Mar 8, 2022
3:21:04pm
3:21:04pm
Mortgage rates aren't tied to prime. Nice try
Inverted yield curves don't always mean a recession.
If you could predict interest rates, you would be a very rich man. There's likely going to be some correction at some point but we don't know when and how much.
Also, real estate markets are very local so that correction can be very different based on location. I would certainly guess Utah and most of the West is going to have a correction at some point. But why we have the correction and what starts it and how much of a correction we have, are all very difficult questions to answer. I don't think we will see 5% mortgage rates this year, but who knows.
If you could predict interest rates, you would be a very rich man. There's likely going to be some correction at some point but we don't know when and how much.
Also, real estate markets are very local so that correction can be very different based on location. I would certainly guess Utah and most of the West is going to have a correction at some point. But why we have the correction and what starts it and how much of a correction we have, are all very difficult questions to answer. I don't think we will see 5% mortgage rates this year, but who knows.
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- RexIdaCoug
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Messages
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3/8/22 9:02am
3/8/22 9:05am
3/8/22 9:14am
The reason they say that is because they don't know any better and just want to sell homes. Come on now. Ragnar is right
3/8/22 9:16am
There’s only a lack of inventory relative to a given amount of demand. When people cite a shortage as a reason prices
3/8/22 9:35am
3/8/22 12:02pm
3/8/22 1:07pm
3/8/22 1:38pm
3/8/22 2:49pm
3/8/22 3:01pm
3/8/22 9:57am
3/8/22 9:20am
I think people are sitting on a lot of equity in their homes. They may have mortgaged to the max when they bought but
3/8/22 9:27am
3/8/22 9:31am
3/8/22 9:51am
3/8/22 10:51am