Jun 20, 2024
2:16:15pm
2:16:15pm
Because markets won't sustain these rates long term. Optimism for rate cuts is holding things together right now.
The market has mostly priced in the idea that rates will *start* to come down in the next 6-12 months. Will rates fall to zero again? Maybe sometime in our life, but not anytime soon I don't think. But I think mortgage rates going from 6.5%-7% to 3.5%-4% is likely in the next couple of years.
Originally posted on Jun 20, 2024 at 2:16:15pm
Message modified by WP17 on Jun 20, 2024 at 2:23:07pm
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- WP17
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- Jun 29, 2024
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Moving to San Diego county soon (north end). Looking at homes for $900 that were $500 6 years ago. 😞
Jun 20, 7:40am
Yeah, not ideal but rates will fall in time and prices on good homes 10 min from the beach will rise.
Jun 20, 7:52am
Jun 20, 8:03am
Jun 20, 1:50pm
Because markets won't sustain these rates long term. Optimism for rate cuts is holding things together right now.
Jun 20, 2:16pm
Jun 20, 2:31pm
Jun 20, 8:02am
If only they’d stop buying expensive iPhones and save a little. My generation got by just fine that way.
Jun 20, 9:07am