Posted 10/20/2018 07:38 (#7055992 - in reply to #7055875) Subject: RE: Have home interest rates gone up a lot?
central - east central Minnesota -
Chris - 10/20/2018 06:32
I thought about a year or so ago you could finance a home for somewhere between 3.2 and 3.5%. Looking this morning at some homes it looked like interest was in the 5's.
If that's right then home sales will probably taper off or prices will come down?
Yes, that is a "Lot" of raise in basically one year. The Fed had to "Cool off the Market" . . . . . . As Boone stated above and to cool off the stock / funds market. Way over sold and some serious problems will happen when the time comes to reconcile (Crash as in 2008). 5% is just a start - I can see 7% before the current Presidents term is finished.
Have home interest rates gone up a lot?
