Special offer
Susan Laxson CRS, Realtor in San Diego, CA & Naples, FL (Palm Properties)

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Rainmaker
2,810,149
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Given that such a rate increase in a short period of time would be very destabilizing and have huge consequences, it's unlikely a rate hike like that could come from anything the Fed did, and it isn't happening otherwise.

May 25, 2016 05:29 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Maybe he was napping and the instructor was trying to wake him up.  

Ugh!  

May 25, 2016 07:43 AM
Rainmaker
1,844,171
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Heck no. Have heard an increase but not like that. The market would freak out.

"he saw it on the internet ......."

May 25, 2016 06:08 AM
Rainer
16,795
Bill Polack
First Option Mortgage - Suwanee, GA
Bilingual Spanish Loan Officer in Southeast US.

Bring back Jimmy Carter and we'll see what can happen overnight. 

May 25, 2016 07:42 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no....I believe we'll have a strength for the next few years.....then you can fasten your seatbelt....

May 25, 2016 06:27 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I just can't see this happening.  I think he should ask for a new instructor.

May 25, 2016 04:44 AM
Ambassador
2,178,433
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Absolutely not!  

May 25, 2016 04:09 AM
Rainmaker
1,052,056
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I think a sales agent should need to work in GENERAL RE for 3 years before 'broker license-eligible'. And no. Not that much. A little increase to come, but not double.

May 25, 2016 09:11 PM
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 do not agree and if it happened it would throw the economy into a severe depression and shock.

May 25, 2016 01:20 PM
Rainmaker
533,993
Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

lol, not a chance in hell

May 25, 2016 01:13 PM
Rainmaker
900,008
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Not realistic; rates might inch up a bit, but not up to 9% this year.

May 25, 2016 12:32 PM
Rainmaker
4,935,551
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

No way will it go up that much.

May 25, 2016 10:31 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No a thousand times no.

May 25, 2016 09:31 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Another educator that has no idea of what they are talking about.

That would tank the ecnomy and the fed reserve is not going to  let that happen

May 25, 2016 08:31 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Just out of curiosity is he from Utah as well!

A rise yes that much no.

May 25, 2016 08:28 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Susan,

You sure he was sober?  A

May 25, 2016 08:24 AM
Ambassador
3,383,334
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

I think the highest you might see in the next year would be 5%, but even that would throw folks into a panic.

May 25, 2016 07:39 AM
Rainer
21,291
Grace Hanamoto
Intero Real Estate - Sunnyvale, CA
Quality, Knowledge, Professionalism, Experience

9 percent...I think that's fairly unlikely.

However, I do believe that data does point strongly toward at least an interest rate hike of between 1.5 and 2.5 percent from the current rate. And given the strength of the US economy and global economy, we're probably also headed toward a rate hike sooner than later--my estimate, sometime in mid July for a modest rise.

Given that I bought my first home at 11.75% interest, I think even a modest increase to interest around 5-6 percent is not going to damage the market.

Just my two cents.  Course, MY crystal ball has been on the fritz since 2007.

 

May 25, 2016 07:00 AM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Another agent / broker who has a crystal ball and can predict the future.

May 25, 2016 06:47 AM
Rainer
60,021
Coal Infantino
Coldwell Banker - York, PA
Realtor specializing in south central PA

I think we will see an increase in rates, but 9% would be a little crazy

May 25, 2016 06:19 AM
Rainer
231,224
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

no way on gods green earth. but he got you to think, and you got me to answer. :)

May 25, 2016 06:12 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Susan Laxson I guess he wanted to see who was paying attention. An increase is probably, nine percent unlikely.

May 25, 2016 06:12 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

The always wise  Dick Greenberg has this one nailed. The financial system couldn’t adjust to a rate increase that high and that fast.

May 25, 2016 05:45 AM
Ambassador
6,392,879
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

very doubtful, what is the basis behind this guys claim?

May 25, 2016 04:20 AM
Rainmaker
637,434
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Wow, an instructor with a crystal ball! I remember when interest rates were very high back in the late '70s and would not like to go back there.

May 25, 2016 04:10 AM
Rainmaker
4,571,456
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

You may be right about the instructor testing his class to see if they were paying attention to the lecture.  I wonder if anyone challenged his statement.  

May 25, 2016 09:36 PM
Rainmaker
969,858
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

If it does we are in a world of hurt at 9%. Sound like the broker to be needs more econ studies. 

May 25, 2016 09:33 PM
Rainmaker
7,834,939
Roy Kelley
Retired - Gaithersburg, MD

Nope.

May 25, 2016 08:53 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

No, not anuwhere near that jump in one year.

May 25, 2016 06:55 PM
Rainmaker
1,090,637
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Rates will go up but not that high that fast. I would be interested in knowing the source of his information.

May 25, 2016 04:18 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Susan Laxson - something that we cannot control!

However, people with right frame of mind may not agree with increase to 9 percent.

May 25, 2016 03:09 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Sounds like the Crystal Ball is broken.  Just not likely as this would totally topple or "destabilize" our economy.  Hard to believe.  Sorry! 

May 25, 2016 01:29 PM
Rainer
225,526
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

The instructor does not know what he is talking about. There is a 48% chance of a July rate hike and 35% for June. The best economists can't even agree what is going to happen next month, so how can an instructor predict a rate of 9% by the end of the year. Bottom line, no one, not even the Fed has an idea of what interest raTes will do. We all know rates will go up this year, the question is by how much? My guess is that we will still have rates in the fours by the end of the year, but again, it's only a guess 

May 25, 2016 12:03 PM
Rainmaker
3,340,443
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

What crystal ball did that forecast come from ?  Sounds like one fogged to me !

May 25, 2016 09:25 AM
Rainer
417,071
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Nope, no not in 2016 or 2017. We are more like Japan with 0 rates and no economy. 2016 October 29 - rate dip, 2016 Christmas rates in the low 5's 2017 Christmas rates 5.25% range in the big picture REALLY cheap

May 25, 2016 08:24 AM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Look at Venezuela.  Their once vibrant economy is totally destroyed. 

    Anything is possible.

May 25, 2016 06:26 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I doubt they will hike it so high so fast. But well....some people just talk.

May 25, 2016 05:15 AM
Rainmaker
797,457
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

No I can't imagine that big a jump.

May 25, 2016 04:48 AM
Ambassador
5,048,708
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Must be some crystal ball that instructor has. I wonder what the MBA would think?

May 25, 2016 04:45 AM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I'm not feeling it Susan, not even a little bit.

May 25, 2016 04:42 AM
Rainer
77,119
Sandra Steele
Wise Choice Properties, Sedona/Verde Valley Branch - Cottonwood, AZ
Integrity, Knowledge - 37 Years of Experience!!!

He must be able to read the future.  I cannot do that, but I do feel the at rates will increase down the road.

May 25, 2016 04:37 AM
Rainmaker
5,215,388
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

You can't fix stupid!

May 26, 2016 12:08 AM
Rainmaker
989,552
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

That doesn't sound right at all - too much of a jump - unless the Feds want everyone in the country to be on the unemployment line and homeless I don't see this happening

Then again - our fed goverment is not known for making "smart" decisions

May 25, 2016 10:29 PM
Rainmaker
5,104,806
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yeah, right! When pigs will fly.

May 25, 2016 09:39 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

May 25, 2016 09:36 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Sharon, I remember when I bought my first place and they were at 18%.  Anything can happen.

May 25, 2016 02:25 PM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

My old purchase contract says 13.5% APR.... So ?

May 25, 2016 09:34 AM
Rainmaker
3,626,530
James Dray
Fathom Realty - Bentonville, AR

My gut reaction would be no way, however knowing the government it wouldn't surprise me

May 25, 2016 05:41 AM
Rainmaker
1,725,896
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

I don't ride a broom , nor peer into a crystal ball. Our industry is reactive and we have no control over interest rates, so why lose sleep over it?

May 25, 2016 05:23 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

Interest rates depend on many factors.  I see some loans and credit products with interest rates exceeding 9% in today's market.

May 25, 2016 04:55 AM
Ambassador
2,160,948
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

I doubt it. At least not here. 

May 25, 2016 04:45 AM
Rainer
30,802
Mike Martell
Gateway Mortgage Group - Glendale, AZ
Mortgage Loan Originator in Arizona NMLS#1290123

I am afraid if he made such a statement, I would have dropped out and switched to a school where there is no crystal ball stating where rates will be. So far he couldn't be more wrong as we near historic lows. No one knows for sure where rates will go but there is only so much more they can go down before you make money from the negative interest rate and we all know that will not happen....but, the sky is the limit as to where they can climb to.

Aug 10, 2016 05:15 AM
Rainmaker
466,553
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Good morning Susan Laxson,

No, unless he has the authority to raise himself.

May 29, 2016 11:19 PM
Rainmaker
2,707,721
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Susan Laxson in an election year?  No way, the instructor was

a)  joking

b)  checking to see who was awake in class

c)  not living in reality

May 28, 2016 12:44 PM
Rainmaker
1,502,848
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

9% interest rates?  Only if the fed wants to kill the economy!  The smart money is worried that we'll go to negative rates like some euorpean countries have already!

May 26, 2016 05:07 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

No way and no how... it would put us in a depression. The current prez may hate America but the fed controls this not his phone and pen. 

May 25, 2016 10:54 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

I don't think so - but what do I know!

May 25, 2016 10:37 PM