Warning: session_start() [function.session-start]: open(/home/content/14/5809414/tmp/sess_375d5ceai0q427qs6e89dhq1n7, O_RDWR) failed: No such file or directory (2) in /home/content/14/5809414/html/_comment.php on line 14

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/content/14/5809414/html/_comment.php:14) in /home/content/14/5809414/html/_comment.php on line 14

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/content/14/5809414/html/_comment.php:14) in /home/content/14/5809414/html/_comment.php on line 14
Interest rates have been increasing for the last 4 to 6 weeks

Interest rates have been increasing for the last 4 to 6 weeks

americannovice | Feb 19, 2013 10:39 AM ET This maybe a entry point to load up on homebuilder shares?

ehan | Feb 19, 2013 10:55 AM ET I`m a mortgage broker. Interest rates have been increasing for the last 4 to 6 weeks. This report came as no surprise to us. We all knew the current boost to housing had a lot to do with low 3% interest rates. In fact, most of us in the mortgage industry have predicted another housing bubble for quite some time.

sidfeinberg | Feb 19, 2013 11:16 AM ET You must buy now or get priced out. Prices up 15% last year and predicted to be up 19% this year. Buy buy buy

RM66 | Feb 19, 2013 11:22 AM ET Not surprised. Building materials have risen quite a lot in a short period of time and that can`t be good. The amount of existing ready to build lots in our area is close to nothing. New development has been very difficult and expensive for developers and the building fees of about $45,000 to $48,000 are way too high. Unless something changes in the near term, we will have just a handful of new homes being built over the next couple years.

RM66 | Feb 19, 2013 11:22 AM ET Not surprised. Building materials have risen quite a lot in a short period of time and that can`t be good. The amount of existing ready to build lots in our area is close to nothing. New development has been very difficult and expensive for developers and the building fees of about $45,000 to $48,000 are way too high. Unless something changes in the near term, we will have just a handful of new homes being built over the next couple years.

We.are.being.played | Feb 19, 2013 11:37 AM ET " .... buy now or get priced out." Wow - it`s just amazing to see how the sucker-cycle just keeps on repeating itself. I guess if you haven`t got staying power - you never get to see the cycle. But, hey - I`m sure the non-suckers appreciate it very much. Doesn`t their nose hurt after being lead around with fingers up their nostrils for so long? So please - please! Go out their and buy-buy-buy - there`s people with patience, positioning themselves to catch it on the way down.

ckoffend | Feb 19, 2013 11:49 AM ET tahoe3 | Feb 19, 2013 10:02 AM ET "just how bad mr obama is for the u.s. economy." I guess we`ll all find out when our children and grand children are asked to pay for all the debt he has run up. Under Obama, we see an average of roughly $1.5 trillion in new debt per year! Higher than any president in the history of the USA. Things always feel great until somebody hands you the bill.

riverman218 | Feb 19, 2013 12:06 PM ET Lots of rain this winter and much colder than last year. Prices are increasing all will shake out when the weather turns. The housing market is coming back but it is not going to be at pre 2007 levels. Normal growth with builders and buyers who can afford a new home. Rental homes are hitting the market hard right now lots of inventory a lot of investors found out they don`t want to be landlords.

Harryjh | Feb 19, 2013 01:54 PM ET Hi All: Recent CNBC headline "Contruction industry creating 30K jobs per month". What a joke. Unemployment and inflation continue to cause problems for the economy. Basil III/Dodd-Franks/Federal Reserve is going to take its toll on any economic recovery. The Fed`s $45 Billion dollar MBS monthly purchasing program is supporting the Resale Real Estate market, not the New Home market. Why would any buyer of real estate purchase a new home that is 40% higher than an existing home? Short sales and bulk sales of bank/FNMA/FHLMC REO will continue to pressure property values lower. FHA`s increase in the MIP on 4-1-2013 will also put pressure on underwriting and qualifying the borrower. The real estate industry is a mess and government is the cause and effect of faulty regulatory intervention in the industry. The%

FlushTheToilet | Feb 19, 2013 03:53 PM ET So maybe the fabricated housing boom and artifically low rates are coming home to roost - once again? Then what? More and eventighter "regulation" (strangulation) of the mortgage industry? Why haven`t real estate agents been subjected to tighter restrictions and lower pay? Oh, that`s right. They have a stronger and more visible lobby, even though they`re also responsible for artificially higher home values. Someone`s got to pay down the ballooning debt, after all. Your new home will have to appreciate a whole hell of a lot before that happens, due to inflation. Meanwhile, it`s at risk until then.






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

Can I keep my mortgage deduction - CraigBean | Dec 5, 2012 04:41 PM ET At least kill it for 2nd homes, and perhaps lower the cap. Anyone buying a 2nd home can make do without the rest of us subsidizing their purchase, same for the hig... - by JBT722

The bankers have always been running the show - .REAL.patriot. | Jan 14, 2013 04:58 PM ET My sister in law was evicted by the local sheriff and told to vacate the property. She followed the order and thought she was done with any legal responsibil... - by pain245

Pending Home Sales Soar Despite Rough Winter - NewDay12 | Feb 27, 2013 10:03 AM ET Dana.....will you quit and get another job....sick of your propaganda.......write a real story like a real journalist and maybe we wouldn`t laugh at you. It is so ... - by Pet422

first time home buyers back in the market - LoganMohtashami | Feb 14, 2013 12:44 PM ET If you take an economic view of it.. We clearly don`t have the traditional or first time home buyers back in the market as strong as the cash buyers have be... - by CatGB24

Home Builders Still Feel Better, Despite `Cliff` Concerns - EugeneDAlessio | Dec 18, 2012 10:19 AM ET They`re out building....the banks have so many forclosures they could house the people of China....wake up morons.....no one is paying any more.....they`re a... - by CliffQ



Interest rates have been increasing for the last 4 to 6 weeks

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!



Warning: Unknown: open(/home/content/14/5809414/tmp/sess_375d5ceai0q427qs6e89dhq1n7, O_RDWR) failed: No such file or directory (2) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0