Home Forums Hunting & Shooting Hunter's Campfire New mortgage

The only thing waiting will offer is higher mortgage rates, wait long enough and you could very well see the double digit rates of the 80s.



There is zero history of high mortgage rates causing the housing market to decline in price.

(Mortgage Rates vs Home Price)

There will be fewer homes sold and appreciation will likely slow to a crawl or just remain flat.

It's not our first rodeo at using high mortgage rates to slow inflation.

Forty years ago, the Fed pushed the economy into a recession to stop inflation. Here’s how it played out.

People just aren't gonna be selling, why would they?
It's the entire idea of raising mortgage rates, they are trying to slow spending.

If a guy down the street buys in with a 12% mortgage rate, why would that inspire people the are sitting on 6% or even 3% rates they secured over the last 20 years to sell?

They're not, they are going to sit tight, remodel, stay happy.

There will always be those that have to move and will sell, which will probably be a pretty equal match to those that have to buy.

Just find a decent, fair deal and snag it before you are looking at the higher mortgage rates that they have promised us will come.