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IONEGARM
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ParticipantThe post title says conforming limit increase, the article is talking about the size of the retained portfolio being allowed to be increased.
ParticipantThe post title says conforming limit increase, the article is talking about the size of the retained portfolio being allowed to be increased.
ParticipantThe post title says conforming limit increase, the article is talking about the size of the retained portfolio being allowed to be increased.
ParticipantIF prices stay high and interest rates go up, it is bad for anyone not in a home.
IF prices go down and interest rates go up it is pretty good for anyone not in a home (lower cost basis, more likely rates will go down for a refi in later years, etc).
IF prices go down and interest rates go down it is pretty good for anyone not in a home.
The housing market simply can’t sustain itself at current prices and interest rates, now with more stringent lending anyone wanting to sell or buy is going to have a much tougher time of it. But that is essentially a good thing. Those that plan ahead, keep their credit clean, and save money are going to be well rewarded.
ParticipantIF prices stay high and interest rates go up, it is bad for anyone not in a home.
IF prices go down and interest rates go up it is pretty good for anyone not in a home (lower cost basis, more likely rates will go down for a refi in later years, etc).
IF prices go down and interest rates go down it is pretty good for anyone not in a home.
The housing market simply can’t sustain itself at current prices and interest rates, now with more stringent lending anyone wanting to sell or buy is going to have a much tougher time of it. But that is essentially a good thing. Those that plan ahead, keep their credit clean, and save money are going to be well rewarded.
ParticipantIF prices stay high and interest rates go up, it is bad for anyone not in a home.
IF prices go down and interest rates go up it is pretty good for anyone not in a home (lower cost basis, more likely rates will go down for a refi in later years, etc).
IF prices go down and interest rates go down it is pretty good for anyone not in a home.
The housing market simply can’t sustain itself at current prices and interest rates, now with more stringent lending anyone wanting to sell or buy is going to have a much tougher time of it. But that is essentially a good thing. Those that plan ahead, keep their credit clean, and save money are going to be well rewarded.
ParticipantLast Friday a lot of rate increases happened already, you see some posts regarding it on BO and the Grapevine
Here is one:
http://forum.brokeroutpost.com/loans/forum/2/142984.htmBut there are many others. The other thing will be Fannie and Freddie requiring people with IO loans to be qualified at the fully indexed, fully amortized rate. That bomb drops July 22nd.
ParticipantLast Friday a lot of rate increases happened already, you see some posts regarding it on BO and the Grapevine
Here is one:
http://forum.brokeroutpost.com/loans/forum/2/142984.htmBut there are many others. The other thing will be Fannie and Freddie requiring people with IO loans to be qualified at the fully indexed, fully amortized rate. That bomb drops July 22nd.
ParticipantRates spiked to the same level last year, I wonder if they will stick this time.
ParticipantRates spiked to the same level last year, I wonder if they will stick this time.
ParticipantI think you will see a small spike in sales while the people with locks rush to buy before their locks expire, but then the numbers will start going down because of the reduced affordability and psychological affects of higher rates.
ParticipantI think you will see a small spike in sales while the people with locks rush to buy before their locks expire, but then the numbers will start going down because of the reduced affordability and psychological affects of higher rates.
ParticipantMy opinion on RE is that you are an idiot.
If you take 2 data points of MEDIAN Prices of a small amount of sales you will get wide variability. Median prices and small sample size suffers from a wide variability due to compositional changes that have nothing to do with the value of homes.
And you aren’t doing anything for your community, you clearly have your own agenda to talk down housing to the highest degree possible. You are a clown and the fact that you teach SCIENCE of all things is just sad. At least be an english major to have an excuse for your vivid imagination and hyperbole.
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