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
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!!!
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.