Thursday, April 13, 2006

Mortgage Rates Hit New 4 Year High

Here are some Dow Jones Headlines from earlier today.

DJ Freddie Mac 30Yr Fixed Rate 6.49%, Highest Since July 02

DJ Freddie Mac 5-Yr ARM Rate Rises To 6.13% From 6.11%

Some housing bulls like to try to panic the populace into buying by telling them to buy real estate before rates go higher. This is of course ridiculous since an increase in rates will reduce the overall price of the property. At this point in the housing cycle, I would rather buy a house at a reduced price and a higher interest rate since I will eventually be able to re-finance at a lower interest rate.

10 Comments:

Blogger njAndrew said...

Yes, at a given monthly paymnet (what the re and banks like to push) you are better off with a higher rate and lower priced house. When the rates finally drop you can refinance and the drop in rates should push up the price of your house, best of both worlds.

Now would be the worst time to purchase a house, rates just started going up and prices have not fallen (enough).

A

Friday, April 14, 2006 12:31:00 PM  
Anonymous seller said...

Already starting to get ready for another hurricane season in Florida. Starts in June. Not sure how it will effect my real estate work. Tough business right now. So I enjoy taking a break and seeing what other people are up to. Enjoyed visiting your blog. Visit my site if you have a chance.

Tuesday, April 18, 2006 11:31:00 AM  
Anonymous Anonymous said...

I try to swap links with people in the real estate business. But most folks don�t seem to care too much for that. Still, while blogging, I enjoyed visiting your site. Interesting work. Visit my site if you have a chance.

Monday, April 24, 2006 7:32:00 AM  
Anonymous Anonymous said...

Took a break from working on my own real estate sites ... and glad I did, because it let me spend some time reading your blog. Enjoyable and interesting. Thanks. Stop by my site if you can.

Friday, April 28, 2006 8:03:00 AM  
Anonymous Anonymous said...

Already starting to get ready for another hurricane season in Florida. Starts in June. Not sure how it will effect my real estate work. Tough business right now. So I enjoy taking a break and seeing what other people are up to. Enjoyed visiting your blog. Visit my site if you have a chance.

Wednesday, May 03, 2006 2:23:00 AM  
Anonymous Anonymous said...

I try to swap links with people in the real estate business. But most folks don�t seem to care too much for that. Still, while blogging, I enjoyed visiting your site. Interesting work. Visit my site if you have a chance.

Wednesday, May 17, 2006 11:38:00 PM  
Anonymous Anonymous said...

Blogging is a hit or miss trip ... usually a miss ... but I did enjoy reading your blog, which I put in the 'hit' category. Thanks for look. Stop by my site if you can.

Thursday, May 18, 2006 10:18:00 PM  
Anonymous Anonymous said...

Blogging does not always widen my mental spectrum, which I need to do as a break from my own real estate work. We need more colorful blogs. Thanks for the read. Visit my site if you have a chance.

Thursday, May 18, 2006 10:54:00 PM  
Anonymous Anonymous said...

Nothing beats a good blogging trip, but I think I have to get back to work on my own real estate sites. May as well stop on a high note, which your blog seems to be. Thanks for the read. Visit my site if you have a chance.

Saturday, May 20, 2006 4:26:00 PM  
Anonymous Anonymous said...

Blogging does not always widen my mental spectrum, which I need to do as a break from my own real estate work. We need more colorful blogs. Thanks for the read. Visit my site if you have a chance.

Monday, May 22, 2006 4:13:00 PM  

Post a Comment

<< Home