http://austinrealestatedaily.com/real-estate/real-estate-tips-real-estate/two-predictions-for-future-mortgage-rate-movement%e2%80%94is-it-time-to-%e2%80%9crip-the-band-aid%e2%80%9d-off/ Austin Real Estate Daily is an online resource dedicated to giving the real estate industry a spot to find inspiration, compare investment strategies and stay updated with the community. Search the Austin MLS, get free market statistics, ask the experts in our forum and the truth about central Texas real estate without all the doom and gloom. Thu, 09 Sep 2010 18:02:24 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://austinrealestatedaily.com/real-estate/real-estate-tips-real-estate/two-predictions-for-future-mortgage-rate-movement%e2%80%94is-it-time-to-%e2%80%9crip-the-band-aid%e2%80%9d-off/comment-page-1/#comment-27 Mortgage Rate Movement — Paul Smith | Austin Real Estate Wed, 07 Apr 2010 07:12:17 +0000 http://austinrealestatedaily.com/?p=945#comment-27 [...] updates on this topic. A good friend of mine recently wrote Two Predictions For Future Mortgage Rate Movement, an article in which he brings up some good points on mortgage rates that some of us might not [...] [...] updates on this topic. A good friend of mine recently wrote Two Predictions For Future Mortgage Rate Movement, an article in which he brings up some good points on mortgage rates that some of us might not [...]

]]> http://austinrealestatedaily.com/real-estate/real-estate-tips-real-estate/two-predictions-for-future-mortgage-rate-movement%e2%80%94is-it-time-to-%e2%80%9crip-the-band-aid%e2%80%9d-off/comment-page-1/#comment-22 John McClellan Sat, 20 Feb 2010 16:23:40 +0000 http://austinrealestatedaily.com/?p=945#comment-22 <p>I agree that prices may fall some in the 2nd part of this year...however I don't believe that that percentage will be greater than 5%, especially in the sub 300 price range. The problem with waiting until then is that rates could be as high as 2 points higher than they are now and that would mean that if you are financing your home then you could end up paying 10-15% more for it because of financing costs. I am currently writing an article that shows how this works and will post soon. If will have charts to back it up.</p> I agree that prices may fall some in the 2nd part of this year…however I don’t believe that that percentage will be greater than 5%, especially in the sub 300 price range. The problem with waiting until then is that rates could be as high as 2 points higher than they are now and that would mean that if you are financing your home then you could end up paying 10-15% more for it because of financing costs. I am currently writing an article that shows how this works and will post soon. If will have charts to back it up.

]]> http://austinrealestatedaily.com/real-estate/real-estate-tips-real-estate/two-predictions-for-future-mortgage-rate-movement%e2%80%94is-it-time-to-%e2%80%9crip-the-band-aid%e2%80%9d-off/comment-page-1/#comment-20 phony37 Fri, 19 Feb 2010 06:16:46 +0000 http://austinrealestatedaily.com/?p=945#comment-20 Great post John. So, you are saying you expect prices to fall later this year? How couldn't they with no subsidy and rising Texas unemployment? Would it be prudent to wait until later this year to get property in Austin? Surely demand will be low then. Great post John. So, you are saying you expect prices to fall later this year? How couldn’t they with no subsidy and rising Texas unemployment? Would it be prudent to wait until later this year to get property in Austin? Surely demand will be low then.

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