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[Silverback]

looks like interest rates are on the rise right now too. Did you get locked in at 3.5%?

They've gone up almost a quarter of a point in the last week or so

[jakesford]

I'm seriously contemplating selling my house with the current market. In our neighborhood, we went from having a dozen houses on the market to 1 within 3 months. The problem is I bought in a "starter home" type neighborhood, and I know that I will never see much appreciation... Might be worth getting out while it is hot.

[slow99]

looks like interest rates are on the rise right now too. Did you get locked in at 3.5%?

They've gone up almost a quarter of a point in the last week or so

Yep, 10 Y Treasury:

May 1. 1.64%
May 8. 1.76%
May 15. 1.95%

[Ratt]

looks like interest rates are on the rise right now too. Did you get locked in at 3.5%?

They've gone up almost a quarter of a point in the last week or so

I don't think so. This is the only reason we are in any sort of hurry at the moment.

[SVT Lurch]

looks like interest rates are on the rise right now too. Did you get locked in at 3.5%?

They've gone up almost a quarter of a point in the last week or so

They already rose.

[AdamLX]

Yep, 10 Y Treasury:

May 1. 1.64%
May 8. 1.76%
May 15. 1.95%

And with the Fed discussing an exit strategy on dumping billions into the market the party will slowly come to an end. Get in where you fit in.

They already rose.

Yep, quickly too.

[lowthreeohz]

Got a job offer to move to our technical hub, so i'll be in the market for a house in the next few months. if anyone feels like giving me a hand with the process or at least shit to watch out for, i'd be much indebted. this will be my first house purchase. How do you guys feel the rates will fare over the next few months? I have corporate housing as an option, but would prefer to stay faaaar away from that mess.

[sc281]

I'm seriously contemplating selling my house with the current market. In our neighborhood, we went from having a dozen houses on the market to 1 within 3 months. The problem is I bought in a "starter home" type neighborhood, and I know that I will never see much appreciation... Might be worth getting out while it is hot.

I'm looking to do the same here in about two months.

[Ratt]

Got a job offer to move to our technical hub, so i'll be in the market for a house in the next few months. if anyone feels like giving me a hand with the process or at least shit to watch out for, i'd be much indebted. this will be my first house purchase. How do you guys feel the rates will fare over the next few months? I have corporate housing as an option, but would prefer to stay faaaar away from that mess.

If you can afford a house, buy one now, rates are only going up, which will drive demand.

All the ones we saw today were overpriced by at least 10K, and all had offers for "over asking price" according to the sellers' realtors. Bullshit.

[AdamLX]

Got a job offer to move to our technical hub, so i'll be in the market for a house in the next few months. if anyone feels like giving me a hand with the process or at least shit to watch out for, i'd be much indebted. this will be my first house purchase. How do you guys feel the rates will fare over the next few months? I have corporate housing as an option, but would prefer to stay faaaar away from that mess.

Kyle, ask if they offer any relocation packages if you are going to be moving any real distance.

[03mustangdude]

If you can afford a house, buy one now, rates are only going up, which will drive demand.

All the ones we saw today were overpriced by at least 10K, and all had offers for "over asking price" according to the sellers' realtors. Bullshit.

if they had "offers" they wouldn't be shown they would be under contract.

[Silverback]

if they had "offers" they wouldn't be shown they would be under contract.

That's not true at all, and bad info.

One of the houses we put an offer on, held out for 3 days and took multiple offers.

Another in Allen had four offers in a six hour period the day it hit the market.

The winning offer was well over asking price on both.

[slow99]

If you can afford a house, buy one now, rates are only going up, which will drive demand.

All the ones we saw today were overpriced by at least 10K, and all had offers for "over asking price" according to the sellers' realtors. Bullshit.

Need clarification on higher rates driving demand comment.

[sc281]

Need clarification on higher rates driving demand comment.

Lol.

He may mean people's anticipation of higher rates will drive demand, but I dunno.

[Silverback]

Need clarification on higher rates driving demand comment.

I think he means if rates start to rise more, people who want to buy will rush to buy before they increase too much?