Mortgate Rates falling?

[SD Realtor]

I don’t see it happening FLU but damn I wish it would… The risk premium on the secondary market is still keeping the mortgage rates up there.

[sdrealtor]

I say let them plummet so all the responsible homewoners with tons of equity can refi down their monthly nut even further and unlease their consumerism on those Costco 46″ Sharp Aquos LCD Panels. (note: this is a shameless personal plug)

[sdrealtor]

I say let them plummet so all the responsible homewoners with tons of equity can refi down their monthly nut even further and unlease their consumerism on those Costco 46″ Sharp Aquos LCD Panels. (note: this is a shameless personal plug)

[sdrealtor]

I say let them plummet so all the responsible homewoners with tons of equity can refi down their monthly nut even further and unlease their consumerism on those Costco 46″ Sharp Aquos LCD Panels. (note: this is a shameless personal plug)

[sdrealtor]

I say let them plummet so all the responsible homewoners with tons of equity can refi down their monthly nut even further and unlease their consumerism on those Costco 46″ Sharp Aquos LCD Panels. (note: this is a shameless personal plug)

[sdrealtor]

I say let them plummet so all the responsible homewoners with tons of equity can refi down their monthly nut even further and unlease their consumerism on those Costco 46″ Sharp Aquos LCD Panels. (note: this is a shameless personal plug)

[The OC Scam]

Does anyone think interest rates will go as low as 3 or 4 percent ?

If so what information do you think we can look at that would indicate this trend?

[The OC Scam]

Does anyone think interest rates will go as low as 3 or 4 percent ?

If so what information do you think we can look at that would indicate this trend?

[The OC Scam]

Does anyone think interest rates will go as low as 3 or 4 percent ?

If so what information do you think we can look at that would indicate this trend?

[The OC Scam]

Does anyone think interest rates will go as low as 3 or 4 percent ?

If so what information do you think we can look at that would indicate this trend?

[The OC Scam]

Does anyone think interest rates will go as low as 3 or 4 percent ?

If so what information do you think we can look at that would indicate this trend?

[peterb]

FLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.

[peterb]

FLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.

[peterb]

FLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.

[peterb]

FLU has it right. Check the historic correlation in CA between unemplpoyment and house prices. Anything about 7% is a killer for the RE market. And we just came in at 8.2% and rising. If you estimate that this recession started about a year ago, we probably have at least a couple more years left for the unemployment level to increase.
I could see interest rates go down more just because the volume of mortgages will decrease. This is deflation. So the old 5% is the new 7%. Perhaps this could happen if the risk was mitigated with a high downpayment? 25% down, with a 4.5% for 30 years? Might happen.

[Author]

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