What are your housing market predictions at the mid-year point of 2006? Call any market; local, regional or global. This thread will be forwarded through the holiday weekend.

Or this from the topics thread. "How about: Mortgage Rate Predictions For January 1st, 2007."

A reply, "I’m already giving myself a little pat on the back for the prediction of a 7% 30yr rate by July. All of my LO’s thought I was crazy last winter. I think we’ll hover between 7.0%-7.5% for remainder of the year, but cracking 8% wouldn’t surprise me."

Another said, "Why does this matter? Doesn’t everyone buy with I/O ARMs these days? In fact, other than the super-rich, can anyone in California coastal communities conceivably buy with a 30yr fixed?"

An answer, "Excellent point, but where it’s at at any given time does seem to have it’s psychological effect. I agree with you, though. One of my LO’s made a comment the other day about the 30yr, and my response was to ask her when was the last time she did a 30yr fixed purchase. She just kind of stared at me a few moment."