30year fixed mortgage rate cross 5% for the first time since 2011

[mettastar]

Real estate stock market periginattu perigindi

[andhracrazystar]

Any chances of going down in this week or it will keep growing ? When will market balancing happens ?

[Anta Assamey]

4 hours ago, kittaya said:

super bold step... 

house prices ekkada low kaledhu kada

New House construction lo undi ... Last year Oct lo signed... July to handover chestaru...So escaped the huge bump that happened from Oct 21 to Jan 22...

[Anta Assamey]

2 hours ago, mettastar said:

Base price thakkuvaki vasthe .. when interest rates go down you can refinance and your monthly payment goes down .. but konadame high lo konte emcheyalev ..

 

2 hours ago, veerigadu said:

Nuvvu entha seppina vallu vinaru. They think just coz interest rate is 1% high now. They assume it will stay this way for whole 30 years. 

Idigo @kittaya nuvvu konaku illu... Vellu iddaru oppukovatledu...

[mettastar]

7 minutes ago, Anta Assamey said:

 

Idigo @kittaya nuvvu konaku illu... Vellu iddaru oppukovatledu...

Thappadhu 

[kittaya]

11 minutes ago, Anta Assamey said:

 

Idigo @kittaya nuvvu konaku illu... Vellu iddaru oppukovatledu...

@Spartan what is this va.. 

[kittaya]

13 minutes ago, Anta Assamey said:

New House construction lo undi ... Last year Oct lo signed... July to handover chestaru...So escaped the huge bump that happened from Oct 21 to Jan 22...

Congratulations 🎉🎉🎉

[Captain_nd_Coke]

16 minutes ago, Anta Assamey said:

New House construction lo undi ... Last year Oct lo signed... July to handover chestaru...So escaped the huge bump that happened from Oct 21 to Jan 22...

Escaped anakudad vaa you crossed the bump. Basically signed inflated house priced when rates were low, now to close rates jumped high... both sides music.... unfortunately new constructions ki ide prb. That's why many home sales in feb early March were used

[Guest]

26 minutes ago, Anta Assamey said:

New House construction lo undi ... Last year Oct lo signed... July to handover chestaru...So escaped the huge bump that happened from Oct 21 to Jan 22...

Oka 200k periginda 

[Spartan]

 evaraina illu konetappudu they do calculate and know how much they are going to pay and what are the risks right. fall back plan veskuni unnodu konukuntaru or they know what to do if things sont work right.

music scary anta lite 

@mettastar 

[Anta Assamey]

13 minutes ago, Captain_nd_Coke said:

Escaped anakudad vaa you crossed the bump. Basically signed inflated house priced when rates were low, now to close rates jumped high... both sides music.... unfortunately new constructions ki ide prb. That's why many home sales in feb early March were used

Already locked the rate... Builder and Bank vadu oppukunna nuvvu oppukune laga levu ..

[Anta Assamey]

8 minutes ago, Guest said:

Oka 200k periginda 

Oka 10% perigindi ... There will be some more up side as there is more time before the house market crashes if it happens ... even if the house price fall .. I will end up at the price I got it for... simple ...

[Guest]

45 minutes ago, Anta Assamey said:

Oka 10% perigindi ... There will be some more up side as there is more time before the house market crashes if it happens ... even if the house price fall .. I will end up at the price I got it for... simple ...

 

Coo enjoy the ice cream 

[SwamyRaRa]

Ltt

[mettastar]

9 hours ago, Spartan said:

 evaraina illu konetappudu they do calculate and know how much they are going to pay and what are the risks right. fall back plan veskuni unnodu konukuntaru or they know what to do if things sont work right.

music scary anta lite 

@mettastar 

Nenu konadhu ani cheppatle ..

High cost basis at low interest = x monthly payment

Low cost basis at high interest = x monthly payment 

Ivi rendu same kadu antunna .. 

You can always refinance when interest rates go down and your monthly payments come down in second scenario  ..

but in scenario 1 home prices padithe .. negative equity loki velthadi or underwater mortgage aithadi .. if you are palnning to keep the home for long at least 7yrs then shouldnt be a problem .. if not madhyalo ammalsi vasthe loss ..

Im not saying to buy a home or not buy a home or wait .. just two different scenarios chepthunna