2008 and 2009 were some the years of exotic financing. If the interest rate increase there was a new way to finance right around the corner, ie 105% financing or interest only or Neg Am or….

I’m not a Mortgage finance guy, but I think those days are behind us. The typical ways to get easy money in the form of a mortgage are gone. Cold hard downpayment are the norm again. Interest rates matter a lot more in today environment.