Quote:
Originally Posted by Vegas69
Greg, what is your take on interest rates? Specifically, mortgage rates?
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I really don't follow mortgage rates - and couldn't tell you where they stand right now. But what I'm afraid of is that mortgage rates rise after YEARS of them being historically low - and that the consumer can't "afford" or doesn't want to afford the higher rates. Having said that - it might spur people on to get moving and buy a house before they go higher too... so it's anyone's guess. But with the tighter (better) lending standards - I wonder if the two things combined won't be a punch in the gut. Of course this all depends on how FAST they rise.
You're in the front row seat to gauge the consumers reaction to rates - and to how the newer lending standards have affected people's buying. What's your take???