Zillow Advice: Home Buying - interest rate is going up? http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ Zillow Advice | Zillow Real Estate I've been saying for months ... http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ I've been saying for months that the interest rates in September and October are going to DROP due to "Federal Budget" approval process for 2014 (beginning 10/1/13), and the "Debt Ceiling Debate" (borrowing limit reached approximately the middle of October)...<br/><br/>We haven't reached what I predicted as the "low" yet, but then the time-frame I gave for the prediction hasn't expired yet either:<br/><img src="http://photos3.zillow.com/o_a/ISliky1g0atcr80000000000.jpg"/><br/><br/>Anyone can read the signs of the times if they ignore the "talking heads" marketing propaganda.<br/> Mon, 30 Sep 2013 04:02:00 GMT http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ 2013-09-30T04:02:00Z Do you tell them to ask the ... http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ Do you tell them to ask the lender?&nbsp; Sun, 29 Sep 2013 22:15:00 GMT http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ 2013-09-29T22:15:00Z That is a tough statement ... http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ That is a tough statement to answer. I don't know? Is it! The real issue is, does it matter and how much does it matter too much! Eventually, interest rate will do both things.<br/><br/>Home ownership should require a license?! Sun, 29 Sep 2013 19:53:00 GMT http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ 2013-09-29T19:53:00Z "No one can predict the future"This ... http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ "No one can predict the future"<br/>This might be true, but, it's also better to do more than just guess, or, to waste&nbsp; good money over a long period of time simply from not having a clue of what's 'projected' to happen in the future.<br/><br/>Bronson Brice<br/>The Interest Rate Solution Sun, 29 Sep 2013 19:30:00 GMT http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ 2013-09-29T19:30:00Z No one can predict the future ... http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ <p class="ecxmsonormal">No one can predict the future -- they can try.&nbsp; The best advice is to know the market you're buying in now.&nbsp;&nbsp; Explore worst case scenarios before making a purchase,&nbsp;regarding interest rates -- rates increasing and possible prices of homes going down or values not appreciating one day.&nbsp; Stay realistic even though the interest rates are going up they are still a lot lower than they were when I started real estate so take advantage of them as long as you can afford to own a home!</p><p class="ecxmsonormal">&nbsp;&nbsp;</p> Sat, 28 Sep 2013 00:35:00 GMT http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ 2013-09-28T00:35:00Z Tell me what is the effect ... http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ Tell me what is the effect of the interest rate in your market? How much will houses drop in price if the interest rate rises 1, 2 or 3% to more traditional levels? Will the affordability of your market decrease leading to an oversupply of listings to buyers? Fri, 27 Sep 2013 23:20:00 GMT http://www.zillow.com/advice-thread/interest-rate-is-going-up/513243/ 2013-09-27T23:20:00Z