5,772,575
Michael and Gayle,
The Fed is who ultimately decides. They did an increase last year and said that additional increases will probably happen in 2017. The economy and the job market really dictate that. We need to have people working.
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Nina Hollander, Broker
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Les & Sarah Oswald
Eastvale, CA
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Gayle Fujita Ramsey Mi...
Honolulu, HI
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Ryan Huggins - Thousan...
Thousand Oaks, CA
1,076,531
The interest rates are being driven by so many things that POTUS-elect nor any other individual has much impact ---- the global marketplaces, economic recoveries all over the world, oil output/production, and geopolitical happenings (troops near Russian borders?) are likely to be the driving force on rates.
Rates have been artificially held down, but it's become the new normal - the only way rates could skyrocket is if personal incomes and spending did as well. If that happens, higher rates won't slow down the market place.
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Nina Hollander, Broker
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Les & Sarah Oswald
Eastvale, CA
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Lyn Sims
Schaumburg, IL
3,416,038
In the end the market is what will force rates up or down. They will inch up again come spring if the market is strong despite it, watch for another tic up, if teh market slows, watch rates steady or edge backwards.
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Gayle Fujita Ramsey Mi...
Honolulu, HI
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Scott Godzyk
Manchester, NH
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
1,466,207
Michael & Gayle Ramsey Fujita Even if interest rates go up a little they are still near all time lows. I can remember 12-18% interest rates. Single digit interest rates where they are now is great.
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Gayle Fujita Ramsey Mi...
Honolulu, HI
1,502,868
We absoultely MUST raise the interest rates. Doing so cautiously and in small increments will not have a chilling effect on the economy. When (not if) the economy comes to a point where it needs a jumpstart we need to have the interest rates higher so they CAN be lowered. We do not want to become like Europe where they have NEGATIVE interest rates (you have to pay to store your money and good luck getting it out).
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Lyn Sims
Schaumburg, IL
1,712,676
Judging by the press conference yesterday and the reaction of the stock and bond market today, I would say that the increases the Fed was planning on is currently off the table. We shall see.
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Gayle Fujita Ramsey Mi...
Honolulu, HI
1,844,171
It doesn't matter what Trump says, he really doesn't have anything to do with it. It's the Fed that does. Yellen is doing what she thinks is right to spur on the economy.
I have heard that they want to raise the rates 3 times next year & I don't think that will be good for us. The market, at least in my area, is not booming like in some. I think we will have a stall out.
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
5,048,728
Time will tell. It's really up to the Feds. I imagine there will be close eyes on what is happening with jobs, salaries, inflation and more before making the next decision.
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
989,652
Michael & Gayle Ramsey Fujita AFAIK it's the fed that decides this and a few points raised may actually be ok based on the state of the economy
Then again I am not an economist LOL
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Gayle Fujita Ramsey Mi...
Honolulu, HI
599,274
I've been saying the same thing for two years. The rates have been held low to encourage real estate sales which is propping up the economy. We need to let the market correct; I just hope it doesn't over-correct.
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Gayle Fujita Ramsey Mi...
Honolulu, HI
864,658
It is hard to predict what will happen in 2017. Presidential promises and realistic goals at times are two different things. I see interest rates rising due to our current economic progress and recent inflation on the horizon.
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Gayle Fujita Ramsey Mi...
Honolulu, HI
2,781,013
The needs of the many outweigh the needs of the few. This is what is at work
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Lyn Sims
Schaumburg, IL
3,587,835
It's interesting to know that even when rates are higher (much higher) people are still buying homes. I too remember the high interest days and when I started buying up homes I thought anything under 10% a good deal! Funny thinkingn about that now all these years later. Will rates go up - most likely and hopefully it will be gradual.
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Fred Griffin Florida R...
Tallahassee, FL
1,617,916
I believe rates to hit 5% my prediction
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Fred Griffin Florida R...
Tallahassee, FL
711,752
Even before the election, there was a prediction that mortgage rates would go up. Not tremendously, but up toward 5% by the end of the year. This will knock out some of the lower end buyers, but does speak of a healthier economy.
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Fred Griffin Florida R...
Tallahassee, FL
921,504
Knowingthe stock market has never been a logical or rational indicator of anything, I would anticipate interest rates WILL (and should) GO UP.
Marginal buyers will be squeezed out of home buying temporarily. Real estate professionals and their associates will companion with allied partners to create solutions that will enable these buyers.
Commentary from real estate professionals, with data from their LO of choice, should provide a today monthly payment and as well as what that payment may be six months away with a 0.25 rate increase. Ad this message to the previously mentioned solution and business will continue.
Be aware, the winds that currently blow in DC have little concern for the eternal class struggle of daily existence. If you don't have money now, tomorrow may be more difficult. Hey, that was going to happen anyway, but the causes will change.
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Gayle Fujita Ramsey Mi...
Honolulu, HI
7,835,282
Mortgage interest rates will go up. Smart consumers are not willing to gamble on this issue.
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Fred Griffin Florida R...
Tallahassee, FL
3,344,906
I think that we will see as it all unfolds.
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Fred Griffin Florida R...
Tallahassee, FL
4,800,082
5,868,372
2,224,473
1,725,896
4,935,556
4,434,127
2,182,502
846,475
When you ask next year I assume your are talking about 2018. That I can not comment on. In 2017 it looks like we may add a point by years end.
3,071,489
5,104,931
There is no doubt in my mind that interest rates will go... the only question is by how much.
5,229,322
I remember when interest rates were in the high 11's - people still bought homes then. I think we, as a nation, have been spoiled for the past few years with historically low rates. POTUS won't have a lot to do with the rates - the FEDS will manage it as they see fit.
I do agree with several others - what we need are jobs and to stop the artificial rates so our economy can boom again!
4,272,548
142,796
4,319,419
Michael & Gayle Ramsey Fujita - mortgage interest rates depend on many other factors - not just this one factor, to best of my knowledge.
1,239,801
5%-6% in 2017...... 30 year fixed, conforming....
This gives consumers 0.5-0.7% interests in savings instead of 0.04-0.08%....
5,005,333
I predict 4-5% interest rate increases in 2017..they do need to rise..we can't keep these artificially low interest rates to continue.
1,525,616
I agree with what Ken Jones said, he seems to have a good handle on what is happening.
763,783
3,986,258
6,392,899
2,684,009
Not a personal attack - just an opinion - I think that the Fed kept rates artificially low to make Obama look good. Now they will let the rates creep back up.
I don't see the rates going absurdly high, but any increase will have an adverse affect on prices, and on ability to purchase.
3,988,007
I fully expect them to rise as the economy continues to recover. They have been suppressed over the last few years.
900,008
1,157,785
Interest rates and economic issues in other countries are just some of the factors that the Bank of Canada takes into account when setting its rates. Others may or may not take adjust their interest rates at any time before or after the Bank of Canada adjusts its rates.