[temeculaguy]

[[email protected]]Home prices have firmed and are rising in most San Diego housing markets. Now is the time to buy for best home values.

Rates have dropped the last few days to recent lows. Today I have 4.625% and one point, 4.747% APR for a 80% conventional conforming loan with a 740 or better FICO score.

If you are shopping for a home loan below are some recent articles that should help.

What is APR?: http://www.themtgmentor.com/What-Is-APR.html

Become a Genius Rate Shopper: http://www.themtgmentor.com/Become-A-Rate-Shopping-Genius.html

Current Rate Survey: http://www.themtgmentor.com/Rate_Survey.html

Happy house hunting[/quote]

I hate Bill, Bill sucks, nobody click on Bill’s crappy links. Spammer go home.

Now that I got that out of the way, the little ticks in the rate aren’t going to cause any rises, it’s been low 5’s for a while now, 1/4 points don’t cause spikes in prices. A full point on a 250k loan is $100 a month, so a 1/4 is $25 a month, people don’t bid another 50k because of a $25 savings. Anything around or below 6% keeps things moving like they are, if it were to begin to climb, there might be some panic buying since some believe inflation and rate increases are in the cards at some point(myself included). The other thing is that escrows are usually longer than lock periods, so if you make an offer today based on today’s rate, by the time you are within range to lock, the rate has changed, hopefully it’s lower, but below 5 doesn’t usually last long, you probabaly are already in escrow when those come along. Low rates do spur refi activity, because you can act quicker and lock quicker.

What Sd said, lack of inventory is what is causing the minor rises where they are seen, more buyers than product. Even though I don’t buy into the massive shadow inventory theory, there should be a steady supply of inventory coming to the market and less buyers this winter, so the opposite should occur, prices should tick down or go “A” cup with less bidding wars, then again, “should” doesn’t always happen as it looks on paper.

[temeculaguy]

[[email protected]]Home prices have firmed and are rising in most San Diego housing markets. Now is the time to buy for best home values.

Rates have dropped the last few days to recent lows. Today I have 4.625% and one point, 4.747% APR for a 80% conventional conforming loan with a 740 or better FICO score.

If you are shopping for a home loan below are some recent articles that should help.

What is APR?: http://www.themtgmentor.com/What-Is-APR.html

Become a Genius Rate Shopper: http://www.themtgmentor.com/Become-A-Rate-Shopping-Genius.html

Current Rate Survey: http://www.themtgmentor.com/Rate_Survey.html

Happy house hunting[/quote]

I hate Bill, Bill sucks, nobody click on Bill’s crappy links. Spammer go home.

Now that I got that out of the way, the little ticks in the rate aren’t going to cause any rises, it’s been low 5’s for a while now, 1/4 points don’t cause spikes in prices. A full point on a 250k loan is $100 a month, so a 1/4 is $25 a month, people don’t bid another 50k because of a $25 savings. Anything around or below 6% keeps things moving like they are, if it were to begin to climb, there might be some panic buying since some believe inflation and rate increases are in the cards at some point(myself included). The other thing is that escrows are usually longer than lock periods, so if you make an offer today based on today’s rate, by the time you are within range to lock, the rate has changed, hopefully it’s lower, but below 5 doesn’t usually last long, you probabaly are already in escrow when those come along. Low rates do spur refi activity, because you can act quicker and lock quicker.

What Sd said, lack of inventory is what is causing the minor rises where they are seen, more buyers than product. Even though I don’t buy into the massive shadow inventory theory, there should be a steady supply of inventory coming to the market and less buyers this winter, so the opposite should occur, prices should tick down or go “A” cup with less bidding wars, then again, “should” doesn’t always happen as it looks on paper.

[temeculaguy]

[[email protected]]Home prices have firmed and are rising in most San Diego housing markets. Now is the time to buy for best home values.

Rates have dropped the last few days to recent lows. Today I have 4.625% and one point, 4.747% APR for a 80% conventional conforming loan with a 740 or better FICO score.

If you are shopping for a home loan below are some recent articles that should help.

What is APR?: http://www.themtgmentor.com/What-Is-APR.html

Become a Genius Rate Shopper: http://www.themtgmentor.com/Become-A-Rate-Shopping-Genius.html

Current Rate Survey: http://www.themtgmentor.com/Rate_Survey.html

Happy house hunting[/quote]

I hate Bill, Bill sucks, nobody click on Bill’s crappy links. Spammer go home.

Now that I got that out of the way, the little ticks in the rate aren’t going to cause any rises, it’s been low 5’s for a while now, 1/4 points don’t cause spikes in prices. A full point on a 250k loan is $100 a month, so a 1/4 is $25 a month, people don’t bid another 50k because of a $25 savings. Anything around or below 6% keeps things moving like they are, if it were to begin to climb, there might be some panic buying since some believe inflation and rate increases are in the cards at some point(myself included). The other thing is that escrows are usually longer than lock periods, so if you make an offer today based on today’s rate, by the time you are within range to lock, the rate has changed, hopefully it’s lower, but below 5 doesn’t usually last long, you probabaly are already in escrow when those come along. Low rates do spur refi activity, because you can act quicker and lock quicker.

What Sd said, lack of inventory is what is causing the minor rises where they are seen, more buyers than product. Even though I don’t buy into the massive shadow inventory theory, there should be a steady supply of inventory coming to the market and less buyers this winter, so the opposite should occur, prices should tick down or go “A” cup with less bidding wars, then again, “should” doesn’t always happen as it looks on paper.

[temeculaguy]

[[email protected]]Home prices have firmed and are rising in most San Diego housing markets. Now is the time to buy for best home values.

Rates have dropped the last few days to recent lows. Today I have 4.625% and one point, 4.747% APR for a 80% conventional conforming loan with a 740 or better FICO score.

If you are shopping for a home loan below are some recent articles that should help.

What is APR?: http://www.themtgmentor.com/What-Is-APR.html

Become a Genius Rate Shopper: http://www.themtgmentor.com/Become-A-Rate-Shopping-Genius.html

Current Rate Survey: http://www.themtgmentor.com/Rate_Survey.html

Happy house hunting[/quote]

I hate Bill, Bill sucks, nobody click on Bill’s crappy links. Spammer go home.

Now that I got that out of the way, the little ticks in the rate aren’t going to cause any rises, it’s been low 5’s for a while now, 1/4 points don’t cause spikes in prices. A full point on a 250k loan is $100 a month, so a 1/4 is $25 a month, people don’t bid another 50k because of a $25 savings. Anything around or below 6% keeps things moving like they are, if it were to begin to climb, there might be some panic buying since some believe inflation and rate increases are in the cards at some point(myself included). The other thing is that escrows are usually longer than lock periods, so if you make an offer today based on today’s rate, by the time you are within range to lock, the rate has changed, hopefully it’s lower, but below 5 doesn’t usually last long, you probabaly are already in escrow when those come along. Low rates do spur refi activity, because you can act quicker and lock quicker.

What Sd said, lack of inventory is what is causing the minor rises where they are seen, more buyers than product. Even though I don’t buy into the massive shadow inventory theory, there should be a steady supply of inventory coming to the market and less buyers this winter, so the opposite should occur, prices should tick down or go “A” cup with less bidding wars, then again, “should” doesn’t always happen as it looks on paper.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

sd and urban, on that topic, is it just you guys or is it just a whole lot smoother now? Last year, after a couple of failed tries, in which nobody got the house and the bank took it back and sold it themselves (for less in some cases, more in others) I swore them off because of the frustration and wasted time. Now I have a couple of new neighbors who recently bought their houses as shorts and report pretty smooth transactions and their houses are in a hell of a lot better shape than mine was. I see alot of them going through where before almost none did and they are more than 50% of the listings in my zip code. Have shorts found their time and are there enough of them to impact the foreclosures? I don’t know, it sure looks like more than a niche to me and something that never gets mentioned in the foreclosure doomsday articles.

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