Food for thought…Will interest rates rise in 2010? Oh crap, it is 2010!

5 Responses

1. utahcribs

   January 4th, 2010 at 2:36 pm

   1

   Great survey, more people need to know about what is really going on in the Utah Realestate market. People will be shocked when their payment is $300 more just because of rates..

2. Christian Higby

   January 4th, 2010 at 3:05 pm

   2

   I don’t think they will. If they do, I don’t think it will be very drastic.

3. utahcribs

   January 4th, 2010 at 3:12 pm

   3

   Fed has announced most likely interest rates will climb up to a point higher by summer..

   Interest Rates most likely will rise

   Who knows what will happen, but one thing is guaranteed. They will not stay this low forever..

4. Brad Miles

   January 4th, 2010 at 3:15 pm

   4

   I think they’ll be going up this year sadly. I wish they could always be under 5.25% but I just don’t see that happening. Hopefully I’m wrong though…

5. Brad Miles

   January 5th, 2010 at 12:53 pm

   5

   Well the responses are in for the survey!

   63.6% of people answered that “YES” rates will rise
   9.1% of the people answered that “NO” rates won’t rise
   0% answered that “YES they will rise, but I am still waiting and will have a higher monthly payment…”
   27.3% answered “YES, rates will rise and I’m hoping to take advantage right now by finding a home. I feel home prices have bottomed out in Salt Lake”

   Thanks for your interest!