Well folks….Looks like interest rates for loans are about to go lower……

[Coronita]

[quote=carlsbadworker]I am actually starting to feel the opposite. I think second-dip is over-rated for now. The institutions are very bullish right now while the individual investors arent’t (according to a survey by American Association of Individual Investors). That hasn’t happened since Q1 2009 before the 60% rally in stock market.
According to Jeremy Graham:
“In October we enter the third year of the Presidential Cycle, the year every Fed except, of course, Volcker’s, helped the incumbent administrations get re-elected. Since 1932, there has never been a serious decline in Year 3. Never! Even the unexpected Korean War caused only a 2% decline. Even when Greenspan ran amok and over-stimulated the first two years instead of cooling the system down – which he did twice, having not suffered enough the fi rst time – he stimulated Year 3 as well. The result was that we entered Year 3 in October 1998 and Year 3 in October 2006 with horribly overpriced markets, and still the market went up, and by a lot. The overpricing in October 1998, by the way, was so bad that our 10-year forecast was down to -1.1%; in October 2006, by a nervewracking coincidence, our 7-year forecast was -1.0%. If the market is 1320 by this coming October, our 7-year forecast will again be -1.0%. (Please hum the Jaws theme here.) Do not think for a second that a very stimulated market will go down in Year 3 just because it’s overpriced … even badly overpriced. So far it has had 19 tries to go down since 1932 and has never pulled it off. We can, of course, hope that this time will be exceptional. Even in the best of times, though, overpricing is only a mild downward pull. Its virtue is that it never quits. Eventually it wears the market back down to fair value.”[/quote]

Now you tell me this….. I just went short on parts of the market recently. CVX, VXX, DOW, etc….Yeah, that’s really working for me these days 🙂

[beanmaestro]

Well poo… I paid a point last year to get my rate down to 4.875% on a jumbo. Sounds like it’s time for a refi.

[beanmaestro]

Well poo… I paid a point last year to get my rate down to 4.875% on a jumbo. Sounds like it’s time for a refi.

[beanmaestro]

Well poo… I paid a point last year to get my rate down to 4.875% on a jumbo. Sounds like it’s time for a refi.

[beanmaestro]

Well poo… I paid a point last year to get my rate down to 4.875% on a jumbo. Sounds like it’s time for a refi.

[beanmaestro]

Well poo… I paid a point last year to get my rate down to 4.875% on a jumbo. Sounds like it’s time for a refi.

[all]

Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?

[all]

Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?

[all]

Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?

[all]

Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?

[all]

Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?

[Coronita]

[quote=captcha]Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?[/quote]

No impound… Closing cost is about $2600 + or minus on $417k.

Like I said, probably I’m getting ripped off.

[Coronita]

[quote=captcha]Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?[/quote]

No impound… Closing cost is about $2600 + or minus on $417k.

Like I said, probably I’m getting ripped off.

[Coronita]

[quote=captcha]Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?[/quote]

No impound… Closing cost is about $2600 + or minus on $417k.

Like I said, probably I’m getting ripped off.

[Coronita]

[quote=captcha]Is that with impounds account or you pay the taxes and the insurance directly? What was the immediate cost to you?[/quote]

No impound… Closing cost is about $2600 + or minus on $417k.

Like I said, probably I’m getting ripped off.

[Author]

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