#mortgagerates #Fedratehike #interestrates
Melissa Cohn, Regional Vice President at William Raveis Mortgage, joins Yahoo Finance’s Alexis Christoforous and Karina Mitchell to discuss home financing amid expected interest rate hikes, credit lines, and the Fed’s monetary policies.
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A very smart guest; explains everything very well
Companies and investors have bought all the family homes. Most ppl have been Priced-out well before a rate hike
Wait a while before there is no buyers and price will fall like made of playing cards
Yeah upper 500’s – 900’s is not affordable. A rate hike is a very dumb idea scarring people away from home ownership
Do not listen to this lady !..get into a adjustable?…ur crazy
This isn’t 2008. The Adjustables now have a cap/max they can adjust after year 7, year 10 years, etc. Majority of people refinance or sell within 7 to 10 years anyways so what’s fhe difference. I’ve been a loan officer since 2006 and I can count on one hand the amount of people I have ever seen who buy and NEVER refinance years later or who stayed in their home for 30 years.
@Chris G Because they sold it why putting more risks in Adjustable rate with predatory aervices.. if this is in Japan yes that makes abs sense. The US, no. Abs no brainer entrapment
No one learned from 2008
You are right who has a job that last 10 years?? Most 1st time buyers have NOT even been employed for 10 years in their life. Why would they want a debt tacked onto every pay they get. Think People
Getting a mortgage hawker to sling garbage posing as an expert is slimey.
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UK base rate dropped to near zero in 2009, mortgage rates declined but didn’t drop off a cliff as banks like a profit margin more than they like paying out interest on savings, previously base rate & mortgage rates stayed in close synch. Not sure if this is Blue (Capitalist) average real wage cruushing advertising or just a very bad analysis by a guest who doesn’t check the empirical data, either way this is very bad ‘advice’ for investors that follow it.
Inflation higher than wage growth is just a falling average real wage, in the US its caused by open borders & the largest trade deficit in the world causing a drop in capital labour ratio (tractors per person), productivity per person (tractor people produce more) & thereby average real wage (produce more, eat more). This is exacerbated by monopoly/oligopoly chokepoints in the supply chain of staples of survival which allow companies to raise prices faster than ‘normal’ inflation due to a lack of competition, essentially producing where marginal revenue equals marginal cost & selling at average revenue price for that quantity to make ‘pure’ profit, instead of producing where average revenue equals marginal cost.
As staples of survival (food, drink, clothing, shelter & energy) are inelastically demanded this squeezes out other non staple goods demand, coupled with a hi level of monopsony power of US corporations preventing wage growth matching inflation, anyone who works will see their average real wage squeezed till people start dyying by poverty from the fall in average real wage. The US administration is unwilling to get to grips with the causes of the fall in average real wage by raising trade barriers against nations they run a trade deficit with & controlling the borders because Blue (Capitalist) average real wage cruushers benefit from a crash that forces foreclosures as they can buy up the cheap ‘mostly paid for’ staple good shelter outright & continue the process of cruushing US average real wage with rents that rise faster than wage growth from Purple (Noble) productivity per person improving direct investment in factories etc.
“Blue (Capitalist) owned media h@ted Trump, but wage sl@ve Bl@ck (Nationalist) renters h@te them more”
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Don’t trust the fed they’re stealing your money.
Long term adjustable being promoted lol it’s 2006 all over again.
Don’t lock-in mortgage rates, wait for the crash. Is much better to buy a house at high interest rate and low price. Then to buy a low interest rate and high price. Don’t get infected by the FOMO virus, wait for the crash. Is coming………
Homes are Double in Price as to what they were just 2 years ago . Now you have to add on escalating Interest Rates . First Time Buyers are going to have serious trouble in this new Market .
lol, she’s on hopium (and biased). Every hot air balloon eventually goes down. With rates up, quantitative easing down, the real estate market is in for a bearish ride possibly worse than 2008. Wouldn’t want to be one of those millenials buying a house on minimum down payment with adjustable rate, funding the boomers retirement only to be pushed to default when the bubble bursts.
CREATING A 30 YEAR MORTGAGE IS RIDICULOUS!!!!! Nobody finished those🤨
So what you suppose to do not buy a home. There is ways to pay it off.
30 year mortgages are government manipulation to prevent home prices from correcting.