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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] Only in the deepest rural areas and small towns would 380k be considered uber expensive for a house. Even in normal midsize cities $1M is pretty common for an UMC house with good schools. [/quote]
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