The housing market could stand a bump higher in rates without a major setback, says David...


The housing market could stand a bump higher in rates without a major setback, says David Stevens, president and CEO of the Mortgage Bankers Association. We haven't much to worry about now, as this week mortgage rates headed lower after rising to their highest levels in nearly seven months. But as the market improves, it can easily withstand a 4% rate, Stevens says, "which is what we forecast for year end."

Comments (3)
  • IncomeYield
    , contributor
    Comments (3700) | Send Message
     
    Who would have thunk that 4% would be considered, "high". :)
    23 Mar 2013, 01:14 AM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    @IncomeYield, well said ! 4% would be a dream of millions of mortgage holders for many decades !

     

    Right now the property values have rebounded quite nicely and still have 20% to go.90% of the buying now is all cash and via the Banks an hedge funds who are pooling billions and becoming landlords.. Is this da ja vu ?

     

    Well, no matter as I see it .Any rise in mortgage rates will push many folks sitting on there chairs to get up and buy ! I think the rates remaining low has them in a calm state..

     

    The only thumb in the pie right now is the boomers who want to downsize don't have the pool of middle aged folks to upscale into the bigger homes do to stagnant wages.

     

    Maybe,just maybe, the boomers can nudge the 30 year old kids OUT..
    23 Mar 2013, 04:39 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (10593) | Send Message
     
    Here is one idea to profit from a housing recovery:

     

    http://seekingalpha.co...
    23 Mar 2013, 08:31 AM Reply Like
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