[quote=hmc]I guess people just forget about things in a matter of 2 years…
In many cases, people who bought their homes in early 2009 and refinanced late last year (around Oct) have absolutely life-time deals, in my opinion.[/quote]
hmc, I agree that early 2009 WAS the bottom for “traditional sales.” However, since then, many buyers have been able to purchase under market from VERY motivated sellers, seller/lenders selling short (after a l-o-o-ong escrow) and in purchasing REOs which did not attract a lot of attention/bids.
I also don’t believe we’ll ever see again the 3% 15-yr fix program we saw in Q4 of 2010.
