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Real Estate
Reply to "got quoted for 4.625 percent 30 year fixed loan today (high conforming LTV of 85)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You’re not the only one OP and prices should start to reflect this.[/quote] Prices don’t have anything to do with rates [/quote] This is one of those things you see economics types claim that may have some validity, but you always suspect whatever validity it has is far less than asserted. I guess we’ll find out soon enough.[/quote] The reason they don't have much to do with rates is because prices are set by demand. Whatever impact rising rates have on reducing demand is typically offset by rising incomes (because during inflationary times, incomes rise too) or innovation in mortgage products (40-year amortizations, more ARMs, etc). [/quote]
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