The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (6153)	10/19/2002 11:47:08 AM
From: Tradelite	Read Replies (1) of 306849

<<Research firm sees rates dropping further in coming year>> That firm will be very wrong if the stock market contines its current rally, and the predictions I'm hearing are that the rally will continue for a while, whether the economy improves or not. If the economy improves, then interest rates definitely could rise as people flee the bond market. The connection between bond market activity and stock market activity is exactly what can cause an interest-rate whipsaw action for homebuyers, where mortgage rates don't just go up or down daily or weekly, but go up or down HOURLY. All of which is exactly why buying a home SHOULD be based on need and long-range personal plans, not speculation about what interest rates are or will be--and why all homebuying decisions should be based on long-term considerations rather than what the market is doing today, yesterday or next week. My opinion only, based on experience and observation, both of which could be faulty.

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