Mortgate Rates falling?

[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.

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[Coronita]

I’ve decided to get an RE license….Seriously.

I’m not gonna miss out on this next bubble. If you can’t beat, join em…

[Coronita]

I’ve decided to get an RE license….Seriously.

I’m not gonna miss out on this next bubble. If you can’t beat, join em…

[Coronita]

I’ve decided to get an RE license….Seriously.

I’m not gonna miss out on this next bubble. If you can’t beat, join em…

[Coronita]

I’ve decided to get an RE license….Seriously.

I’m not gonna miss out on this next bubble. If you can’t beat, join em…

[Coronita]

I’ve decided to get an RE license….Seriously.

I’m not gonna miss out on this next bubble. If you can’t beat, join em…

[SD Realtor]

FLU I think that is a good idea.

[SD Realtor]

FLU I think that is a good idea.

[SD Realtor]

FLU I think that is a good idea.

[SD Realtor]

FLU I think that is a good idea.

[Author]

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