I appreciate your comments and the fact that you responded to the topic of the post. You are the only 2 to actually comment on what was posted.
Bugs, I don’t disagree that sales are falling and that this will be a horrible year for sales, price declines and that rising interest rates will be a catalyst.
What I take issue with is someone throwing out a comment and people jumping all over it before investigating validity. It does not take long for anyone to realize the tenor of the comments here and to drive the spirit with comments that may not be true. I just happened to be able to speak on the topic yesterday, but I wonder how many more pieces of information are being tossed around that just may not be the truth.
Perry, agreed that qualifying is 9/10ths of the story. I was able to use points to buy-down the rate and our high credit score helped, but keep in mind it’s still a reduced doc loan which by all accounts should be through the roof now.
Again, I appreciate watching the dialogue on this board and find most to be knowledgable — however, be careful to not just take what’s thrown out here as truth.
