Comments on: Morgage Rates At Lowest Level In More Than Two Years http://housingdoom.com/2008/01/10/mortgage-rates-at-2005-levels/ Fri, 18 May 2012 02:39:21 +0000 hourly 1 http://wordpress.org/?v= By: brucewho http://housingdoom.com/2008/01/10/mortgage-rates-at-2005-levels/#comment-9614 brucewho Fri, 11 Jan 2008 01:49:33 +0000 http://housingdoom.com/2008/01/10/mortgage-rates-at-2005-levels/#comment-9614 We've still got a long way to go until capitulation. Housing: No room for bulls Three bears took on a lone bull at a real estate conference debate in New York this week. Guess who won? http://money.cnn.com/2008/01/09/real_estate/real_estate_bulls_bears/index.htm?postversion=2008011015 We’ve still got a long way to go until capitulation.

Housing: No room for bulls
Three bears took on a lone bull at a real estate conference debate in New York this week. Guess who won?

http://money.cnn.com/2008/01/09/real_estate/real_estate_bulls_bears/index.htm?postversion=2008011015

]]> By: tc http://housingdoom.com/2008/01/10/mortgage-rates-at-2005-levels/#comment-9613 tc Fri, 11 Jan 2008 00:55:51 +0000 http://housingdoom.com/2008/01/10/mortgage-rates-at-2005-levels/#comment-9613 Cool. I've been wanting to lower the price on my house for a few months (but had to put that decision on hold for unrelated reasons). I just lowered the asking price 10% today, and the old price was 5% below the realtor's recommendation (7 months ago). I'm praying the combination of lower price and lower mortgage rates will do the trick. I really don't know how much longer I can stand this crappy city (San Antonio). Cool. I’ve been wanting to lower the price on my house for a few months (but had to put that decision on hold for unrelated reasons). I just lowered the asking price 10% today, and the old price was 5% below the realtor’s recommendation (7 months ago). I’m praying the combination of lower price and lower mortgage rates will do the trick. I really don’t know how much longer I can stand this crappy city (San Antonio).

]]> By: Chuck Ponzi http://housingdoom.com/2008/01/10/mortgage-rates-at-2005-levels/#comment-9612 Chuck Ponzi Thu, 10 Jan 2008 17:24:28 +0000 http://housingdoom.com/2008/01/10/mortgage-rates-at-2005-levels/#comment-9612 I'm skeptical, but I'm not so married to my theories that I can't see a counterbalance here. The resets will still be coming next year, and frankly most subprimes are teaser rates so the adjustments are steep. It won't help enough to stop a decline, but it's better than what was previously the likelihood, 8% rates. On the other hand, you can't have 8% rates and the current underwriting environment with the loose monetary policy. There's a lot of money out there to lend, and until we find the Federal Reserve bank pushing on a string, the money is going to go out there at reasonable rates... but pretty much only to the most reasonable risk. Add in a recession and you have the likelihood of lower rates. I’m skeptical, but I’m not so married to my theories that I can’t see a counterbalance here. The resets will still be coming next year, and frankly most subprimes are teaser rates so the adjustments are steep. It won’t help enough to stop a decline, but it’s better than what was previously the likelihood, 8% rates. On the other hand, you can’t have 8% rates and the current underwriting environment with the loose monetary policy. There’s a lot of money out there to lend, and until we find the Federal Reserve bank pushing on a string, the money is going to go out there at reasonable rates… but pretty much only to the most reasonable risk. Add in a recession and you have the likelihood of lower rates.

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