Lawrence Yun Quotes

A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM).

- Lawrence Yun

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Affect | Year | Fixed | Mortgage | Rate |

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I feel comfortable with that, although 40 percent would be in the upper end of possibility. As for the lower end, getting double-digit appreciation will be an easy task for Seattle. - Lawrence Yun

The strong rise in prices cut into affordability, even with the low rates. - Lawrence Yun

Prices have doubled in some Florida markets over the past four or five years, so the 10 percent increase we're forecasting for the state this year might seem kind of small compared to recent trends. - Lawrence Yun