FED scared to death on bond rate hiking which will push the mortgage rate higher.
CoolMax 发表于 2010-4-13 17:12
Ben ever admitted that the end of the MBS purchasing program will impact the market and we have to accept it. I think Ben and Tim care more about Treasuries yield than mortgage rate.
The mortgage rate is already higher by .5% from the low. With the 9+% unemployment, I think the price will start to slide again with all the Fed support gone.
30% may be too bearish, but 10% down is easy.
CoolMax 发表于 2010-4-13 17:21
Those views are all from the buyers side, since rate increase, so price has to drop, since there is no 8K credit, so price has to drop. Think about if you are a seller, what you'll do? Sellers won't want to compensate buyers simply because government and Fed stops to compensate them.
Those views are all from the buyers side, since rate increase, so price has to drop, since ...
Diffusion 发表于 2010-4-13 05:25 PM
Only depends if the buyer willing to pay the price seller ask for.
If not such a stupid buyer in the market, what seller can do.
Lower the price. right? seller has to lower the price to fair market price, not the price seller wishes.
I just provide some information here.
I have no intention to educate any people here. you want to understand the housing market, you need to do your own homework.
I studied US housing market closely for more than 10 years. don't try to educate me please.