Not sure if you have followed TG’s posts..
He has no intention of buying where he is right now..
It’s only a Motel 6 stop in his travels. He’ll be checking out soon.
His landlord is apparently heading to FC..
TG was asking about other REO opportunities vs. buying new from builder. He wants his next move to be his Hilton, with or without Paris or Nicky.
I really don’t like to predict rate moves, but I don’t think there will be another 50bp move close to 5% again.
Election year, weak dollar, etc. I think that we may not see a 4.50% 10YR in 2008, but the way the govt is manipulating things, they could have an influence.
I think it will stay within 25bps of 4.10% + or –
with 30 YR conforming between 5.75% and 6.25% at par.
