This Can't Be Helping Real Estate
Bankrate.com's 30-year average US fixed mortgage rate was at 6.5% yesterday, which is the highest it has been since April 2002. New highs for rates can't be tempting potential home buyers to pull the trigger.
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Go back to 1980/81 an show the kids real high rates, 14%
Posted by: dj | July 23, 2008 at 08:23 PM
Bespoke - your posting on mortgage rates hitting new highs inspired me to do a little research on predicting changes in mortgage rates. Presages bad things for August.
Thought I'd send you folks a link:
http://marketsci.wordpress.com/2008/07/24/mortgage-rate-changes-are-very-predictable/
Enjoy.
Michael S
Posted by: Michael S | July 24, 2008 at 11:56 AM