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Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

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Ambassador
1,464,919
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

People will always need homes.  They bought when the rate hit 21% so I doubt this will make a bit of difference!

Dec 16, 2015 05:15 AM
Rainmaker
2,443,255
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

No, I think it may shake some fence sitters off the fence, both Buyers and Sellers.

Dec 16, 2015 11:09 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I don't think they will quit, but they'll complain a lot.

Dec 16, 2015 11:13 AM
Rainmaker
1,732,127
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Not so sure they will stop looking as much as just not be able to buy at the current prices.

Dec 16, 2015 10:32 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Will Hamm I don't think the Feds .25% rate hike will have much of an impact. It might affect borderline buyers.

Dec 16, 2015 09:41 AM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

no, I think people will maybe get off the fence so they don't pay more

Dec 16, 2015 08:00 AM
Rainmaker
7,910,656
Roy Kelley
Retired - Gaithersburg, MD

No. The immediate increase should not be enough to discourage home purchases.

Dec 16, 2015 07:06 AM
Rainmaker
5,773,781
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Will,

No I don't think so.  This was not a huge hike, and all is very well.  A

Dec 16, 2015 06:40 AM
Rainmaker
2,792,043
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

NO...but I bet this prompts many to get serious

Dec 16, 2015 06:19 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

I just gained two new buyers today after the rate increase; now to find one in their price range will be the problem.

Dec 16, 2015 05:25 AM
Rainmaker
5,139,610
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not yet.... rates are still so low by historic standards people are still better off buying than waiting for them to go up another 100 basis points.

Dec 16, 2015 08:43 PM
Rainmaker
1,629,511
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

This is not a large change, I do not believe this small increase will make a difference and make someone to give up. 

Dec 16, 2015 04:10 PM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

No I think it will be pretty much the same as it has been. Now if they go up substantially it will ceratinly slow down the buying.

Dec 16, 2015 11:33 AM
Ambassador
3,755,035
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

All the news I've heard seems to point to very little effect.

Dec 16, 2015 09:19 AM
Rainmaker
2,205,757
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Looks like 100% say No ! It will get people off the fence !

Dec 16, 2015 08:57 AM
Rainer
421,608
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

NO WAY it will fire up all the "just looking" - hoping for a dip - deal shoppers and more. Last time I recall I was so busy I hired more people

Dec 16, 2015 08:39 AM
Rainmaker
3,416,088
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Just today i got 2 calss from buyers looking to step it up, my prediction would be a short term rise in buyers followed by a hard winter  coming soon

Dec 16, 2015 08:23 AM
Rainmaker
401,356
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

I think those who aren't really serious will use it as an excuse to drop out, which is good because they weren't serious anyway.  Others will get more serious.  Regardless of rates, people will always buy and sell.

I bought my first house with 10% down payment, which was considered low at that time.  The loan that was available to me was an adjustable with an 8.5% start rate and a ceiling of 11.5% and I gladly took it.

The rate was not nearly as impressive as the one Susan Emo got. 

Dec 16, 2015 07:56 AM
Rainmaker
1,157,791
FN LN
Toronto, ON

It may stop some people in the US.  It remains to be seen how the Bank of Canada will react to the Fed's increase.

Dec 16, 2015 07:18 AM
Rainmaker
443,220
Cindy Davis
SD Home Source Realty - San Diego, CA

Not over a quarter point...if it keeps going up, maybe...

Dec 16, 2015 06:14 AM
Rainmaker
917,818
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No, they only raised rates .25%. Rates are still attractive for anyone seeking to buy or refinance in many cases.

Dec 16, 2015 05:34 AM
Rainmaker
5,281,424
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Not a chance! We need a significant increase for that to happen!

Dec 16, 2015 08:39 PM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No. 

Dec 16, 2015 08:02 PM
Rainmaker
634,532
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

No, this increase is so small it will have very little impact on rates. I am getting more calls now because people know rates will be higher in a year.

Dec 16, 2015 05:19 PM
Rainmaker
2,759,862
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 No, I think people will always be looking. It may get some folks off the fence though.

Dec 16, 2015 05:17 PM
Rainmaker
2,538,663
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Will. If anything, it may motivate some rather than the other way around.

Dec 16, 2015 04:58 PM
Ambassador
3,176,094
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I believe it will get a person or two off the fence.

Dec 16, 2015 01:55 PM
Rainmaker
4,206,992
John Pusa
Glendale, CA

Will Hamm Probably not, bu more rate hikes might have impact on housing market.

Dec 16, 2015 01:30 PM
Ambassador
6,462,146
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not enough of a change to be noticable.

Dec 16, 2015 01:09 PM
Rainmaker
904,493
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Why? The mortgage rates have already incorporated the increase and it's only 1/4%. They should buy now as the rates are likely to go up several more times next year. Predictions are already for a 1% Fed Funds rate by end of next year or a bit sooner.

Dec 16, 2015 11:17 AM
Rainmaker
2,414,464
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I think it will have some ripple effects Will Hamm , maybe not so much for our industry but over all I think it will hurt the economy.

Dec 16, 2015 10:42 AM
Rainmaker
1,064,721
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The always-amusing thing is that some buyers think ANYTHING even remotely related to something that's somewhat something like somesuch is cause for fight or flight. Never know which. I imagine they'll all tune into HGTV or check Zillow to consult the oracle . . .

Dec 16, 2015 08:29 AM
Rainer
42,670
Fred Hafdelin
Weichert Realtors - Mountain Lakes, NJ

To the contrary. I think it will make believers out of those Buyers who were either dragging their heels or trying to decide when to buy. Now they know the rates can, have and will be increased. Buy now before the next increase.

Dec 16, 2015 06:25 AM
Rainmaker
1,245,239
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

YAP. Esp those lose out .....

Dec 16, 2015 05:28 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Not at all.

When and if that trickles down to Bank of America reducing the approved amount by 25%... THAT could be a problem.

Dec 16, 2015 05:00 AM
Rainer
87,122
Chris Locke
Acton, CA

No. IR are still very, VERY, low. A 1/4 hike should not stop anybody from buying.  in fact, it should give them a kick in the rear to lock up a home now before more IR rate increases.

Dec 16, 2015 04:53 AM
Rainmaker
979,796
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Will - I don't think the increase was significant enough to keep people from looking, and might even get some people to get off the fence (thinking rates might increase even more).

Dec 19, 2015 01:42 PM
Rainmaker
4,320,142
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Will Hamm as Inman article said - it's double edge sword, someone will jump in because of the fear and someone will jump out because of the fear, too - a different kind of fear, though!

Dec 17, 2015 02:04 PM
Rainer
223,831
LUXURYSOCALREALTY COMPASS La Jolla
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Interestingly the Fed rate is directly related to short term lending Helocs, car notes, and credit cards. Mortgage bonds fluctuate with the stock market

Dec 17, 2015 01:33 PM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no....I think the "real buyers" will now buy....

Dec 16, 2015 11:35 PM
Rainmaker
5,894,651
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Luckily, my two buyers had already locked in their rates, and with only a .25% increase, this should not deter buyers from purchasing a home.

Dec 16, 2015 11:18 PM
Rainmaker
3,071,860
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

No

Dec 16, 2015 09:47 PM
Rainmaker
4,937,150
Richard Weeks
Dallas, TX
REALTOR®, Broker

No.  Bump too low.

Dec 16, 2015 09:42 PM
Rainmaker
564,720
Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

No, I think it will speed things up a bit.

Dec 16, 2015 08:49 PM