Sold My House

[mlyonsd]

Good for you. With interest rates where they are don't wait too long.

[Cjanz]

Originally Posted by mlyonsd

Good for you. With interest rates where they are don't wait too long.

Correct. Rising interest rates are liable to doom economic recovery, and with the slow progression that we've managed to develop there's a good chance we'll be walking backwards very soon. You're looking at a larger threat to budget deficit, which in turn is simply going to exacerbate any further downturn.

Obviously, congratulations on your sell, but as much as it is an imperative to be cautious with your decisions, it's just as important to be aware of what these ridiculous interest rates could actually cause; not just for home-buyers alone but for every citizen struggling with a mortgage. Good luck!

[Ralphy Boy]

Originally Posted by Cjanz

Correct. Rising interest rates are liable to doom economic recovery, and with the slow progression that we've managed to develop there's a good chance we'll be walking backwards very soon. You're looking at a larger threat to budget deficit, which in turn is simply going to exacerbate any further downturn.

Obviously, congratulations on your sell, but as much as it is an imperative to be cautious with your decisions, it's just as important to be aware of what these ridiculous interest rates could actually cause; not just for home-buyers alone but for every citizen struggling with a mortgage. Good luck!

you talk fancy.

[BigRedChief]

Originally Posted by mlyonsd

Good for you. With interest rates where they are don't wait too long.

I heard on the news that mortgage rates have hit an all time low.

[Radar Chief]

Originally Posted by mlyonsd

Good for you. With interest rates where they are don't wait too long.

Agreed but it’s certainly a gamble to buy a house right now, at least that’s what I told Mrs. Radar when we were looking at the house we bought last summer.