tag:blogger.com,1999:blog-19043944.post114109931945088556..comments2023-06-07T08:21:59.372-04:00Comments on The Upcoming Housing Boom: BACK ON TRACK!!!!Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19043944.post-1141169154341501232006-02-28T18:25:00.000-05:002006-02-28T18:25:00.000-05:00The 30 year conventional fixed 80% LTV is no longe...The 30 year conventional fixed 80% LTV is no longer the only benchmark. 78% of the mortages in Orange Countylast year were nonconforming for instance. Every one of those mortgages is funded with short term money before it is bundled and resold. ECR took a 30% hit yesterday in just such a squeeze. Two weeks of a decline of less than 20 BP after 80 BP upward in the previous 6 weeks does not a trend make. <BR/><BR/>Some mortgage rates have been rising steadily. Some like the 30 yr have been rising unsteadily. Back on track is not applicable for this situation.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-19043944.post-1141167931740105712006-02-28T18:05:00.000-05:002006-02-28T18:05:00.000-05:00I went back. The bench mark would first be the 30 ...I went back. The bench mark would first be the 30 year mortgage.<BR/><BR/>Games the fed does to manipulate short term borrowing, only impact short term money. The economy and credit worthiness of people controls the long term debt.<BR/><BR/>No question about it. a 3 year arm and the 30 year mortgage are converging. The 30 year mortgage will win the battle thanks to the surging US dollar. It is obviously your opinion that the 3 year arm will push the 30 year mortgage up. Not a laughable view. We will see who is right.<BR/><BR/>But in the mean time. Main stream media's instance that morgate rates have been steadily rising is false.<BR/><BR/>The Associate Press, CBS, ABC, Yahoo News wire, Fox News, and I'm sure I left some out ARE ALL WRONG.Dogcrap Greenhttps://www.blogger.com/profile/08787720028392236244noreply@blogger.comtag:blogger.com,1999:blog-19043944.post-1141127376591537362006-02-28T06:49:00.000-05:002006-02-28T06:49:00.000-05:00Now go back to bankrate and do the same graph for ...Now go back to bankrate and do the same graph for 3/1 ARMs, 3mo and 6mo.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.com