House Interest Rates Rising!

phobicsquirrel

pilgrimtex

stephen_hannibal

Horrible news. Fiance and I are looking at purchasing.

kuzi16

jgibv

bbass2

I'm not in the business but it certainly seems to be picking up in our area. We've been trying to sell ours on and off for the past two years. Took it off early last fall then relisted in Spring and had it under contract within two months. The agent said there is a drastic difference in the market in the last 6 months. That supply and demand was great for selling, but stinks for buying. Oh and moving sucks.

phobicsquirrel

kuzi16

Vulchor

paraphrased....and certainly the way the banks and govt feel.....shut up squirrel, lube up, and take it up the poop chute like everyone else does and just be happy your not homeless or being attacked by terrorists.

YankeeMan

perkinke

phobicsquirrel

phobicsquirrel

Vulchor:

paraphrased....and certainly the way the banks and govt feel.....shut up squirrel, lube up, and take it up the poop chute like everyone else does and just be happy your not homeless or being attacked by terrorists.

lol

kuzi16

perkinke

I have always been a little puzzled by government pushing home ownership so heavily. I understand the perceived stability it can provide, but if you're looking at it from a purely revenue standpoint having higher rates of rental is better because governments get the taxes from the property itself, then from the income it provides as well, business license fees and i don't believe the interest form a mortgage on income property can be deducted from income taxes, but I'm not certain about that.

beatnic

Its a buyers market and the interest rate is 4.5%. What more could you want? Put down 20%, buy it. Then pay your note on a 4 week schedule and you'll own the thing in 15 years.