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poway_seller
ParticipantAnyone notice nothing high end moving in Del Cerro since July, and no “VIEW” homes for even longer than that.
Those properties on Madra are still for sale, and the realtor/contractor place in the “MMM” is STILL listed, and still way overpriced.
ParticipantAnyone notice nothing high end moving in Del Cerro since July, and no “VIEW” homes for even longer than that.
Those properties on Madra are still for sale, and the realtor/contractor place in the “MMM” is STILL listed, and still way overpriced.
ParticipantAnyone notice nothing high end moving in Del Cerro since July, and no “VIEW” homes for even longer than that.
Those properties on Madra are still for sale, and the realtor/contractor place in the “MMM” is STILL listed, and still way overpriced.
ParticipantAnyone notice nothing high end moving in Del Cerro since July, and no “VIEW” homes for even longer than that.
Those properties on Madra are still for sale, and the realtor/contractor place in the “MMM” is STILL listed, and still way overpriced.
Participantanyone who buys a leveraged etf (2x or 3x) and ‘buys and holds’ it thinking that if they make the right call (i.e. buy a double long etf and the underlying index goes up), they will make money is very mistaken. It is very easy for you to guess correctly for the direction of the asset class (like China, Real Estate, S&P500, etc), but have your leveraged ETF LOSE money! Be careful what leverage does to those investments in highly volatile markets.
You MUST average in and out of them to even have a chance to come out ahead.
For example, look at FXI/FXP. (China)
FXI is near its lows (relative to the high), yet FXP which goes ultra (2x) short the China 25 is near it’s low as well and VERY far from the high. One would think that if FXI was near a low that FXP would be near a high. Guess again! That’s how you lose money being right.
Tread carefully!
Participantanyone who buys a leveraged etf (2x or 3x) and ‘buys and holds’ it thinking that if they make the right call (i.e. buy a double long etf and the underlying index goes up), they will make money is very mistaken. It is very easy for you to guess correctly for the direction of the asset class (like China, Real Estate, S&P500, etc), but have your leveraged ETF LOSE money! Be careful what leverage does to those investments in highly volatile markets.
You MUST average in and out of them to even have a chance to come out ahead.
For example, look at FXI/FXP. (China)
FXI is near its lows (relative to the high), yet FXP which goes ultra (2x) short the China 25 is near it’s low as well and VERY far from the high. One would think that if FXI was near a low that FXP would be near a high. Guess again! That’s how you lose money being right.
Tread carefully!
Participantanyone who buys a leveraged etf (2x or 3x) and ‘buys and holds’ it thinking that if they make the right call (i.e. buy a double long etf and the underlying index goes up), they will make money is very mistaken. It is very easy for you to guess correctly for the direction of the asset class (like China, Real Estate, S&P500, etc), but have your leveraged ETF LOSE money! Be careful what leverage does to those investments in highly volatile markets.
You MUST average in and out of them to even have a chance to come out ahead.
For example, look at FXI/FXP. (China)
FXI is near its lows (relative to the high), yet FXP which goes ultra (2x) short the China 25 is near it’s low as well and VERY far from the high. One would think that if FXI was near a low that FXP would be near a high. Guess again! That’s how you lose money being right.
Tread carefully!
Participantanyone who buys a leveraged etf (2x or 3x) and ‘buys and holds’ it thinking that if they make the right call (i.e. buy a double long etf and the underlying index goes up), they will make money is very mistaken. It is very easy for you to guess correctly for the direction of the asset class (like China, Real Estate, S&P500, etc), but have your leveraged ETF LOSE money! Be careful what leverage does to those investments in highly volatile markets.
You MUST average in and out of them to even have a chance to come out ahead.
For example, look at FXI/FXP. (China)
FXI is near its lows (relative to the high), yet FXP which goes ultra (2x) short the China 25 is near it’s low as well and VERY far from the high. One would think that if FXI was near a low that FXP would be near a high. Guess again! That’s how you lose money being right.
Tread carefully!
Participantanyone who buys a leveraged etf (2x or 3x) and ‘buys and holds’ it thinking that if they make the right call (i.e. buy a double long etf and the underlying index goes up), they will make money is very mistaken. It is very easy for you to guess correctly for the direction of the asset class (like China, Real Estate, S&P500, etc), but have your leveraged ETF LOSE money! Be careful what leverage does to those investments in highly volatile markets.
You MUST average in and out of them to even have a chance to come out ahead.
For example, look at FXI/FXP. (China)
FXI is near its lows (relative to the high), yet FXP which goes ultra (2x) short the China 25 is near it’s low as well and VERY far from the high. One would think that if FXI was near a low that FXP would be near a high. Guess again! That’s how you lose money being right.
Tread carefully!
ParticipantBlissful, don’t see how you could have been quoted the above rate TODAY. Although treasuries are as low as Wednesday, mortgages are not. A 30 year fixed which on Wednesday AM could be had for 4.5%, is now 5.375. Today the 15 Year you speak of was at 5.125% with no origination and no discount points. Getting to 4.75 would have FOR SURE cost you points.
HLS, the 4.625% I got Wednesday @ 10:30am was done by the bank I work for. I’m not in the mortgage business per se, but since our company’s mortgage officers are salaried, there are no commissions when they do loans for employees or clients, so that saves the mortgage broker fee (which is what, around 0.50%)?
The no-employee “client” rate would have likely been 4.75% or 4.875%.
On that note, I can do a loan for nearly anyone qualified to get a loan approved (good credit, assets, etc) for no broker fee, and typically closing costs are around 1% of the loan size (this is not a discount point, just escrow, title, appraisal, doc fees, etc). You could compare HUD to any other mortgage broker and it will 95% of the time be the best rate AND lowest fees. I’ve only done about half a dozen loans this year (by design, loans are incidental business to my main business), but since Wednesday I’ve locked in 6 additional clients. That’s how low rates got on Wednesday….
ParticipantBlissful, don’t see how you could have been quoted the above rate TODAY. Although treasuries are as low as Wednesday, mortgages are not. A 30 year fixed which on Wednesday AM could be had for 4.5%, is now 5.375. Today the 15 Year you speak of was at 5.125% with no origination and no discount points. Getting to 4.75 would have FOR SURE cost you points.
HLS, the 4.625% I got Wednesday @ 10:30am was done by the bank I work for. I’m not in the mortgage business per se, but since our company’s mortgage officers are salaried, there are no commissions when they do loans for employees or clients, so that saves the mortgage broker fee (which is what, around 0.50%)?
The no-employee “client” rate would have likely been 4.75% or 4.875%.
On that note, I can do a loan for nearly anyone qualified to get a loan approved (good credit, assets, etc) for no broker fee, and typically closing costs are around 1% of the loan size (this is not a discount point, just escrow, title, appraisal, doc fees, etc). You could compare HUD to any other mortgage broker and it will 95% of the time be the best rate AND lowest fees. I’ve only done about half a dozen loans this year (by design, loans are incidental business to my main business), but since Wednesday I’ve locked in 6 additional clients. That’s how low rates got on Wednesday….
ParticipantBlissful, don’t see how you could have been quoted the above rate TODAY. Although treasuries are as low as Wednesday, mortgages are not. A 30 year fixed which on Wednesday AM could be had for 4.5%, is now 5.375. Today the 15 Year you speak of was at 5.125% with no origination and no discount points. Getting to 4.75 would have FOR SURE cost you points.
HLS, the 4.625% I got Wednesday @ 10:30am was done by the bank I work for. I’m not in the mortgage business per se, but since our company’s mortgage officers are salaried, there are no commissions when they do loans for employees or clients, so that saves the mortgage broker fee (which is what, around 0.50%)?
The no-employee “client” rate would have likely been 4.75% or 4.875%.
On that note, I can do a loan for nearly anyone qualified to get a loan approved (good credit, assets, etc) for no broker fee, and typically closing costs are around 1% of the loan size (this is not a discount point, just escrow, title, appraisal, doc fees, etc). You could compare HUD to any other mortgage broker and it will 95% of the time be the best rate AND lowest fees. I’ve only done about half a dozen loans this year (by design, loans are incidental business to my main business), but since Wednesday I’ve locked in 6 additional clients. That’s how low rates got on Wednesday….
ParticipantBlissful, don’t see how you could have been quoted the above rate TODAY. Although treasuries are as low as Wednesday, mortgages are not. A 30 year fixed which on Wednesday AM could be had for 4.5%, is now 5.375. Today the 15 Year you speak of was at 5.125% with no origination and no discount points. Getting to 4.75 would have FOR SURE cost you points.
HLS, the 4.625% I got Wednesday @ 10:30am was done by the bank I work for. I’m not in the mortgage business per se, but since our company’s mortgage officers are salaried, there are no commissions when they do loans for employees or clients, so that saves the mortgage broker fee (which is what, around 0.50%)?
The no-employee “client” rate would have likely been 4.75% or 4.875%.
On that note, I can do a loan for nearly anyone qualified to get a loan approved (good credit, assets, etc) for no broker fee, and typically closing costs are around 1% of the loan size (this is not a discount point, just escrow, title, appraisal, doc fees, etc). You could compare HUD to any other mortgage broker and it will 95% of the time be the best rate AND lowest fees. I’ve only done about half a dozen loans this year (by design, loans are incidental business to my main business), but since Wednesday I’ve locked in 6 additional clients. That’s how low rates got on Wednesday….
ParticipantBlissful, don’t see how you could have been quoted the above rate TODAY. Although treasuries are as low as Wednesday, mortgages are not. A 30 year fixed which on Wednesday AM could be had for 4.5%, is now 5.375. Today the 15 Year you speak of was at 5.125% with no origination and no discount points. Getting to 4.75 would have FOR SURE cost you points.
HLS, the 4.625% I got Wednesday @ 10:30am was done by the bank I work for. I’m not in the mortgage business per se, but since our company’s mortgage officers are salaried, there are no commissions when they do loans for employees or clients, so that saves the mortgage broker fee (which is what, around 0.50%)?
The no-employee “client” rate would have likely been 4.75% or 4.875%.
On that note, I can do a loan for nearly anyone qualified to get a loan approved (good credit, assets, etc) for no broker fee, and typically closing costs are around 1% of the loan size (this is not a discount point, just escrow, title, appraisal, doc fees, etc). You could compare HUD to any other mortgage broker and it will 95% of the time be the best rate AND lowest fees. I’ve only done about half a dozen loans this year (by design, loans are incidental business to my main business), but since Wednesday I’ve locked in 6 additional clients. That’s how low rates got on Wednesday….
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