4,571,917
I try to not care about the "shoulds" , the "coulds" and the "woulds" where I have no control. This works for me.
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Diana Dahlberg
Pleasant Prairie, WI
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Kevin J. May
Hobe Sound, FL
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Greg Large
Grove City, OH
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Bob "RealMan" Timm
Minot, ND
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Candice A. Donofrio
Fort Mohave, AZ
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Ron and Alexandra Seigel
Carpinteria, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
3,416,038
Using my economic background and conferring often with local economists, if the rate hits 5, the market could stall. Because it has been low so long, there is a generation of new buyers unaware of rates ever above 5
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Erik Lilyquist
Scottsdale, AZ
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
2,684,009
When I get appointed to the Fed, I will make my decision.
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Jeff Pearl
Lovettsville, VA
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Michael Jacobs
Pasadena, CA
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Greg Large
Grove City, OH
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Libby Cousins
Spokane, WA
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Bob "RealMan" Timm
Minot, ND
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Candice A. Donofrio
Fort Mohave, AZ
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Kathleen Daniels, Prob...
San Jose, CA
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Richard Bazinet /MBA, ...
Scottsdale, AZ
5,216,347
Since I have purchased in a market where rates were under 5 and also when rates were above 18, my take is deal with it since you have no control. The decision of an acceptable rate varies with circumstances.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
1,844,271
I think lower than it is now. I think this latest increase did put a stall on things at least in my area.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
3,071,489
Michael Jacobs nailed this one!
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
5,104,931
There is no answer to this question. How do you come up with 5.5%?
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Richard Bazinet /MBA, ...
Scottsdale, AZ
2,240,975
How to maneuver, to conquer the market whatever the interest rates are is the key. Don't wait for a certain rate to kick yourself in the butt to go after more than your share of the market that is. My first home loan was 12.25% fixed in a market fueled by 16% adjustable. Make the most of whatever the rate is and avoid water cooler discussions on what is an ideal rate, when do you think this or that number will happen if the fed monkeys with the prime.
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Michael Jacobs
Pasadena, CA
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
1,052,176
Moving target, completely interdependent on so many factors.
This question is like asking what is beauty?
And yes I know they've quantified it but that's BS.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Candice A. Donofrio
Fort Mohave, AZ
716,049
It does not matter what I think. The market forces are in play. Are you talking about the interest rate or the mortgage rate? They are two different things and not the same.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
5,229,439
5% is going to be scary to many buyers who have never seen rates above that but, 6% would be my projection.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
643,975
not within my control but I would support Fred Griffin to be in charge of the Fed.
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Diana Dahlberg
Pleasant Prairie, WI
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Fred Griffin Florida R...
Tallahassee, FL
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Michael Jacobs
Pasadena, CA
1,525,616
The current interest rates have already priced a lot of first time home buyers our of the market. That's unfortunate for sellers in that price range.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
5,772,575
I agree with Michael Jacobs . They are always buyers and sellers in any market. A
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
2,178,533
I think the more important issue would be housing affordability on the price side. As long as people can "afford" the payments they will buy homes at any interest rate. Anyone remember 14%? I remember running to the bank to refi when the rates got down to 10% and saved $300 per month.
We need more houses for people to buy.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
3,344,906
The rates will be what the rates will be. Where I think they should be have never be factored into the equation.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
4,882,355
Looks like you received some great answers.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
1,543,586
I'm in 's camp on this one. I remember 14% rates but there's a bunch of spoiled owners that never knew double digits.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
2,182,502
We need to get the Savings Rates to back over 2% !!!!
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
4,800,082
There are too many outside variables. If the prime rate were 10% than a 5.5% mortgage interest rate would not be sustainable.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
1,725,996
Way above my pay grade.
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Michael Jacobs
Pasadena, CA
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
911,228
6%, but it varies depending on credit risk, debt, down payment, type of loan, etc. Have to consult with Volcker and Greenspan!
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Michael Jacobs
Pasadena, CA
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Diana Dahlberg
Pleasant Prairie, WI
3,988,007
It is more about inventory and having affordable homes and a 4-6 month supply. The interest rate helps when it isn't too low or too high.
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Michael Jacobs
Pasadena, CA
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Diana Dahlberg
Pleasant Prairie, WI
2,781,123
4-6 % seems to please all concerned
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
7,835,323
You deal with the current rates.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
1,712,676
What the economy calls for.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
1,153,794
The balanced healthy markets I've been through have ranged from 4% to 12% therefore anywhere in that range is good with me.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
1,076,551
Rates are indicative of the greater marketplace and economy, not a function of the real estate market itself.
Interest rates should always be attractive enough to bring in investment into bonds that allow liquidity in the mortgage market and plenty of access to credit.
Too high and the market lags due to a lack of participation. Too low and you have no investment in the bonds, leaving the market entirely to government funding and risk.
There is no number that's right, as it's always dependent on outside factors.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
5,583,278
5 to 6% if reasonable...
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
2,390,155
Having seen it vary from double digits to 1% who knows? Homes sold in the whole range so it will be what it will be. Tony Lewis
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
4,434,127
679,404
6% would be about it ... I remember 17% ... and I would love 3.5% ... so having said that, since I have no control ... it is what it is.
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Michael Jacobs
Pasadena, CA
5,868,372
86,514
Depends on the make up of your market. In the midwest where home prices are substantially lower and don't have rampant appreciation a higher rate would work. Here in Sonoma County, greatest state of California, our median home price is up 11% over last year to $685,000. 1 in 4 can afford the median priced home. If we didn't have 5% rates and lower, we never would have had our run up. I spend 15 years in a double digit marketplace. I love these rates. We are debating now what rate will kill our market. 6? 7? 8?
1,622,432
87,920
4,319,419
Tony Lewis - where they are now. It should go up to scare buyers sometimes, though.
6,392,929