Yesterday the Seattle Times ran a syndicated Associated Press piece that came across to me as especially over-the-top…
Tag: Interest Rates
Do Rising Interest Rates Lead to Falling Home Prices?
Yesterday a reader asked: I was wondering if you could write a post sometime on the relationship between interest rates and home prices (or direct me to a previous post if you’ve already done this). My husband is feeling pressured to buy a home within the next couple of months b/c he thinks interest rates…
What the Heck is the Affordability Index, Anyway?
Seattle Times business reporter Eric Pryne quoted me yesterday in his article about the affordability index, and as I was reading through the comments posted at the Seattle Times website, I noticed an awful lot of misconceptions about what the affordability index is, and what it tells us. So, I thought maybe it would be…
The Consequences of a Market Full of Monthly Payment Buyers
Here’s a brief quote from a post that appeared here in 2006 titled The Monthly Payment Buyer: In my opinion, it’s no wonder that home prices have gotten so out of whack with true fundamentals, when the first question someone asks in the home buying process is not “Is this house worth $XXX,000?” but rather…
Mortgage Market “Seized Up”
There’s been a lot of chatter since yesterday afternoon about treasury rates, mortgage rates, the yield curve, and so forth—and for good reason. Here’s a good write-up from Mish’s Global Economic Trend Analysis on what’s going on: Mortgage Market Locks Up Yesterday 10 year treasury yields went soaring and the mortgage market literally seized up….