30-year mortgage rate rises to 4.53% from 4.48%

[Big Money]

Will liberals blame Bush, the GOP, or forces beyond government control?

Perhaps "corporate greed"?


30-year mortgage rate rises to 4.53% from 4.48%

http://www.latimes.com/business/money/la-fi-mo-freddie-mac-mortgage-rates-20140102,0,162082.story#ixzz2pGkWsYLi

 

[Bonestorm]

Didn't read the OP because I have him on ignore, but:

 

[Big Money]

So liberals will pretend rising mortgage rates are no big deal?

 

[Bonestorm]

Also, too, I didn't read the response, but I'd just point out for the record that the policies that the right-wingers would like the FED to pursue would result in substantially higher mortgage rates so . . .

 

[Althea]

Mortgage rates should rise...along with all interest rates.

 

[Bonestorm]

Mortgage rates should rise...along with all interest rates.

Well, yeah, it's just a matter of by how much and when. Now isn't really a good time for it.

 

[cawacko]

Well, yeah, it's just a matter of by how much and when. Now isn't really a good time for it.

When would you deem an appropriate time for rates to rise?

 

[Jarod]

Rising mortgage rates from the current levels are actually a good thing. I would not want them to go past 7.5 or 8%, but they have been too low for a while.

 

[Bonestorm]

When would you deem an appropriate time for rates to rise?

Full employment.

 

[Bonestorm]

Rising mortgage rates from the current levels are actually a good thing. I would not want them to go past 7.5 or 8%, but they have been too low for a while.

By what economic metric have they been too low?

 

[Jarod]

By what economic metric have they been too low?

The low M rates have led to an overheated housing market, that has increased too rapidly in the last year for my comfort. I prefer a slow steady 6-9% increase for sustained growth.

 

[Bonestorm]

The low M rates have led to an overheated housing market, that has increased too rapidly in the last year for my comfort. I prefer a slow steady 6-9% increase for sustained growth.

 

[Bonestorm]

A longer view:

 

[cawacko]

Should our goal be to reach those 2006 levels again?

 

[Bonestorm]

Should our goal be to reach those 2006 levels again?

Well, eventually, yes. If you look at the longer view, we're still faily well below the pre-bubble trend line.

 

[Jarod]

Should our goal be to reach those 2006 levels again?

Sure and to surpass them, but over a longer period of time and in a more realistic way.
Its the rate of increase that frightens me and that leads to a crash.

 

[Big Money]

LOL, liberals keep dodging the question.

I wonder what they would've said if rates had risen before Jan. 21, 2009?

 

[cawacko]

Full employment.

What do you consider full employment?

 

[Bonestorm]

What do you consider full employment?

6% unemployment would be good enough.

 

[Big Money]

6% unemployment would be good enough.

It would?

How's Obama doing on that?