Timeline of a foreclosure???

[SD Realtor]

TG good deal. I was kind of half asleep this morning posting so buying the REO as opposed to dealing with the trustee sale is smart. Lowballing is frustrating but in the end those with persistence and patience will win the game.

HLS – Not sure where the 10 year will end up in the next few months. However as you may recall back in 03 when it dumped to the low/mid 3’s that the resulting bounce back up was staggering and there were even a few originators caught in the upswing. I don’t envision that here but to think that it will not normalize to the 4.5-4.75 range is not out of norm. So to propose that through the spring that rates will be 3/8-1/2 higher then now is at least a 50/50 proposal. Just as saying that the 10 year could go down by the same amount as well. Like you said, most buyers are not aware of the volatility in the mortgage rates. Also that the window of opportunity is MUCH more narrow when the 10 year dumps then when it moves up. (That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD Realtor

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[HLS]

(That is mortgage rates adjust IMMEDIATELY when the 10 year moves up but they are quite sticky when it moves down)

SD,, I see rates move instantly up and down, even INTRA-day with certain lenders, while others only change rates once a day.
I have the luxury of seeing the spreads to anticipate saving a borrower an eighth or more.

The best lenders change rates in step with the market up OR down, that’s how I saw 5.50% for 2 days between two diff lenders last week, that spiked in the days afterwards.

I’m not disagreeing with you, but am not sure what your experience has been when rates fall. I’m a phone call away from the lock desk.

If you are basing your theory on what a mortgage person in between has told you, I’ll let you read between the lines.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[SD Realtor]

I don’t touch loans at all…

I think any realtor that does loans is doing a huge disservice to the industry and I believe that any mortgage broker who performs real estate transactions is just as bad.

Way to much conflict of interest.

I wholeheartedly disagree that lenders adjust rates in the downward direction at the same pace as the upward direction.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[HLS]

I’m usually watching the 10YR and RNY intra day moves on and off all day long, and I do see drops in rates from only the best lenders.

Certainly not all of them do drop. It’s a tricky buisness.

[Author]

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