[stop_the_bubble_hype]

locked this morning (30 day) with an A-paper loan. This was a jumbo loan and while we put 25% down, the required was only 10% and it’s reduced documentation.

We were afraid to lock earlier not knowing what the rates were going to do over the summer. Had a chance to do so in May/June timeframe but that’s when the 10-year was through the roof.

Not trying to be a pain in the butt here, but I want to let you all know to check the information provided before getting “hyped” about the comments shared here. Just so happens I was in a position to share some insight today!

[stop_the_bubble_hype]

Locked this morning with a 30 day lock. This was on a jumbo mortgage (about $600K) with an A-paper program.

[stop_the_bubble_hype]

Locked this morning with a 30 day lock. This was on a jumbo mortgage (about $600K) with an A-paper program.

[stop_the_bubble_hype]

Locked this morning with a 30 day lock. This was on a jumbo mortgage (about $600K) with an A-paper program.

[stop_the_bubble_hype]

Lending,

Been here, done that with this conversation before. Read a thread from a month or two back about who the buyers are in San Diego.

We all have different reasons for what we do — appeciate your concern but we’re well advised.

The point of my post was to bring some reality to the original post and show that the rates being quoted were not as bad as the original poster suggested. I have yet to see anyone comment on the stated fact that I brought up. I suspected that the messenger would be shot (e.g. comments about buying during the bubble, etc.) — just another case of group think at work here. No one wants to hear a thought that is contrary to the masses.

Hype

[stop_the_bubble_hype]

Lending,

Been here, done that with this conversation before. Read a thread from a month or two back about who the buyers are in San Diego.

We all have different reasons for what we do — appeciate your concern but we’re well advised.

The point of my post was to bring some reality to the original post and show that the rates being quoted were not as bad as the original poster suggested. I have yet to see anyone comment on the stated fact that I brought up. I suspected that the messenger would be shot (e.g. comments about buying during the bubble, etc.) — just another case of group think at work here. No one wants to hear a thought that is contrary to the masses.

Hype

[stop_the_bubble_hype]

Lending,

Been here, done that with this conversation before. Read a thread from a month or two back about who the buyers are in San Diego.

We all have different reasons for what we do — appeciate your concern but we’re well advised.

The point of my post was to bring some reality to the original post and show that the rates being quoted were not as bad as the original poster suggested. I have yet to see anyone comment on the stated fact that I brought up. I suspected that the messenger would be shot (e.g. comments about buying during the bubble, etc.) — just another case of group think at work here. No one wants to hear a thought that is contrary to the masses.

Hype

[stop_the_bubble_hype]

CFC Rates, not as high as quoted…

Maybe you guys are seeing the broker numbers, but we were locked into a 60 day jumbo today and the rate was 6.5% 30 year fixed (paid 1.5 points).

Before we finished locking, the rep told us it is better to come directly to the lender and not use brokers as their fees are astronomical. If anyone calls today with a credit score over 700 (as I’m assuming is the case among most of this financially savvy group), there is no way your rate should be as high as what’s being quoted here.

Hype

[stop_the_bubble_hype]

CFC Rates, not as high as quoted…

Maybe you guys are seeing the broker numbers, but we were locked into a 60 day jumbo today and the rate was 6.5% 30 year fixed (paid 1.5 points).

Before we finished locking, the rep told us it is better to come directly to the lender and not use brokers as their fees are astronomical. If anyone calls today with a credit score over 700 (as I’m assuming is the case among most of this financially savvy group), there is no way your rate should be as high as what’s being quoted here.

Hype

[stop_the_bubble_hype]

CFC Rates, not as high as quoted…

Maybe you guys are seeing the broker numbers, but we were locked into a 60 day jumbo today and the rate was 6.5% 30 year fixed (paid 1.5 points).

Before we finished locking, the rep told us it is better to come directly to the lender and not use brokers as their fees are astronomical. If anyone calls today with a credit score over 700 (as I’m assuming is the case among most of this financially savvy group), there is no way your rate should be as high as what’s being quoted here.

Hype

[stop_the_bubble_hype]

Interesting article on the development. I don’t believe someone actually used high-end and Wal-Mart in the same sentence.

The comments below the article make for good entertainment.

http://www.nctimes.com/articles/2007/07/20/business/news/20_33_937_20_07.txt

[stop_the_bubble_hype]

Interesting article on the development. I don’t believe someone actually used high-end and Wal-Mart in the same sentence.

The comments below the article make for good entertainment.

http://www.nctimes.com/articles/2007/07/20/business/news/20_33_937_20_07.txt

[stop_the_bubble_hype]

Interesting comment NLTSG (that’s a lot of locations by the way!)

Anyway, I was watching CNBC this morning and there was a discussion very similar to what you have written. The guest “experts” stated that even though the economy looks good in the news, most common (low to middle income) Americans confidence is low because they are feeling the effects via gas prices, food costs and mortgage issues. The comment was that basically the gap between the haves and have nots is increasing and the upper middles and wealthy are the only ones not feeling the crunch.

Tax cuts won’t help as many of the haves will continue to make more money invest it and stay on top.

[stop_the_bubble_hype]

Interesting comment NLTSG (that’s a lot of locations by the way!)

Anyway, I was watching CNBC this morning and there was a discussion very similar to what you have written. The guest “experts” stated that even though the economy looks good in the news, most common (low to middle income) Americans confidence is low because they are feeling the effects via gas prices, food costs and mortgage issues. The comment was that basically the gap between the haves and have nots is increasing and the upper middles and wealthy are the only ones not feeling the crunch.

Tax cuts won’t help as many of the haves will continue to make more money invest it and stay on top.

[stop_the_bubble_hype]

Meant to add, it looks like a case of flipping to me. No landscaping put in whatsoever.

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