The good money is going to be made where the money is. A lot of the swapping-up has already happened.
More Quotes from Amy Cutts:
Even with rising mortgage rates over the last four weeks, 30-year fixed-rate mortgage rates remain an historical bargain. To date, contract rates for these mortgages have been below 6 percent for 31 weeks in a row, and we don't expect these rates will rise very much above 6-14 percent by year end.Amy Cutts
If they sold their house today, they would still get more money than they paid for it. But they won't be able to buy as many goods and services as they could before.
Amy Cutts
Part of the purchasing decision for buying a house is an expectation of what housing prices are going to do in the future. It's true that houses are getting more and more expensive, but people are increasing their wealth in ways we haven't seen in a while.
Amy Cutts
It is something that we are paying attention to very closely.
Amy Cutts
The bond markets got a little ahead of themselves, causing yields to rise too quickly over the past few weeks. This week saw a bit of a correction and mortgage rates fell for the first time in eight weeks. Continued volatility in financial markets, however, will keep rates teetering up and down for some time to come.
Amy Cutts
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Based on Topics: Money & Wealth QuotesWe learn from our gardens to deal with the most urgent question of the time: How much is enough?
Wendell Berry
Retiring is just practicing up to be dead. That doesn't take any practice.
Will Harvey
When you take a pitch and line it somewhere, it's like you've thought of something and put it there with beautiful clarity.
Reggie Jackson