Mortgage rates are 7% now

[Sonu_Patel]

- If this continues, likely you will see foreclosure's and debt to income ratio is high. Watch out!

[Skn_benami]

Manollu andaru safe anna. Everyone has $300k in bank balance. 

[DallasBaluKarry]

1 minute ago, Skn_benami said:

Manollu andaru safe anna. Everyone has $300k in bank balance. 

No they used all that in down payment

[DallasBaluKarry]

3 minutes ago, Sonu_Patel said:

- If this continues, likely you will see foreclosure's and debt to income ratio is high. Watch out!

Reyy po ra rey macha

[aimodel]

9 minutes ago, Sonu_Patel said:

- If this continues, likely you will see foreclosure's and debt to income ratio is high. Watch out!

why foreclosure's anna refinance yevvaru cheyyinchadam leadhu kada. 

new buyings hold chestaru or discount chestaru 

[Sonu_Patel]

17 minutes ago, aimodel said:

why foreclosure's anna refinance yevvaru cheyyinchadam leadhu kada. 

new buyings hold chestaru or discount chestaru 

High Interest rates are not good ba.. lets assume some one purchase a property for 800k with 3% APR and If thier outstanding loan amount is 750K and market value for that home is 700k considering the demand/supply with higher interest rates. 

ikkada janaalu nirmohamaatamga foreclose chesi mingutaru. 

[Paamu]

17 minutes ago, Sonu_Patel said:

High Interest rates are not good ba.. lets assume some one purchase a property for 800k with 3% APR and If thier outstanding loan amount is 750K and market value for that home is 700k considering the demand/supply with higher interest rates. 

ikkada janaalu nirmohamaatamga foreclose chesi mingutaru. 

Only if investment property aythe , why do  they do it if primary home and can afford.

[jpismahatma]

18 minutes ago, Sonu_Patel said:

High Interest rates are not good ba.. lets assume some one purchase a property for 800k with 3% APR and If thier outstanding loan amount is 750K and market value for that home is 700k considering the demand/supply with higher interest rates. 

ikkada janaalu nirmohamaatamga foreclose chesi mingutaru. 

Stock market ath. Inka enni dinnalu bro.?

[VictoryTDP]

No way, mana desis ki no dent market and jobs boom boom

[Android_Halwa]

1 hour ago, Sonu_Patel said:

- If this continues, likely you will see foreclosure's and debt to income ratio is high. Watch out!

Recent ga Redfin gadi conference ki ellina and chala mandi lenders were also present there and some of them did express some concerns on foreclosure. Popular markets May with stand but not so popular markets la matram foreclosures avutundochu ani of interest rates stay like this for another 2-3 quarters.