If this were a betting event in vegas I would put money that the conforming jumbos will be extended, especially after the recent sleuth of economic news about how terrible the economy is doing.
This economy thrives on spending. Stop the music chairs, lots of people are going to end up without a seat.
It’s sort of like General Motors that initially said that the “Employee Discount Pricing” for select GM vehicles starting last year…And more recently, this discount was extended to ALL 2008 GM vehicles up to beginning of September (deal should have already expired)…And behold, the “Employee Discount Pricing” has now been magically extended to include now both ALL 2008 and “some” 2009 vehicles. Pretty soon it will be all of 2009 vehicles. (Side note: a ‘Vette Z06 at $10k discount is looking pretty sweet these days….)
