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Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The stock market loved it. Buyers are hating it. I had a flurry of calls and those buyers who cant buy now are really worried. I hope it does not put the brakes on the market come summer when she raises it again. 

Mar 15, 2017 04:46 PM
Ambassador
1,074,141
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, 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

I don't think the move on rate is good or bad for the economy, but certainly indicative of a good economy, at least superficially.  I still fear that home values outpaced wage increases too much over the past several years that could trigger a reversal & ripple effect through the economy, but for now, things look good near-term.

Mar 15, 2017 03:29 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We'll have to wait and see - higher priced homes with higher interest rates will cause a problem with affordability, that's one reason I'm not thrilled with how high our prices have gotten around here. -Kasey

Mar 15, 2017 03:14 PM
Ambassador
5,032,891
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I suspect it might worry some buyers, and sellers, but I understand the mortgage rates actually improved, at least for now, but more bumps up will have an impact on affordability

Mar 15, 2017 02:23 PM
Rainmaker
409,103
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

As long as renting is more expensive than buying, I am not concerned as it directly relates to real estate.

Mar 15, 2017 11:15 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Fred Griffin - that was almost my question, too - and I believe, there will be minimal impact on mortgage rate.

Whereas in the mindset of the buyers will be - let's get going - soon!

Mar 15, 2017 10:52 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

We knew this was coming so no surprise at all. Buyers will still buy and if it continues to go up they will just buy less.

Mar 15, 2017 08:26 PM
Rainmaker
1,530,665
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I defer to Ken Jones 

Mar 15, 2017 08:16 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I have been so busy, I had no idea,  A

Mar 15, 2017 05:11 PM
Rainmaker
4,900,520
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

To soon to tell ask me in a month.

 

Mar 15, 2017 04:31 PM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

The market hasn't slowed down in Dallas and since the interest rate is still considered low people are still buying.

Mar 15, 2017 02:38 PM
Rainmaker
1,619,191
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

It might affect first time or entry price level buyers. The interest rate is still low, comparing to historical data. 

Mar 15, 2017 02:22 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The belief that it was coming already got pendings sales up. It is not enough to spoil the ROI on investments but if it keeps going up then rental rates will increase with fewer buyers in your lower price ranges.

Mar 15, 2017 02:18 PM
Rainmaker
707,132
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It should up mortgage rates, which in turn will make it even more difficult for our first time homeowners to purchase, given our escalating home prices.

Mar 15, 2017 02:17 PM
Rainmaker
1,840,036
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I still say the market is still too fragile for this kind of crap. Once it stalls out it will take months to get it going again.

Mar 15, 2017 01:52 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

a quarter of a percent won't change much but the continued increases since and expected likely will begin to change things

Feb 20, 2018 05:36 PM
Rainmaker
760,523
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

The rate change usually slows things down for about a month.  However of late the rising rates have ignited those complacent into action.  Fear of missing out is driving people.  The Millennials are finally getting the message that home ownership is a good thing.

Mar 17, 2017 10:26 PM
Rainmaker
5,849,723
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I did hear this, but have not seen any change in consumer thoughts toward real estate so far.

Mar 17, 2017 06:21 AM
Rainmaker
2,169,588
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Variable rate loans will head upward

Mar 16, 2017 03:28 AM
Ambassador
6,355,186
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

if they are affected by this then they were not that serious to start with.

Mar 16, 2017 12:21 AM
Rainmaker
4,554,033
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Time will tell and as usual, it's not spilling the beans.  

Mar 16, 2017 12:09 AM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It will not be much

Mar 15, 2017 08:09 PM
Ambassador
3,339,374
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Only time will tell.  I bought my first home when interest rates were 12+%. The home I purchased with my husband in 1979 (I believe) rates were 21+%. Adjustments happen. 

Mar 15, 2017 06:28 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Only time will tell.

Mar 15, 2017 03:32 PM
Rainmaker
897,948
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

From what I understand, it's not the last. Clearly, borrowing will be more expensive, impacting affordability. CT market has not really stabilized yet.

Mar 15, 2017 02:09 PM
Rainmaker
2,775,731
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Morale is up. The giant is awakening...Good for America

Mar 15, 2017 02:06 PM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

people are still buying homes

Mar 19, 2017 05:34 AM
Rainmaker
1,498,388
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Good for the economy because they need to be able to drop the rate from somewhere if the economy needs a boost.  I don't think it'll have much impact on the market, it's not like it's going up 1% or more.

Mar 16, 2017 10:40 AM
Rainmaker
987,152
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Gives me an opportunity to get those waiting for the rate to go down to buy!

IMO good for all of us!

Mar 16, 2017 09:38 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Hi Fred, I think this will get those clients that were on the fence make a decision to purchase/sell before mortgage rates go up again.

Mar 16, 2017 07:26 AM
Rainmaker
1,722,826
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Great for the stock market. Generally will not affect the client base I work.

Mar 16, 2017 06:59 AM
Rainmaker
7,792,454
Roy Kelley
Retired - Gaithersburg, MD

More buyers will recognize the need to lock in rates.

Mar 16, 2017 06:13 AM
Rainmaker
811,953
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Anything under 6% is still a deal!

Mar 16, 2017 04:45 AM
Rainmaker
5,096,366
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Since the Fed announced their intent to raise raise a few weeks ago, I believe the markets had already absorbed this information and factored it into their rates and thinking. Hopefully, this will get some fence sitters off that darn fence.

Mar 16, 2017 04:01 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

We need to see if the Bank of Canada reacts and if the banks and other lenders who service the local area react.

Mar 15, 2017 03:50 PM