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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Predict rates above 10% before it drops. You heard it here. Inflation is not tackled by any stretch of the imagination. [/quote]

+1. Look at the news, folks -- inflation is still crazy, and we went from people predicting six rate cuts this year to people saying maybe we'll see a rate cut in March 2025. Just to repeat, from six to zero this year. Two years from now, people will probably be bragging about their 7% rates when we've gotten above 10%.[/quote]

Wow is that really where it’s headed, 10%? Im 
 learning as we speak. We are getting hit harder here in NOVA bc housing market prices are still rising along with the interest rates. Other parts of the country are complaining about their 7% on their Uber expensive 380k homes. I wish that were our problems here! [/quote]

It's impossible to predict these things accurately but I highly doubt they will go up to 10%. I am willing to bet that we hit max  already (this month and also a few months ago). That being said, I also don't think they will fall as far and as fast as people were predicting a few months ago. Inflation is stubborn (Fed really f'ed this one up, should have increased rates sooner and government should have pumped way less $$ into economy) and does not seem to be abating.

As for the 380k, the price is irrelevant, frankly, what is more relevant is price/income (or monthly payment/income). I am sure those in areas where houses are 380k are facing the same or even worse problems as people in DMV[/quote]

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