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View Full Version : FEDS halt rates for now



riverroyal
08-09-2006, 05:58 PM
maybe one of the 22000 homes on the MLS in san diego will sale

BadKachina
08-09-2006, 06:37 PM
There's over 40k in Phx right now..........Investors that bought a year or two ago have to be worried about now. :rolleyes:

rodnjen
08-09-2006, 07:05 PM
Maybe the one I'm looking at in Yorba Linda will come down enough for me to buy. Although I don't see a 20% drop on your average property. Who knows.

bigq
08-09-2006, 07:10 PM
Since mrtgage rates aren't really tied to that I would say no change, but it might have a negitive effect. The buyers right now might be caught in the "if rates keep going up it will price me out so I need to buy". Since they think rates will slow they can sit out the market right now and see what happens which puts more inventory on the market.

2Driver
08-09-2006, 08:58 PM
Thought you disappeared?

riverroyal
08-10-2006, 02:53 PM
disappear,nope just working alot.

ChumpChange
08-10-2006, 03:11 PM
Hopefully the pause in prime will give people a false sense of security and make them think that rates will stop for good. This will make them believe that they can afford to buy used boats again with their home equity lines of credit since their payment will not increase ever again.