Mortgage rates falling fast

Discussion in 'Economics' started by The Kin, Sep 8, 2008.

  1. Sounds like the middle class paying for the criminal class...
     
    #11     Sep 9, 2008

  2. copland has got it right, im in real estate. It is picki9ng up slightly (3 closings in 2 weeks) but fucking slow still. This may bring some of the fence but the banks are still sooooo stringent. And they got rid of 100 percent financing. Which isnt a bad thing imo. But it just really slows sales of the smaller lower end properties. Because how many 22 yr olds that would have bought a house will now put the 5 percent (3 percent for fha) down? Not as many, but oh well c'est la vie. Could be worse, coulda bought that fakeout yesterday :)
     
    #12     Sep 9, 2008
  3. the lady that I do alot of loans with was offering 5.875 yesterday BTW FHA went down to 5.875 too. I had all my clients lock a few weeks ago at 6.5 haha whoops!!!
     
    #13     Sep 9, 2008
  4. [​IMG]
     
    #14     Sep 9, 2008
  5. wow
     
    #15     Sep 9, 2008

  6. Hahahaha. Detroit needs to be evacuated followed by an A-Bomb dropped from the air.

    One of the most sorriest cities in the world. Just look at their mayor.
     
    #16     Sep 9, 2008
  7. No wonder Robocop was based in Detroit.
     
    #17     Sep 9, 2008
  8. where u located rtrader?
     
    #18     Sep 9, 2008
  9. Just paid off my last mortgage. PARTY TIME!
     
    #19     Sep 9, 2008

  10. Cheytown Wyoming, The REAL windy city lol!
     
    #20     Sep 9, 2008