Buying A Home
forcuatro
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Interest rates- Your opinion
I know none of us can know for sure but what do you think will happen to interest rate through the end of the year.
Me- I think they will stay low until the election. After they may go up 1/8% or 1/4% through the end of the year. After that they may go up a little more but not much for a year or so.
You?
Re: Interest rates- Your opinion
It's true - no one can predict the rates! We thought by this point in the year they'd be hovering around 4% right now or above and yet here they are at record lows! And of course we locked our 30yr at 3.75 and the next day they dropped to 3.60! Same thing happened with my first home purchase 3 years ago, a rate drop the day after I locked! Murphy's!
As a REA, I saw a spike in action in our local market in March when rates ticked up to 4%. Houses were flying off the market wtih fear from buyers that they'd missed the boat. In addition, many of our clients who've bought in the last year have refinanced into 15 yr loans.
There is definately more buying power at the moment. House prices are down, yet I think we've hit the bottom. Interest rates are down. Added together means buying more house with less money.