This change takes effect on April 1, 2021 and my mortgage broker said he expects interest rates on these types of loans to spike by 1% or more.

It is typical with a new administration looking to rebound the economy but also slow down the middle class from tapping to much equity at low rates.There was a huge spike in investment property purchases in the last (24) months and that through up a red flag. 

So if you borrow $100k at 2% right now, if interest rates do spike 4-5% in 3 years, then you're going to be paying more interest on your loan balance, which will negatively affect your cash flow.My personal advise under current conditions would be to lock into a fixed low rate for as long as possible.

The NAHB says: "The recent spike in softwood lumber prices has caused the price of an average new single-family home to increase by $16,148 since April 17."

Even with unemployment spiking that does not mean everybody all the sudden does not have money.

May was ok and then in June we saw a spike in travel.

Rents remain competitive, but don't spike.

The rebound in confidence almost certainly reflects a decline in coronavirus cases after a midsummer spike.

It looks like it won't be nearly as bad as 08 since there isn't this massive spike of overbuilding that we saw back then, but a decline is still in the works.Thoughts?

We are very steady at $1.6k-$2k/ton, spiking up to $2.4-$2.6k/ton ifsupply is tighter.