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Rainmaker
4,552,903
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Most Californians are still waiting for $2.00/gallon gasoline.  Then I can answer your question although I'm not predicting either will happen anytime soon.  

Feb 19, 2016 05:06 PM
Ambassador
3,339,049
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Only time will tell ... my crystal ball was shattered in the 1989 earthquake we had here in California.

Feb 20, 2016 01:20 AM
Rainmaker
1,722,626
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

I doubt it. Rates are all manipulated. If the rates get too low, no securities firm will step up to buy bundled non-profitable secured mortgage bonds.

Feb 19, 2016 09:17 PM
Rainmaker
5,190,916
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not likely to happen.

Feb 19, 2016 09:42 PM
Rainmaker
513,637
Brenda J. Andrew
ULTIMA REAL ESTATE - Willis, TX
Professional Realtor in Conroe/Willis, TX

That sounds great, but I don't think it will happen.  I love the gas prices right now.  It takes less than $20 to fill up my little car!

Feb 19, 2016 09:08 PM
Rainmaker
2,168,165
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

What we are seeing is that buyers will buy a little further away from where they work(with the low gas prices).

Feb 19, 2016 09:05 PM
Rainmaker
4,973,088
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I don't see that happening!

Feb 19, 2016 08:57 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope not.

Feb 19, 2016 08:55 PM
Rainmaker
556,286
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

No connection between the two. 

Feb 19, 2016 08:41 PM
Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

How nice that would be but I don't see the correlation. Unless tanking oil prices effects the prime interest rate I don't see it happening.

Feb 19, 2016 08:11 PM
Rainmaker
1,619,091
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I think, they will try keeping it all low for a few more months, but after election.....it might be a mess for-awhile. What do you think?

Feb 19, 2016 05:49 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning. Quite frankly, that would not surprise me.

Feb 19, 2016 05:29 PM
Rainmaker
2,759,787
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 I doubt it. I did purchase gas for $1.419 the other day

Feb 19, 2016 05:16 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

CA RE Licensing - is there any connection between the two? 

Feb 19, 2016 02:35 PM
Rainer
231,224
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

no. not for fixed mortages. and i would encourage all buyers to act prior to the national election in nov.

Feb 19, 2016 02:00 PM
Rainmaker
7,788,039
Roy Kelley
Retired - Gaithersburg, MD

Doubtful.

Feb 21, 2016 03:30 AM
Ambassador
6,352,545
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

maybe, but I doubt it

Feb 20, 2016 03:46 PM
Rainmaker
1,683,762
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I woud be surprised if it goes that low.

Feb 20, 2016 01:04 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I don't think we are going to see interest rates go any lower, but I'm sure loving these gasoline prices. 

Feb 20, 2016 10:59 AM
Rainmaker
1,498,148
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

TWO DOLLARS????  CA must stand for Canada 'cuz it's in the mid to upper $3.00s in Southern Cal.

 

As to the interest rate, no.  I don't think they can drop it that low without causing problems for the banks.

Feb 20, 2016 09:04 AM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I hope not...interest needs ot be a bit higher to balance the investors out some.

Feb 20, 2016 07:15 AM
Rainmaker
897,818
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Oil is only one piece of the puzzle.

Feb 20, 2016 04:13 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I don't think so. It has been nice paying low prices. I paid $129.9 this week with my reward discount.

Feb 20, 2016 03:40 AM
Rainmaker
4,898,962
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

never will

 

Feb 20, 2016 02:29 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

there are adjustables in the 2 range.....our gas prices are $1.67/gallon....

Feb 20, 2016 01:47 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Limited correlation between the two.

Feb 20, 2016 12:33 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

Good question for the economists.  Each will give you a different answer.

Feb 20, 2016 12:13 AM
Rainer
43,981
Stephanie & John Webb
Latte Stone Realty LLC - Albuquerque, NM
Stephanie Webb Co-Owner, Latte Stone Realty, LLC

Our gas prices are $1.28 right now. I would love to see 30 year fixed interest rates that low!

Feb 19, 2016 11:12 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What is the connection?

Feb 19, 2016 10:42 PM
Rainmaker
5,096,166
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't see that happening. But I am happy that gasoline in my world is $1.35 a gallon.

Feb 19, 2016 10:34 PM