assumable loans in high interest environment

[Scarlett]

You may not see assumptions nowadays because the rates are so low. The realtors & brokers here, if they’ve been in the field for more than 20 years can tell you if they’ve seen many assumptions in the past, when the rates were really high.

You may see, however a larger number of assumptions in a few years when/if the rates for conventionals FRM go through the roof – when people who bought in the last year or two are selling…

[scaredyclassic]

thanks for the newspaper article; that clarifies the issues for me. looks like it is probably best as a short term hedge against spiking interest rates.

[scaredyclassic]

thanks for the newspaper article; that clarifies the issues for me. looks like it is probably best as a short term hedge against spiking interest rates.

[scaredyclassic]

thanks for the newspaper article; that clarifies the issues for me. looks like it is probably best as a short term hedge against spiking interest rates.

[scaredyclassic]

thanks for the newspaper article; that clarifies the issues for me. looks like it is probably best as a short term hedge against spiking interest rates.

[scaredyclassic]

thanks for the newspaper article; that clarifies the issues for me. looks like it is probably best as a short term hedge against spiking interest rates.

[scaredyclassic]

another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.

[scaredyclassic]

another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.

[scaredyclassic]

another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.

[scaredyclassic]

another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.

[scaredyclassic]

another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

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