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Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

I expect mortgage rates to rise. Any government report needs to be discounted as misleading and the numbers are always slanted in favor of the sitting administration.

Jun 05, 2015 01:13 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Brian,

Given the number of unemployed, 280,000 seens like a drop in the bucket, it is positive but not enough.  On the subject of rates, predictions have been the last three years that the Fed will raise rates, and they still have not.  A

Jun 05, 2015 02:44 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

With inflation rated at about 1% with the target at 2.2% it doesn't have that much of an effect.

Jun 05, 2015 12:42 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 think the numbers are not real, they have been massaged so much and we know from being in the trenches that though people may be working, wages are much lower. 

Jun 05, 2015 12:35 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

It will be positive.

Feb 02, 2019 08:33 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I feel the rates goin gup will be good in the long run...there are people with savings that are not spending becuase they are not making anything on the money

Jun 05, 2015 09:31 AM
Rainmaker
38,609
Holleay Parcker - Spinnaker Realty - Serving Clients From Corolla to Hatteras
SPINNAKER REALTY LLC - Kitty Hawk, NC
With 14 Yrs Experience in Outer Banks Real Estate

Wait three weeks and on page 92 of the paper you'll see the jobs number has been 'adjusted'.  That number will be less than today's advertised (ie, artificially inflated) figure...

It isn't just the high number of unemployed and under employed people here in the US, it is the fact that the economy globally is stuttering...so much so, that in a pretty unusual move, the IMF just today asked the Fed to delay its first interest rate hike until the first half of 2016.

Sure, one day mortgage rates will rise - but the economy will have to be in MUCH better shape than it is today in order to absorb the effects of rising rates.

 

Jun 05, 2015 05:05 AM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

One report isn't going to make a big difference in the long term. I think the inflation rate is a more significant factor in any action the Fed will take and it is still low.

Jun 05, 2015 04:43 AM
Rainmaker
212,755
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

As always very misleading. It's still not good with how many people are unemployed and with what seems like more and more cities doing the $15 minimum wage I'm sure jobs will be lost again in the future.

Jun 05, 2015 02:56 AM