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Rainmaker
1,722,726
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Perhaps, but the ecomony is still extremely fragile and will not withstand large , nor regular increases.

Oct 16, 2016 09:53 PM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

When the powers that be decide we will have something to blog about.

Oct 16, 2016 10:31 PM
Rainmaker
4,553,353
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I also agree with the answer provided by Norm - Sandy Padula and Norm Padula, JD, GRI NMLS#1483386.

Oct 16, 2016 09:59 PM
Rainmaker
1,530,276
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

The have already started to rise and on 12/14/16 we'll see what the Fed does. I predict a short drop, followed by a steady climb into the 2nd quarter 2017.

Oct 16, 2016 11:39 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 think they have been low for so long and since they haven't moved substantially in years, it may be a new norm and old models may no longer apply.

Oct 16, 2016 11:28 PM
Ambassador
3,339,204
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

If only I had a crystal ball ... 

Oct 16, 2016 10:54 PM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I hope they stay but everything that drops eventually rises...

Oct 16, 2016 10:02 PM
Rainmaker
1,839,906
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yes I do but they have no other choice in order to keep the economy going. I guess come December they are going to give it another look. I think they will try to make them rise which I'm not sure will work.

My area is still limping along with our inventory suddenly rising over the last 2 months. Doesn't sound like boom town around here.

Oct 16, 2016 09:47 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No with inflation staying low and China's economic problems causing fears of recession. However, a .25 point rise is still on the table.

Oct 16, 2016 09:29 PM
Ambassador
3,160,039
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

nope I don't.  I think a raise in them would crash and burn the market

Oct 17, 2016 03:59 PM
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's not artificial.  It's a reflection of the economy and fiscal policies.  

Oct 17, 2016 02:01 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

If you ask 100 economists this question, you will get 100 answers.  I let the experts with all of the information deal with this type of question.

Alternatively, my crystal ball is on vacation today.

Oct 17, 2016 12:32 AM
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

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 nailed this one!

Oct 16, 2016 11:52 PM
Rainmaker
4,973,993
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I'm with Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 on this one.

Oct 16, 2016 11:00 PM
Rainmaker
7,789,079
Roy Kelley
Retired - Gaithersburg, MD

Yes and it is a good time to take advantage of them.

Oct 16, 2016 10:59 PM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

NO, not artificially low as demand for mortgages is low resulting in low interest rates. After the election if  the dems win, they will spike as the national debt will hit the ceiling. If the GOP wins, you may get a quick bump up as the administration looks to punish the voters however market forced will drive it back down when no one is applying for money

Oct 16, 2016 10:45 PM
Rainmaker
823,379
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

Yes, and there is a tendency to believe that it is political. I think they will go up after the election.

Oct 16, 2016 10:32 PM
Rainmaker
5,191,633
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, but the economy is to fragile to raise them much at this time. We also have to consider our debt load and the effect of higher interest!

Oct 16, 2016 10:26 PM
Ambassador
6,353,602
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

The govt sets the rates, not the market.

Oct 16, 2016 10:23 PM
Rainmaker
3,626,524
James Dray
Fathom Realty - Bentonville, AR

Good morning Buzz.  It all depends IMHO on who is elected.  regardless sooner or later the rates will rise.

Oct 16, 2016 10:04 PM
Rainmaker
1,658,486
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I believe Norm has this one.

Oct 16, 2016 09:57 PM
Rainmaker
2,707,721
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Of course they are and whether they go up depends upon the election outcome.

Oct 18, 2016 01:01 PM
Rainmaker
5,849,089
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 heard they will remain fairly low, as some parts of the Country are not enjoying a strong market yet.

Oct 18, 2016 03:50 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no.

Oct 17, 2016 10:06 PM
Rainmaker
5,096,266
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

They are what they are. They've been what they've been for quite a while now? Will they go up? Probably. When? My crystal ball was broken by a bad fairy a long time ago.

Oct 17, 2016 09:06 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes, very much so

Oct 17, 2016 11:29 AM
Rainer
12,938
Aaron Mtuanwi
LBBM Brokers, Inc - Lawrenceville, GA
INSPIRED TO SERVE Atlanta, GA [Metro Atlanta Area]

I think so. It's been at this range for too long. Kind of, too good to be true. I am sure it will remain same for another year or so

Oct 17, 2016 08:28 AM
Rainmaker
4,272,524
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Indeed! They are creeping up right now! 

Oct 17, 2016 05:50 AM
Rainmaker
1,498,258
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  My money is that they will go up for a few quarters so that if they have to lower them again, they can.

Oct 17, 2016 04:53 AM
Rainmaker
987,052
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Yes I do - hang on to your hat, we're in for a nasty ride

Oct 17, 2016 03:33 AM
Ambassador
5,032,806
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I agree with Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 

Oct 17, 2016 01:48 AM
Rainmaker
897,828
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

They are set by the FED, which is driven by the stregth of the economy.

Oct 17, 2016 01:44 AM
Rainmaker
4,851,571
Richard Weeks
Dallas, TX
REALTOR®, Broker

I think Kenneth Jones gave you a great answer.

Oct 17, 2016 01:33 AM
Rainmaker
1,237,395
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Interest rises benefit the economyin the long run.  Can try "zero" interest on mortgage see if it helps the housing sector...,

Oct 17, 2016 01:20 AM
Rainmaker
1,046,444
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Might we just as well be using Monopoly money? It's all artificial.

Oct 17, 2016 12:41 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Thanks for the Q and interesting discussion back & forth.

Oct 17, 2016 12:23 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Buzz

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 have the answer that I agree with.  On paper we (the US) may look good, but we are definitely in a fragile state.  A

Oct 17, 2016 12:20 AM
Rainmaker
2,775,621
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Without low rates, who could afford this stuff?

Oct 17, 2016 12:08 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Buzz Mackintosh Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 have this one.

Oct 17, 2016 12:08 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I really don't know but for the sake of our business I hope they stay low and never go back to the high rates we saw in the 80's!

Oct 16, 2016 11:57 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

No. Interest rates are low because there are 92 million Americans who are invisible, but known the the government, who are unable to participate in the economy because of the policies they created..

When the Fed raises there rate to above 2% the banks will be compelled to lend rather than rewarded for hording their deposits.

Oct 16, 2016 10:54 PM
Rainmaker
2,350,276
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

yes - and eventually they have to go up - 

Oct 16, 2016 10:43 PM
Rainmaker
4,899,734
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Up, Up up

Oct 19, 2016 05:34 AM