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FIND YOUR DREAM HOME OR APARTMENT

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26Comments
Sep 28, 2013 10:15AM
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I for one would like to see a higher interest rate. The only beneficiaries of low rates are the banks. During my lifetime, I have purchased at least 25 houses for rentals and personal use. Every one of the houses was with loans between 9% and 16.5%. During that same period, CDs returned up to 10% interest. My current residence was purchased in 1983 for $250K at 16.5% interest.

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The financial world needs to make up its mind as to what is best, a healthy housing market or a subdued one.
Sep 28, 2013 9:32AM
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Realtor are back at it again trying to start panic buying, as you see all these adds on tv "shortage of houses", "prices are rising" etc but  there always some tricky wording very quick at the end  of add like "market may vary" . there are a few over populated area they always try to use that are over priced all the time like LA, that why they says market may very at the end very quick like.  You need to realize that these realtors  were a big part in crashing the market before, they started getting people in to panic buying on bad loans and lots of people will pay for this the rest of their lives that lost their homes to short sales and foreclosures and these realtors are out their counting short sales and telling you the market has picked up from them.  Short many people lost like $100k in value and they are not off the hook for the lost they have to make it up with no home. There are still to many foreclosures going on . Watch Zillow, i see about 4-5 new one every week in our area.  Be very careful about buying this time around may sure its a good buy and take your time and don't let realtors start the panic buying they are trying to start up now with these adds ,  like rates are going up, housing shortage, it all bull and tell them to talk to the hand two inches from their face  or slam a door in their face and tell them to talk to them  because realtors are a dime a dozen, there will always be other waiting to take over and buy smart.
Sep 28, 2013 7:24AM
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Rising rates are often a sign of an improving economy

lol!!!!!!!!!!! just lol!!!!!!!!!!!!!! NOT ITS NOT
ITS Just a sign that the corp. greed want to squeeze every penny they can instead of giving it time to recover.
Sep 28, 2013 7:13AM
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The rate has fallen from 4.6% to 4.2% over the past couple of months......I'm confused????
Sep 28, 2013 6:11AM
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Forget about real estate getting better, it is all about to collapse when all the coastal states will have to pay $10,000-$20,000 a year for insurance.  Florida will be a "Ghost State".  People are already walking away from their mortgages, leaving the banks holding the bag.   Our government has stolen the "American Dream" of owning a home.  All you landlocked states, get ready for an influx of millions of homeless and needy people  
Sep 28, 2013 4:38AM
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Yelling: THE UPSWING IN REALTY HAS NOT AFFECTED THE HOMES IN CENTRAL ALABAMA. The value of my  2 homes have been steadily declining since 2008. Almost all of the headlines tell me that the housing market is recovering but I'm still waiting. And we are not a bunch of backward rednecks. have a degree in accounting & live in a college town. So, still waiting for the rebound. I figure it'll take another 10 years if it recovers at all. Depressing. For example one house has decreased in value from $99,400  in 2008 to  $91,500 in 2013. A loss of almost $8000. NO HOUSING REBOUND HERE. So good for rising interest rates. Thanks.
Sep 28, 2013 2:48AM
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The problem is that between our government's reckless spending and the Fed's monetizing of its debt, we have become acclimated to an abnormally low interest rate regime.  My first mortgage back in the 80's was 14%.  When I refinanced to 9% I thought that was great - closer to historical norms.  At those rates, banks could give a decent interest rate on saving accounts.  Bonds could pay a decent rate to fixed income people.  Now we are stuck because by keeping rates so low for so long, the economy has adjusted to the low rate.  It is anemic at best and unfortunately when rates go up (as they must) the economy will collapse.  The Fed's central planning has failed just like the Soviet Union's.  Instead of letting the country go through a sharp but short recession in the early 2000's, they have tried to push more debt at the issue to make it go away.  Now we are in the same position as then - facing a recession - but with debt exponentially magnified.  This will not end well, and is testimony to all those who think they know better than the free market.  And make no mistake about this, this is not a free market - it is crony capitalism.  It is run by the bankers, the military industrial complex, their lobbyists, and their politicians.
Sep 28, 2013 2:33AM
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IT'S all going to collaspe because of your government anyways....now see the people that voted in these criminals are the same inbreded hillbillies that will read this comment while picking their nose and scratching their A$$ and thinking it's someone elses fault....same one's that giggle when you ask them a intelligent question.
Sep 27, 2013 11:08PM
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Well the rising rates are going to result in my wife getting laid off from her job at a credit union. She had not been able to find a decent job for years since the entire housing collapse, now that she has finally found one, the rates go up again and she is unemployed.
Sep 19, 2013 9:49AM
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Rising rates hurt everyone except money lenders like Banks, loan sharks. and people who have so much money that they have all their investments in cash and have no need ever to borrow. Rising rates are very damaging to the elderly who have most of their money in Bonds. They decimate the principal value of bonds. They hurt young people who have to borrow to finance education and or homes. They hurt the middle age people who own equities and bonds because often both get trashed in a rising rate environment. Finally they actually exacerbate inflation contrary to what the media and the Banksters would have you believe. Look at historical charts of inflation and interest rates comparison. Bottom line, they help the Banksters and the wealthy
Sep 19, 2013 1:35AM
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Time for our accounts to get higher interests. 
Aug 18, 2013 11:01AM
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One more good thing about rising interest rates, for those who do not carry debt - that is..banks will start to pay healthier rates on savings - and maybe seniors can breathe a little easier once again.
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