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sdnerd
ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
ParticipantMine just reset from 4.65% to 3.25%.
Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
ParticipantMine just reset from 4.65% to 3.25%.
Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
ParticipantMine just reset from 4.65% to 3.25%.
Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
ParticipantMine just reset from 4.65% to 3.25%.
Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
ParticipantMine just reset from 4.65% to 3.25%.
Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
Participant[quote=sdrealtor]ocr,
I beleive year 2000 pricing for the high end throughout SD County is still in the bag…isnt it?[/quote]In the areas I look at: Carmel Valley, 92129, 92127, Encinitas, etc we are still at 2004 pricing.
Unless by “a ways to go” ocrenter means a LONG ways to go on the mid/high end. 🙂
Participant[quote=sdrealtor]ocr,
I beleive year 2000 pricing for the high end throughout SD County is still in the bag…isnt it?[/quote]In the areas I look at: Carmel Valley, 92129, 92127, Encinitas, etc we are still at 2004 pricing.
Unless by “a ways to go” ocrenter means a LONG ways to go on the mid/high end. 🙂
Participant[quote=sdrealtor]ocr,
I beleive year 2000 pricing for the high end throughout SD County is still in the bag…isnt it?[/quote]In the areas I look at: Carmel Valley, 92129, 92127, Encinitas, etc we are still at 2004 pricing.
Unless by “a ways to go” ocrenter means a LONG ways to go on the mid/high end. 🙂
Participant[quote=sdrealtor]ocr,
I beleive year 2000 pricing for the high end throughout SD County is still in the bag…isnt it?[/quote]In the areas I look at: Carmel Valley, 92129, 92127, Encinitas, etc we are still at 2004 pricing.
Unless by “a ways to go” ocrenter means a LONG ways to go on the mid/high end. 🙂
Participant[quote=sdrealtor]ocr,
I beleive year 2000 pricing for the high end throughout SD County is still in the bag…isnt it?[/quote]In the areas I look at: Carmel Valley, 92129, 92127, Encinitas, etc we are still at 2004 pricing.
Unless by “a ways to go” ocrenter means a LONG ways to go on the mid/high end. 🙂
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