Conforming limit to $700,000?

[LA_Renter]

“Very true. That is however down the road.”

I don’t know about that, this looks like it is happening right out of the gate.

“Potential damage to the “to-be-delivered” (TBA) market — the most actively traded agency mortgage market where investors can buy bonds before they are actually created — prompted Wall Street dealers to call a special meeting with the Securities Industry and Financial Markets Association at 3:30 p.m. Friday, market sources said. A SIFMA spokeswoman would only say the group is in ongoing discussions with its members.

“The amount of money that investors are willing to pay for agency mortgages (bonds) could be lower if these loans are TBA deliverable and so mortgage spreads could widen,” said Ajay Rajadhyaksha, co-head of U.S. fixed income strategy at Barclays Capital in New York, who will listen to the SIFMA meeting by phone.’

Hmmm….maybe somebody should have asked the traders what they thought of this first, don’t you think! This is really cracking me up.

[HereWeGo]

**ahem**

Hey Schizo, how’s that lunch taste?

pw-
I agree completely.

[HereWeGo]

**ahem**

Hey Schizo, how’s that lunch taste?

pw-
I agree completely.

[HereWeGo]

**ahem**

Hey Schizo, how’s that lunch taste?

pw-
I agree completely.

[HereWeGo]

**ahem**

Hey Schizo, how’s that lunch taste?

pw-
I agree completely.

[HereWeGo]

**ahem**

Hey Schizo, how’s that lunch taste?

pw-
I agree completely.

[sd_bear]

Hopefully it does play out this way. I see nothing wrong with interest rates going way up.

Doesn’t it do the following?

1) Craters housing prices so that people can afford monthly payments with high interest rates

2) Lowers property taxes paid since actual house value is lower

3) Makes more of your monthly payment tax deductible since a lot more is going to interest.

[sd_bear]

Hopefully it does play out this way. I see nothing wrong with interest rates going way up.

Doesn’t it do the following?

1) Craters housing prices so that people can afford monthly payments with high interest rates

2) Lowers property taxes paid since actual house value is lower

3) Makes more of your monthly payment tax deductible since a lot more is going to interest.

[sd_bear]

Hopefully it does play out this way. I see nothing wrong with interest rates going way up.

Doesn’t it do the following?

1) Craters housing prices so that people can afford monthly payments with high interest rates

2) Lowers property taxes paid since actual house value is lower

3) Makes more of your monthly payment tax deductible since a lot more is going to interest.

[sd_bear]

Hopefully it does play out this way. I see nothing wrong with interest rates going way up.

Doesn’t it do the following?

1) Craters housing prices so that people can afford monthly payments with high interest rates

2) Lowers property taxes paid since actual house value is lower

3) Makes more of your monthly payment tax deductible since a lot more is going to interest.

[sd_bear]

Hopefully it does play out this way. I see nothing wrong with interest rates going way up.

Doesn’t it do the following?

1) Craters housing prices so that people can afford monthly payments with high interest rates

2) Lowers property taxes paid since actual house value is lower

3) Makes more of your monthly payment tax deductible since a lot more is going to interest.

[patientlywaiting]

LA_Renter, I tend to lean your way. I believe that cost of funds will go higher in the future so but sure to buy your mc mansion and lock-in your cheap mortgage at the opportune time.

The world is talking of decoupling and if that happens, America will have to pay more for our cost of funds. Right now, the world needs to lend to us cheaply so we can buy their stuff.

From my travels around the world, I’m seeing that foreigners are learning to play the free market pretty well and our competitive advantages are disappearing. In the developing world, ideology is giving way to making money.

Info-tech saved us in the 1990s and I sure hope something else big comes along. Green energy? Bio-tech? What will the next bubble be?

Honestly, I think that we need to change our consuming ways and stop the wasteful wars if we want to leave a strong country to our grand-kids.

[patientlywaiting]

LA_Renter, I tend to lean your way. I believe that cost of funds will go higher in the future so but sure to buy your mc mansion and lock-in your cheap mortgage at the opportune time.

The world is talking of decoupling and if that happens, America will have to pay more for our cost of funds. Right now, the world needs to lend to us cheaply so we can buy their stuff.

From my travels around the world, I’m seeing that foreigners are learning to play the free market pretty well and our competitive advantages are disappearing. In the developing world, ideology is giving way to making money.

Info-tech saved us in the 1990s and I sure hope something else big comes along. Green energy? Bio-tech? What will the next bubble be?

Honestly, I think that we need to change our consuming ways and stop the wasteful wars if we want to leave a strong country to our grand-kids.

[patientlywaiting]

LA_Renter, I tend to lean your way. I believe that cost of funds will go higher in the future so but sure to buy your mc mansion and lock-in your cheap mortgage at the opportune time.

The world is talking of decoupling and if that happens, America will have to pay more for our cost of funds. Right now, the world needs to lend to us cheaply so we can buy their stuff.

From my travels around the world, I’m seeing that foreigners are learning to play the free market pretty well and our competitive advantages are disappearing. In the developing world, ideology is giving way to making money.

Info-tech saved us in the 1990s and I sure hope something else big comes along. Green energy? Bio-tech? What will the next bubble be?

Honestly, I think that we need to change our consuming ways and stop the wasteful wars if we want to leave a strong country to our grand-kids.

[patientlywaiting]

LA_Renter, I tend to lean your way. I believe that cost of funds will go higher in the future so but sure to buy your mc mansion and lock-in your cheap mortgage at the opportune time.

The world is talking of decoupling and if that happens, America will have to pay more for our cost of funds. Right now, the world needs to lend to us cheaply so we can buy their stuff.

From my travels around the world, I’m seeing that foreigners are learning to play the free market pretty well and our competitive advantages are disappearing. In the developing world, ideology is giving way to making money.

Info-tech saved us in the 1990s and I sure hope something else big comes along. Green energy? Bio-tech? What will the next bubble be?

Honestly, I think that we need to change our consuming ways and stop the wasteful wars if we want to leave a strong country to our grand-kids.

[Author]

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