Me thinks it's the ATT CEO coming out saying people aren't paying their bills that sort of triggered the end of the day sell off, or at least that's what the news is saying.
Just for fun. I called countrywide to quote me on the best available rates as of today. Person on the phone was actually pretty nice and surprisingly told me to stay put (just checking if they would try to talk me into cashing out equity, etc)
$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%
$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%
Ouch. Wondering when and if conformings drop below 5% will happen
Just wondering how CFC is going to find customers, especially in CA. The only solution (partial) I would say is to steal good customers away from elsewhere. But how?
