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Sam Shueh It has been expected for while.
That small change should not make much of a difference.
I am with Susan Emo on this one. A
Maybe some fence sitting buyers will realize that the rates aren't going to stay low forever, and they will finally act and buy a house.
The stock market seemed to like it, but everywhere else i wentthis afternoon i was asked how bad it was for real estate. The perception by the public is it will be bad which will not be good.
I think it is good....epople who save will get a few pennies more and it really won't hurt the buyers much at all.
Doubt it will make a difference.
Our industry has welcomed all the changes. The interest rate is not going to affect anything.
This is sorry news for many buyers in areas of the Country where home prices continue skyrocket, like San Diego.
Even with this bump rates are extraordinarily low. I don’t anticipate any big change in housing sales.
Sam - It will be interesting to see how this affects mortgage interest, and home financing if this increase continues throughout next year.
I think the market anticipate this already
Mortgage rates may increase, but rates have to increase substantially to cool the market!
Rates will go up the same as banks want the same margin. Fence sitters should jump in.
The experts I respect all agree it has almost no impact on current rates. The Fed will probably increase repeatedly in the next couple of years and that has buyers more motivated now.
Good morning Sam. It is been a long time in coming. I don't think the small change will make much of a difference.
Good morning Sam. This change will have very little effect on short term interest rates, the bond market has already incorporate the change in rates weeks ago.
It should have minimal effect.
Now the games begin!
I fully expected that to happen....