Mortgage rates falling fast

[GermanTrader]

Quote from gnome:

ANOTHER example of the financially responsible being hosed. First, we have to pay for the bailout of the deadbeats, then we have to pay higher rates because of "conditions"... sheesh!

Sounds like the middle class paying for the criminal class...

 

[Rtrader2525]

Quote from Aaron Copland:

We may gain .50% from all this. This is going to spur demand hum.

We are heading into the fall. Real estate dries up in the winter. Some are calling a bottom in real estate due to a small up tick in sales. That’s all seasonal factors right now. It’s to early to call it.

I think folks will sit on there hands in certin parts of the country were the bubble was biggest. But thats were all the inventory is.

Every time the goverment steprs in to bail out someone it only makes it worse. Just watch over the years how this turns out. The spin now is how great Paulson is. When he is gone and has no more power it will be painted as a mess.

copland has got it right, im in real estate. It is picki9ng up slightly (3 closings in 2 weeks) but fucking slow still. This may bring some of the fence but the banks are still sooooo stringent. And they got rid of 100 percent financing. Which isnt a bad thing imo. But it just really slows sales of the smaller lower end properties. Because how many 22 yr olds that would have bought a house will now put the 5 percent (3 percent for fha) down? Not as many, but oh well c'est la vie. Could be worse, coulda bought that fakeout yesterday

 

[Rtrader2525]

the lady that I do alot of loans with was offering 5.875 yesterday BTW FHA went down to 5.875 too. I had all my clients lock a few weeks ago at 6.5 haha whoops!!!

 

[makloda]

 

[Rtrader2525]

wow

 

[The Kin]

Quote from makloda:

Hahahaha. Detroit needs to be evacuated followed by an A-Bomb dropped from the air.

One of the most sorriest cities in the world. Just look at their mayor.

 

[GermanTrader]

Quote from The Kin:

Hahahaha. Detroit needs to be evacuated followed by an A-Bomb dropped from the air.

One of the most sorriest cities in the world. Just look at their mayor.

No wonder Robocop was based in Detroit.

 

[PohPoh]

Quote from Rtrader2525:

copland has got it right, im in real estate. It is picki9ng up slightly (3 closings in 2 weeks) but fucking slow still. This may bring some of the fence but the banks are still sooooo stringent. And they got rid of 100 percent financing. Which isnt a bad thing imo. But it just really slows sales of the smaller lower end properties. Because how many 22 yr olds that would have bought a house will now put the 5 percent (3 percent for fha) down? Not as many, but oh well c'est la vie. Could be worse, coulda bought that fakeout yesterday

where u located rtrader?

 

[GermanTrader]

Just paid off my last mortgage. PARTY TIME!

 

[Rtrader2525]

Quote from PohPoh:

where u located rtrader?

Cheytown Wyoming, The REAL windy city lol!