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The truth is that we’ve only had mortgage interest rates in the 5% and under range for about fifteen months! And already we consider that “normal,” and act as if anything higher will keep people from buying and hurt the housing market? Continue reading
In my opinion, continued artificial support will only make the correction worse when it does happen, so we should allow the market to seek its own course, with minimal external manipulation. Continue reading
I have seen other credible forecasts that when the Fed withdraws support, mortgage rates could increase 1% to 2% about current rates. These “power brokers” are more optimistic, and generally see the market stabilizing. Continue reading
Margaret Kelly, CEO of RE/MAX International, has been named to the Board of Directors of the Denver branch of the Federal Reserve Bank. Continue reading
Many people hang on every report from the Fed, and their activities can have huge impact on our overall economy. They do not, however, manage mortgage interest rates. Continue reading
Bill Morris on Austin Real Estate 