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  • March 2, 2009 at 10:03 AM #15199
    sdrealtor
    Participant

    Just bumped into a loan broker that is pretty well connected. He said the Super Conforming loan limits are about to go back up to $697K and that they are getting ready to roll out the pricing engines for them in the next 2 to 3 weeks. Not that it will save the market but it does seem to be arriving just in time to add a little strength to the market up to $900K this Spring.

    March 2, 2009 at 11:14 AM #358420
    macromaniac
    Participant

    sdrealtor,

    I already talked about this over two weeks ago here on this forum. Ask him about the HITS on the super conforming loan rates over 417K. This will not help much of anything as the rates are sky high…

    If you stay under the 417K limit and have an LTV under 70%, Good FICO’s, and its rate and term, then you get good rates…..not to mention no more STATED INCOME all FULL DOC.

    I am optimistic today that asset prices will continue to deflate as they should to get into proper alignment with incomes….

    March 2, 2009 at 11:14 AM #358721
    macromaniac
    Participant

    sdrealtor,

    I already talked about this over two weeks ago here on this forum. Ask him about the HITS on the super conforming loan rates over 417K. This will not help much of anything as the rates are sky high…

    If you stay under the 417K limit and have an LTV under 70%, Good FICO’s, and its rate and term, then you get good rates…..not to mention no more STATED INCOME all FULL DOC.

    I am optimistic today that asset prices will continue to deflate as they should to get into proper alignment with incomes….

    March 2, 2009 at 11:14 AM #358863
    macromaniac
    Participant

    sdrealtor,

    I already talked about this over two weeks ago here on this forum. Ask him about the HITS on the super conforming loan rates over 417K. This will not help much of anything as the rates are sky high…

    If you stay under the 417K limit and have an LTV under 70%, Good FICO’s, and its rate and term, then you get good rates…..not to mention no more STATED INCOME all FULL DOC.

    I am optimistic today that asset prices will continue to deflate as they should to get into proper alignment with incomes….

    March 2, 2009 at 11:14 AM #358897
    macromaniac
    Participant

    sdrealtor,

    I already talked about this over two weeks ago here on this forum. Ask him about the HITS on the super conforming loan rates over 417K. This will not help much of anything as the rates are sky high…

    If you stay under the 417K limit and have an LTV under 70%, Good FICO’s, and its rate and term, then you get good rates…..not to mention no more STATED INCOME all FULL DOC.

    I am optimistic today that asset prices will continue to deflate as they should to get into proper alignment with incomes….

    March 2, 2009 at 11:14 AM #358999
    macromaniac
    Participant

    sdrealtor,

    I already talked about this over two weeks ago here on this forum. Ask him about the HITS on the super conforming loan rates over 417K. This will not help much of anything as the rates are sky high…

    If you stay under the 417K limit and have an LTV under 70%, Good FICO’s, and its rate and term, then you get good rates…..not to mention no more STATED INCOME all FULL DOC.

    I am optimistic today that asset prices will continue to deflate as they should to get into proper alignment with incomes….

    March 4, 2009 at 2:38 PM #358700
    sdrealtor
    Participant

    I agree with the contniued deflation to re-balance asset values with incomes.

    He beleives rates wll be low 5’s. I beleive it will help. This is in no way saying that long term this will save the market. However, claiming this will help no one and have no impact is naive from where I sit.

    March 4, 2009 at 2:38 PM #359002
    sdrealtor
    Participant

    I agree with the contniued deflation to re-balance asset values with incomes.

    He beleives rates wll be low 5’s. I beleive it will help. This is in no way saying that long term this will save the market. However, claiming this will help no one and have no impact is naive from where I sit.

    March 4, 2009 at 2:38 PM #359143
    sdrealtor
    Participant

    I agree with the contniued deflation to re-balance asset values with incomes.

    He beleives rates wll be low 5’s. I beleive it will help. This is in no way saying that long term this will save the market. However, claiming this will help no one and have no impact is naive from where I sit.

    March 4, 2009 at 2:38 PM #359177
    sdrealtor
    Participant

    I agree with the contniued deflation to re-balance asset values with incomes.

    He beleives rates wll be low 5’s. I beleive it will help. This is in no way saying that long term this will save the market. However, claiming this will help no one and have no impact is naive from where I sit.

    March 4, 2009 at 2:38 PM #359281
    sdrealtor
    Participant

    I agree with the contniued deflation to re-balance asset values with incomes.

    He beleives rates wll be low 5’s. I beleive it will help. This is in no way saying that long term this will save the market. However, claiming this will help no one and have no impact is naive from where I sit.

    March 4, 2009 at 2:40 PM #360571
    sdrealtor
    Participant

    OK! They are here! Just got an update:

    FHA loan limits of $697,500 effective immediately for San Diego County. Same for conforming loan limits. Still waiting to hear what rates look like but it will be interesting to see what impact the higher limits have. He said they will be funding the new loan limits as of next week.

    March 4, 2009 at 2:40 PM #360718
    sdrealtor
    Participant

    OK! They are here! Just got an update:

    FHA loan limits of $697,500 effective immediately for San Diego County. Same for conforming loan limits. Still waiting to hear what rates look like but it will be interesting to see what impact the higher limits have. He said they will be funding the new loan limits as of next week.

    March 4, 2009 at 2:40 PM #360609
    sdrealtor
    Participant

    OK! They are here! Just got an update:

    FHA loan limits of $697,500 effective immediately for San Diego County. Same for conforming loan limits. Still waiting to hear what rates look like but it will be interesting to see what impact the higher limits have. He said they will be funding the new loan limits as of next week.

    March 4, 2009 at 2:40 PM #360428
    sdrealtor
    Participant

    OK! They are here! Just got an update:

    FHA loan limits of $697,500 effective immediately for San Diego County. Same for conforming loan limits. Still waiting to hear what rates look like but it will be interesting to see what impact the higher limits have. He said they will be funding the new loan limits as of next week.

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