Higher Interest rates and Housing


	Higher Interest rates and Housing

muckdog

6-9-2007 3:12 PM

491 views

tags:

housing, real estate, interest rates

muckdog says:

Could rates go back above 7%? We're spoiled after years of historically low interest rates. Is the trend reversing?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/13703ccb-9a3f-4cad-87a7-a19052d1e358/36D1A02F-FE23-473D-AC90-44AE5973078E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://thehousingbubbleblog.com/" href="http://thehousingbubbleblog.com/" style="font-size: 11px;">thehousingbubbleblog.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thehousingbubbleblog.com/">“The biggest topic of the week has to be the massive jump of the yield on the <A href="http://finance.yahoo.com/q/bc?s=%5ETNX&t=3m" target="_blank">10-year</A>. The last hope of the housing market was the dream that the Fed still had control of the situation and could lower interest rates. This would set everything right in the minds of fanatics such as David Lereah, Leslie Appleton-Young and Lawrence Yun.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thehousingbubbleblog.com/"><P>“Raising interest rates will kill whatever is left of sub-prime and Alt-A craptacular real estate lending. Rates go to 7% and bye-bye any real estate recovery at these bubble prices. Prices must and will fall.”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thehousingbubbleblog.com/"><P>The <A href="http://www.contracostatimes.com/business/ci_6092114" target="_blank">Contra Costa</A> Times. “Investors’ expectations of an interest rate cut, and home buyers’ hopes for cheaper mortgages, seem to be disappearing. Some market watchers say the yield is likely to climb higher as bond prices weaken, making it even harder for consumers to finance home purchases and for companies to borrow money.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/36D1A02F-FE23-473D-AC90-44AE5973078E/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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