Dec 2, 2016
If Mortgage Rates Keep Rising Real Estate Prices Will Drop 20 to 30%
Mortgage rates can certainly keep rising. I would not be surprised to see the rate north of 5 percent by the time of Trump`s inauguration and maybe we can be at 6 percent or more early next year. I think we will have a 20 to 30 percent decline in real estate prices if mortgage rates are at 6 percent and what is that going to do to the banks? (Bank of America (BAC), Goldman Sachs (GS), J.P. Morgan (JPM), citigroup (C), Wells Fargo (WFC), Deutsche Bank AG (USA)(NYSE:DB))
at 6:50 AM
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