House prices are up 4-5% since January....Yeah, these higher rates are solving the problem....
Anyone with half a brain can tell the exact opposite is what will bring about price stability...
Simple economics people....you can't have a bubble where there is lack of inventory. And to all the people who think they are going to scoop up some deals due to foreclosures....it ain't happening because they are already spoken for according to 3 lenders that I have spoken with.
Yup the banks are going to do Deed In Lieu and ALREADY have agreements with the "Big Boys" who are going to lap them up to replace bonds in their portfolios....Mom and Pop investors and personal buyers will never even get a chance.
Better drop that 10yr to about 2.5 like in the next 2 months or this will only get worse.