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: GraceZ who wrote (11732)	7/24/2003 11:33:48 AM
From: Jim McMannis	Read Replies (2) of 306849

Long rates just broke out to short term highs. 30 yr mortgage lock today is up over 6% at 6.06%. Should we expect a little mad rush here to get in before the door shuts? Perhaps. Then again some will remain in denial, holding off for lower rates. The only for sure thing is that when there is a large change in trend there is a lot of denial. They had some talking head real estate expert on yesterday saying that it would take upwards of 8% mortgage rates before big crimp on RE occured. Yada Yada Yada.

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