My Maht skilz are okea butt iam not so guud at engrish..... and mi spellling sux too.
Thanks OC,
To clarify, the numbers posted on the BMIT website are cumulative totals for the year. But the nearly 5900 foreclosures is the number for August. Man, that is a lot for one month.
House prices are falling still but the last 3-4 weeks I have seen no prices moving at all and not many reo in the Corona area.
Banks are even pricing them higher on REO's. Prices are coming down but no one has mentioned on here about the interest rate going up and up over the last month. Historically the 30 year fixed is based on the bond rate. But with the banks losing there ass they are charging a higher preminum on the fixed loan now. Now they are going off the inflation rate. Right now based on the bond rate the 30 year fixed should be like 5.60- 5.70 % and right now it is 6.125% which is actually down from 6.625% from 3 weeks ago.
Where does everyone think the rate is going in the next say 6 months or so??
It depends on the price range you are looking at. I did notice the $300k to $400k homes have not moved much in the last month. But the higher end stuff is definitely still dropping.
7 comments:
word of caution x, the number is cumulative.
pretty sure X did the math correctly...
yes he did. just want to make sure readers are aware the 22,000 number is cumulative.
My Maht skilz are okea butt iam not so guud at engrish..... and mi spellling sux too.
Thanks OC,
To clarify, the numbers posted on the BMIT website are cumulative totals for the year. But the nearly 5900 foreclosures is the number for August. Man, that is a lot for one month.
Wow is right. How will the realtards spin this? That'll be fun to read.
House prices are falling still but the last 3-4 weeks I have seen no prices moving at all and not many reo in the Corona area.
Banks are even pricing them higher on REO's.
Prices are coming down but no one has mentioned on here about the interest rate going up and up over the last month.
Historically the 30 year fixed is based on the bond rate. But with the banks losing there ass they are charging a higher preminum on the fixed loan now. Now they are going off the inflation rate. Right now based on the bond rate the 30 year fixed should be like 5.60- 5.70 % and right now it is 6.125% which is actually down from 6.625% from 3 weeks ago.
Where does everyone think the rate is going in the next say 6 months or so??
It depends on the price range you are looking at. I did notice the $300k to $400k homes have not moved much in the last month. But the higher end stuff is definitely still dropping.
Post a Comment