Since Fed would control inflation, longer term there won’t be inflation which means lower yields of 10-year Treasuries and hence lower mortgage rates, buy now or regret later because house prices would be going up even more!
Ofc, short term rates are up.
Just spoke with a loan agent from LA working with loan depot on refinance options. He says there’s been huge lay offs in other lending companies for the past 2 weeks due to lower home purchases and anticipation of high rate.
Make sense… They add workers quickly and let them go when things slow down. Boom bust constantly.
Hopefully I’ll wrap up a refi before end of month. I only did 4 so far this year. Maybe I’ll another start another this month if I get my shit together.
Posted 19 days ago…
All in Austin suburbs beside the 2 in Cupertino?
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You are a source of inspiration for all.
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But probably lost more due to inflation.
If you don’t save money, you won’t lose much.
Why is this surprising? It just seems to be one more example of the old game of lowball list price, followed by bidding war. Lots of houses in the Bay Area will sell for $1M above list, if the listing price is super low.,
But the headline says that the agents were stunned. Surely these agents know the game better than me. Very bad of them to feign surprise for the media…
Agents are also show guys 
Some agents do know better. But, most just make a living by selling homes just like insurance agents and car salesman do. Their understanding of housing market is just as good as the car salesman who cannot tell where the water pump is installed.