continued

By
Real Estate Agent with Keller Williams Elite Realty

Wow. So I spoke too soon. The Bank of Canada suprised most analysts today by failing to lower rates. The US Fed has stated that interest rates will be going up. An analyst that I heard on the radio today stated that mortgage rates will rise over the next 2 years possibly by as much as 2-3 % points. Not good news for our market.

Comments (4)

Sabrina Kelley
ERA Herman Group Real Estate - Woodland Park, CO
Woodland Park Colorado Mountain Homes and Land

I see interests rates rising also. Check out my mortgage rate trend graph on my blog page.

How do we as professionals get consumers on board now and convince them that the current rates are going to be the new low rates?

 

Jun 10, 2008 10:13 AM
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

I don't think the Fed has much choice.  Inflation will crush an economy.

Jun 10, 2008 10:20 AM
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

I don't think the Fed has any choice but to raise.  Inflation kills earning power.

Jun 10, 2008 10:20 AM
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

No..not good news at alll......

Jun 10, 2008 10:33 AM