Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Sun West Mortgage Corporation)

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John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Inflation numbers this month will largely influence where we head from here, but I believe we've got some relief in sight.  It's important to remember thsi jump is coming up from the "COVID-market".  In reality, we're back to early 2019 when rates were at similar levels.  Hopefully the Fed moves reign in inflation, which should bring rates back down.  And when the Fed, being the dummies they are, cause recession in the next 12 months, we'll see rates come down further.  Fingers crossed!

Apr 04, 2022 10:26 AM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Unlike the transitory inflation the current administration announced, it is here to stay for a bit. Gear up, it's going to get worse!

Apr 04, 2022 11:08 AM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

America is heading for a rough ride.   And there may not be a light at the end of the tunnel.  Brace yourselves!

Apr 04, 2022 10:36 AM
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

None of this surprises me - rates are going up.

Apr 04, 2022 09:55 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I got a note from my banker this past week letting me know that it was time to renew a few of my notes, the surprise was that both of them are going up 5 percent.  Sitting down with him this afternoon to see if this can be adjusted or if it is time to pay these off.

Apr 04, 2022 09:36 AM
Rainmaker
989,404
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

I read the other day that the Fed plans six (6) more rate increases in 2022. It's going to get a lot worse so hang on, it's going to be a bumpy ride.

 

Apr 04, 2022 11:37 AM
Rainmaker
1,032,804
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Rates will rise steadily and will have some effect on the Real Estate Market. It's all part of a plan. These things don't happen randomly

Apr 05, 2022 07:47 AM
Rainmaker
558,792
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I still remember interest rates when I bought my first house. We started at 9-3/4 percent.  It was only a few years later and the ARM we had rose to 17%. From the looks of where we are at, it's going to continue to rise -- so hang on tight! Only God Knows!

Apr 04, 2022 02:15 PM
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1,419,064
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My last open was back in December and it was non-stop, could only imagine one today...

Apr 04, 2022 01:29 PM
Rainer
296,191
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I think rate increases are just temporary and they will go back down some.

Apr 04, 2022 10:25 AM
Rainmaker
4,459,726
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

After many years of artificially low rates mortgage rate are beginning to return to normal. Will interest rates banks pay on deposits also rise? All of this at a time when our national leadership is befuddled which exacerbates the situation.

Apr 05, 2022 04:36 AM
Rainmaker
1,332,320
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

LOL, not rougher than a Crash 2007-2012. Not rougher than a Pandemic 2020-2022. We're about to go through economics 101, predicted over a year ago, no shock, no awe and not the biggest rate hike I've seen.

May be an image of text that says 'The Impact of Rising Rates on Home Prices Changes When Mortgage Rates Increase by More Than 1% Start Date End Date Oct 1993 Months Dec 1994 Increase Jan 1996 14 Home Prices Sept 1996 2.38% Oct 1998 8 +3% May 2000 1.2% 19 June 2003 +2% June 2004 1.81% June 2005 12 +13% July 2006 1.06% Nov 2012 13 +13% Dec 2013 1.18% 13 +7% Average 1.11% 13 +11% 1.46% +8%'

Apr 04, 2022 05:52 PM
Rainmaker
728,389
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I think North America is in for a short rough ride. They can't raise them too high or long as we will have people walking away from their homes again.

Apr 04, 2022 05:49 PM
Rainmaker
1,354,173
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I recll a big increase in October, 1987.  Black Monday.  

Apr 04, 2022 05:06 PM
Rainmaker
2,677,058
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Despite the this and that dynamics of the subject matter, this is a great time for sellers to realize/trigger & collect their monster equity gains & for buyers to jump-in, hold-on and ride it to better times called a Real Estate cycle. 

Apr 04, 2022 11:27 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Open houses must be managed. It is absolute mayhem. I am appalled at how some people and their agents behave. 

Apr 05, 2022 09:32 AM
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5,211,147
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have a few buyers, and have seen fewer competing offers over the last couple of weeks.

Apr 05, 2022 06:10 AM
Rainmaker
795,680
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

My buyers are still buying. 

Apr 05, 2022 05:35 AM
Rainmaker
931,757
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Wow, but remember interest rates WAYYYYY higher (like CC % higher) and people camping out for new builds in the OC?

Apr 04, 2022 10:07 AM
Rainmaker
841,232
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Crazy open house numbers! Fed rates are due to go up several more times this year, so that will bring up mortgage rates as well.

Apr 05, 2022 06:31 AM
Rainmaker
682,189
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

hmmm.... true or false... yes or no...how should I answer ???

Apr 08, 2022 08:13 AM