Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (201408)	5/8/2009 10:18:32 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I'll bet anyone here that interest rates are going to be a LOT higher by September. Was at the bank today to do final paperwork for a new fixed rate mortgage. Loan officer congratulated me when we met and I asked why. He said I caught THE low for fixed rates and they were rising a full quarter point on Monday. He was expecting them to continue climbing. I also asked him about CRE. He unofficially confirmed it is a rapidly growing problem at this large regional bank, which I already knew. Gasoline prices are also rising, despite the fact that there is plenty in storage.