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Fearful
ParticipantMortgage rates are most closely tied to 10 year treasuries.
Fed funds rate tends to affect short term teaser rates on ARMs.
Long term ARM rate is often tied to prime rate or LIBOR, both of which I heard have been rising in recent days in response to credit crunch.
10 year treasury rates have been dropping lately.
Fearful
ParticipantMortgage rates are most closely tied to 10 year treasuries.
Fed funds rate tends to affect short term teaser rates on ARMs.
Long term ARM rate is often tied to prime rate or LIBOR, both of which I heard have been rising in recent days in response to credit crunch.
10 year treasury rates have been dropping lately.
Fearful
ParticipantI met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.
Fearful
ParticipantI met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.
Fearful
ParticipantI met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.
Fearful
ParticipantI met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.
Fearful
ParticipantI met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.
November 14, 2007 at 7:00 AM in reply to: Top tier SD RE has dropped 5.8% from peak . . . overall SD RE dopped 9.4% #99240Fearful
Participantthey can “pin” a given home into one category even if the price changes
Presumably the categorizations are based on the last sale price of the house.
November 14, 2007 at 7:00 AM in reply to: Top tier SD RE has dropped 5.8% from peak . . . overall SD RE dopped 9.4% #99303Fearful
Participantthey can “pin” a given home into one category even if the price changes
Presumably the categorizations are based on the last sale price of the house.
November 14, 2007 at 7:00 AM in reply to: Top tier SD RE has dropped 5.8% from peak . . . overall SD RE dopped 9.4% #99318Fearful
Participantthey can “pin” a given home into one category even if the price changes
Presumably the categorizations are based on the last sale price of the house.
November 14, 2007 at 7:00 AM in reply to: Top tier SD RE has dropped 5.8% from peak . . . overall SD RE dopped 9.4% #99324Fearful
Participantthey can “pin” a given home into one category even if the price changes
Presumably the categorizations are based on the last sale price of the house.
Fearful
ParticipantNo kidding – where is the money going to come from to buy up properties? 1,000 houses x $500K / house = $500M. Even assuming they turn around and sell those houses, they still have to come up with the funds to buy the inventory in the first place. If they hope to issue debt to get there, can you imagine what the interest rate on that debt would have to be? I would only begin to consider that debt at somewhere around 25%.
Now, if the federal government gets into this game, we are all in deep doodoo, because the only exit route for that much debt is inflation.
Fearful
ParticipantNo kidding – where is the money going to come from to buy up properties? 1,000 houses x $500K / house = $500M. Even assuming they turn around and sell those houses, they still have to come up with the funds to buy the inventory in the first place. If they hope to issue debt to get there, can you imagine what the interest rate on that debt would have to be? I would only begin to consider that debt at somewhere around 25%.
Now, if the federal government gets into this game, we are all in deep doodoo, because the only exit route for that much debt is inflation.
Fearful
ParticipantNo kidding – where is the money going to come from to buy up properties? 1,000 houses x $500K / house = $500M. Even assuming they turn around and sell those houses, they still have to come up with the funds to buy the inventory in the first place. If they hope to issue debt to get there, can you imagine what the interest rate on that debt would have to be? I would only begin to consider that debt at somewhere around 25%.
Now, if the federal government gets into this game, we are all in deep doodoo, because the only exit route for that much debt is inflation.
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