Agree, I don’t think anyone is saying there wouldn’t be any softening of price, just that that actual drop would not be that significant. I would imagine the 12.5% that paid less than the 20% down would be the % affected. How many of the 20% down folks only just happen to have 20%?
Another issue is right now the jumbo market isn’t as well developed. Once there is a need shown, there will likely be a lot more jumbo products out there to further soften the impact. Afterall, this segment of the market is prob safer for the lending industry.
