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Coronita.
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March 20, 2010 at 10:40 PM #17235February 12, 2011 at 1:26 PM #665348
sreeb
ParticipantTime goes on. Option ARMs continue to ripen. So have hybrid 1, 3, and 5 years ARMs. I doubt most homeowners have been be able to refinance as either they or their residence won’t qualify.
So far ARM issues have largely out of sight as their index rates have been held at record lows.
This could change radically if interest rates rise which is seeming more likely as price inflation seems to be taking hold and the dollars credit rating continues to deteriorate.
Does anyone have a source for what percentage of current mortgages are now operating in ARM mode?
February 12, 2011 at 1:26 PM #666480sreeb
ParticipantTime goes on. Option ARMs continue to ripen. So have hybrid 1, 3, and 5 years ARMs. I doubt most homeowners have been be able to refinance as either they or their residence won’t qualify.
So far ARM issues have largely out of sight as their index rates have been held at record lows.
This could change radically if interest rates rise which is seeming more likely as price inflation seems to be taking hold and the dollars credit rating continues to deteriorate.
Does anyone have a source for what percentage of current mortgages are now operating in ARM mode?
February 12, 2011 at 1:26 PM #665410sreeb
ParticipantTime goes on. Option ARMs continue to ripen. So have hybrid 1, 3, and 5 years ARMs. I doubt most homeowners have been be able to refinance as either they or their residence won’t qualify.
So far ARM issues have largely out of sight as their index rates have been held at record lows.
This could change radically if interest rates rise which is seeming more likely as price inflation seems to be taking hold and the dollars credit rating continues to deteriorate.
Does anyone have a source for what percentage of current mortgages are now operating in ARM mode?
February 12, 2011 at 1:26 PM #666146sreeb
ParticipantTime goes on. Option ARMs continue to ripen. So have hybrid 1, 3, and 5 years ARMs. I doubt most homeowners have been be able to refinance as either they or their residence won’t qualify.
So far ARM issues have largely out of sight as their index rates have been held at record lows.
This could change radically if interest rates rise which is seeming more likely as price inflation seems to be taking hold and the dollars credit rating continues to deteriorate.
Does anyone have a source for what percentage of current mortgages are now operating in ARM mode?
February 12, 2011 at 1:26 PM #666010sreeb
ParticipantTime goes on. Option ARMs continue to ripen. So have hybrid 1, 3, and 5 years ARMs. I doubt most homeowners have been be able to refinance as either they or their residence won’t qualify.
So far ARM issues have largely out of sight as their index rates have been held at record lows.
This could change radically if interest rates rise which is seeming more likely as price inflation seems to be taking hold and the dollars credit rating continues to deteriorate.
Does anyone have a source for what percentage of current mortgages are now operating in ARM mode?
February 12, 2011 at 1:40 PM #665353Scarlett
ParticipantSo, what if they end up in foreclosures? Sorry, but I am kind of skeptical at this point what it means anymore. Banks have proven that they can sit on foreclosures forever and release them ever so slowly in a trickle at pretty much “fair” market prices. So that they won’t put much pressure on home prices either in terms of price or in terms of number of inventory on the market…
Do we have any indications that those would change anytime soon? Will the banks ever be required to dump foreclosures en masse anytime soon?Foreclosure tsunami, anyone?
February 12, 2011 at 1:40 PM #666485Scarlett
ParticipantSo, what if they end up in foreclosures? Sorry, but I am kind of skeptical at this point what it means anymore. Banks have proven that they can sit on foreclosures forever and release them ever so slowly in a trickle at pretty much “fair” market prices. So that they won’t put much pressure on home prices either in terms of price or in terms of number of inventory on the market…
Do we have any indications that those would change anytime soon? Will the banks ever be required to dump foreclosures en masse anytime soon?Foreclosure tsunami, anyone?
February 12, 2011 at 1:40 PM #665415Scarlett
ParticipantSo, what if they end up in foreclosures? Sorry, but I am kind of skeptical at this point what it means anymore. Banks have proven that they can sit on foreclosures forever and release them ever so slowly in a trickle at pretty much “fair” market prices. So that they won’t put much pressure on home prices either in terms of price or in terms of number of inventory on the market…
Do we have any indications that those would change anytime soon? Will the banks ever be required to dump foreclosures en masse anytime soon?Foreclosure tsunami, anyone?
February 12, 2011 at 1:40 PM #666151Scarlett
ParticipantSo, what if they end up in foreclosures? Sorry, but I am kind of skeptical at this point what it means anymore. Banks have proven that they can sit on foreclosures forever and release them ever so slowly in a trickle at pretty much “fair” market prices. So that they won’t put much pressure on home prices either in terms of price or in terms of number of inventory on the market…
Do we have any indications that those would change anytime soon? Will the banks ever be required to dump foreclosures en masse anytime soon?Foreclosure tsunami, anyone?
February 12, 2011 at 1:40 PM #666015Scarlett
ParticipantSo, what if they end up in foreclosures? Sorry, but I am kind of skeptical at this point what it means anymore. Banks have proven that they can sit on foreclosures forever and release them ever so slowly in a trickle at pretty much “fair” market prices. So that they won’t put much pressure on home prices either in terms of price or in terms of number of inventory on the market…
Do we have any indications that those would change anytime soon? Will the banks ever be required to dump foreclosures en masse anytime soon?Foreclosure tsunami, anyone?
February 12, 2011 at 3:11 PM #666030sreeb
ParticipantBanks can sit on foreclosures forever IF they can get free money from the government. They won’t be able to sit on them if rates rise.
Rates will rise. I don’t know when but in the end, they can’t be manipulated forever.
February 12, 2011 at 3:11 PM #666500sreeb
ParticipantBanks can sit on foreclosures forever IF they can get free money from the government. They won’t be able to sit on them if rates rise.
Rates will rise. I don’t know when but in the end, they can’t be manipulated forever.
February 12, 2011 at 3:11 PM #666166sreeb
ParticipantBanks can sit on foreclosures forever IF they can get free money from the government. They won’t be able to sit on them if rates rise.
Rates will rise. I don’t know when but in the end, they can’t be manipulated forever.
February 12, 2011 at 3:11 PM #665430sreeb
ParticipantBanks can sit on foreclosures forever IF they can get free money from the government. They won’t be able to sit on them if rates rise.
Rates will rise. I don’t know when but in the end, they can’t be manipulated forever.
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