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Mortgage rates are rising #8183958 02/25/21 09:42 PM
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fadetoblack64 Offline OP
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Better buy it now................mortgage rates rising and no inventory.


Buy a boat and anchor out around Fort Myers and Sanibel/Captiva or the caloosahtachee river.............holler at me.

Re: Mortgage rates are rising [Re: fadetoblack64] #8183964 02/25/21 09:47 PM
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I'm about to put my house on the market. 2 story house on 5 acres with detached 2 car garage/guest quarters/pool/barn. Am now living above my means and need to get out from under it/need major downsize and a reset in life. I will live out of my 35' RV for a while. Let me know if interested.

Re: Mortgage rates are rising [Re: skinnerback] #8183966 02/25/21 09:51 PM
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fadetoblack64 Offline OP
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Brother do it right freaking now.

Re: Mortgage rates are rising [Re: fadetoblack64] #8183968 02/25/21 09:53 PM
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I'm gonna.

Re: Mortgage rates are rising [Re: fadetoblack64] #8183975 02/25/21 09:57 PM
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Interest rate up. Stock prices will go down. Sell now buy back low.


Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


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Re: Mortgage rates are rising [Re: bill oxner] #8183977 02/25/21 09:59 PM
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fadetoblack64 Offline OP
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Originally Posted by bill oxner
Interest rate up. Stock prices will go down. Sell now buy back low.



Time to sell your house Bill. Top dollar. The best it will ever be right now. You move to Georgia.

Re: Mortgage rates are rising [Re: fadetoblack64] #8183982 02/25/21 10:02 PM
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Originally Posted by fadetoblack64
Better buy it now................mortgage rates rising and no inventory.


Buy a boat and anchor out around Fort Myers and Sanibel/Captiva or the caloosahtachee river.............holler at me.

As are property values. We have been in historic mortgage interest rate lows for years now. Folks are holding on to their low interest rate mortgage, seeing the appreciation (sic property tax valuation) and holding out. But due to COVID and job impact some are selling. Really unfortunate. Be very interesting to see what the Fed Reserve does over the next few months after another couple trillion hits the deficit.


Freedom is a fragile thing ...Those who have known freedom, and then lost it, have never known it again.
-- Ronald Reagan


Re: Mortgage rates are rising [Re: Halfadozen] #8183985 02/25/21 10:06 PM
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fadetoblack64 Offline OP
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They cant stop printing now.................they have to print away the debt.

I see one more run at negative rates in our reserve currency. Then you better be in your happy place

Re: Mortgage rates are rising [Re: fadetoblack64] #8184005 02/25/21 10:28 PM
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We are trying to downsize, but try finding a house in East Frisco or West McKinney (where we want to move) that has a garage deep enough for my 19'+ Ranger. Most won't even fit my 2500 GMC (20' garage vs. 20'4" truck). We have submitted one contract in several months of looking and I was going to have to cut out the garage door to have it fit over my boat tongue.

Just hoping we can sell our house and buy cheap enough where it is no more mortgage anyway.

Re: Mortgage rates are rising [Re: bassfishinglawyer] #8184011 02/25/21 10:33 PM
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fadetoblack64 Offline OP
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Originally Posted by bassfishinglawyer
We are trying to downsize, but try finding a house in East Frisco or West McKinney (where we want to move) that has a garage deep enough for my 19'+ Ranger. Most won't even fit my 2500 GMC (20' garage vs. 20'4" truck). We have submitted one contract in several months of looking and I was going to have to cut out the garage door to have it fit over my boat tongue.

Just hoping we can sell our house and buy cheap enough where it is no more mortgage anyway.



Come to Durant...............I gots a house for you.

Re: Mortgage rates are rising [Re: skinnerback] #8184016 02/25/21 10:36 PM
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Originally Posted by skinnerback
I'm about to put my house on the market. 2 story house on 5 acres with detached 2 car garage/guest quarters/pool/barn. Am now living above my means and need to get out from under it/need major downsize and a reset in life. I will live out of my 35' RV for a while. Let me know if interested.


Good luck Skinner, I hope it sells fast.

Also, mortgage rates aren't the only thing going up...democratic control, this is just the beginning...oh and don't look at gas and diesel either wink


Originally Posted by Phil Robertson
Don't let your ears hear what your eyes didn't see, and don't let your mouth say what your heart doesn't feel
Re: Mortgage rates are rising [Re: Judd] #8184019 02/25/21 10:39 PM
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fadetoblack64 Offline OP
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yep...........real gas at 239 today in Kingston.......jumped 40 cents since end of November.

They said EV car sales would go up 71 percent this year...........now that might mean they just sell 1000 more cars, I don't know.

Re: Mortgage rates are rising [Re: bassfishinglawyer] #8184083 02/25/21 11:50 PM
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Originally Posted by fadetoblack64
yep...........real gas at 239 today in Kingston.......jumped 40 cents since end of November.


I made note on Nov 15th I filled up for 1.57 a gal here in McKinney. That’s an $0.82 increase. Crazy.

As for the housing market, I agree. Extremely low inventory right now. If priced right homes only last a few days and have multiple offers. Some receiving $20-40k over what the banks will lend based on appraisal. It can be hard to have an offer accepted if it’s contingent upon other factors (like selling your current home) because there are so many people wanting in the area who are ready with the cash in hand.

Originally Posted by bassfishinglawyer
We are trying to downsize, but try finding a house in East Frisco or West McKinney (where we want to move) that has a garage deep enough for my 19'+ Ranger.


Just a thought, but have you considered building? Maybe expanding your search a little to include Prosper? I focus on new construction and would be more than happy to try and help you find something. There’s some great new master planned communities just North of 380. Should you get the itch to see what’s out there, here is a link that will show you all the new construction for whatever area you are looking. Good luck, and y’all let me know if I can ever help.

https://www.showingnew.com/greghorn

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