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Fearful
ParticipantFunny, I was chatting with the girl who was manning the booth, and one of the first comments I had was I doubted the upgrade would actually take place. You do big upgrades at the bottom of a recession, not going in to one! But CRE lags residential, and CRE is just starting to show pain; who knows, they may actually get it done. If I were on the SD city council, I would have tried to ram this thing through while times were still good. Too late now.
Fearful
ParticipantFunny, I was chatting with the girl who was manning the booth, and one of the first comments I had was I doubted the upgrade would actually take place. You do big upgrades at the bottom of a recession, not going in to one! But CRE lags residential, and CRE is just starting to show pain; who knows, they may actually get it done. If I were on the SD city council, I would have tried to ram this thing through while times were still good. Too late now.
Fearful
Participantone may argue we are already halfway there with the FHA and such…
I am Fearful that you are right … when we nationalize mortgages in order to keep the bubble inflated, where do we end?Fearful
Participantone may argue we are already halfway there with the FHA and such…
I am Fearful that you are right … when we nationalize mortgages in order to keep the bubble inflated, where do we end?Fearful
Participantone may argue we are already halfway there with the FHA and such…
I am Fearful that you are right … when we nationalize mortgages in order to keep the bubble inflated, where do we end?Fearful
Participantone may argue we are already halfway there with the FHA and such…
I am Fearful that you are right … when we nationalize mortgages in order to keep the bubble inflated, where do we end?Fearful
Participantone may argue we are already halfway there with the FHA and such…
I am Fearful that you are right … when we nationalize mortgages in order to keep the bubble inflated, where do we end?Fearful
ParticipantThe question was whether long term rates would go up, down or not change.
10 year treasuries have recently dropped substantially in yield. The only way that is sustainable is if inflation expectations have gone way down. That is possible; deflation is definitely possible.
The only way mortgage rates will remain low is if mortgages are nationalized, or we go in to deflation.
Otherwise, especially given the outlook on the housing market, declining mortgage rates make no economic sense.
Fearful
ParticipantThe question was whether long term rates would go up, down or not change.
10 year treasuries have recently dropped substantially in yield. The only way that is sustainable is if inflation expectations have gone way down. That is possible; deflation is definitely possible.
The only way mortgage rates will remain low is if mortgages are nationalized, or we go in to deflation.
Otherwise, especially given the outlook on the housing market, declining mortgage rates make no economic sense.
Fearful
ParticipantThe question was whether long term rates would go up, down or not change.
10 year treasuries have recently dropped substantially in yield. The only way that is sustainable is if inflation expectations have gone way down. That is possible; deflation is definitely possible.
The only way mortgage rates will remain low is if mortgages are nationalized, or we go in to deflation.
Otherwise, especially given the outlook on the housing market, declining mortgage rates make no economic sense.
Fearful
ParticipantThe question was whether long term rates would go up, down or not change.
10 year treasuries have recently dropped substantially in yield. The only way that is sustainable is if inflation expectations have gone way down. That is possible; deflation is definitely possible.
The only way mortgage rates will remain low is if mortgages are nationalized, or we go in to deflation.
Otherwise, especially given the outlook on the housing market, declining mortgage rates make no economic sense.
Fearful
ParticipantThe question was whether long term rates would go up, down or not change.
10 year treasuries have recently dropped substantially in yield. The only way that is sustainable is if inflation expectations have gone way down. That is possible; deflation is definitely possible.
The only way mortgage rates will remain low is if mortgages are nationalized, or we go in to deflation.
Otherwise, especially given the outlook on the housing market, declining mortgage rates make no economic sense.
Fearful
ParticipantSounds reasonable; also, Fannie does not do a good job of assessing default risk when buying mortgages.
Jumbos have come down, too, though not as much as conforming.
Fearful
ParticipantSounds reasonable; also, Fannie does not do a good job of assessing default risk when buying mortgages.
Jumbos have come down, too, though not as much as conforming.
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