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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.






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

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