Comments on: Mortgage Market Update

By: Andalucia Property

Andalucia Property — Sat, 25 Oct 2008 18:42:31 +0000

This high mortgage rates is not good news. More and more homeowners will be facing foreclosures if this will continue to soar high. It would help if they would seek out an expert’s advice and work with them to re-structure their loans. The current economic situation is quite depressing, but we can hope for the best and hold on.

By: Late Night Austin Real Estate

Late Night Austin Real Estate — Thu, 23 Oct 2008 14:50:50 +0000

Ugh. I thought rates were high enough already. I cant believe how fast they have risen over the last month.

By: Lon Passoff

Lon Passoff — Thu, 23 Oct 2008 04:47:48 +0000

I own a check processing company called Green By Phone, and have been seeing a turn towards loan “re-organization.” I see a lot of problems in our future, but I also see some good times ahead in different ways. Is it possible that by reorganizing loans we can affectively turn a bad situation around? Maybe if we give a break to the people who have the high interest rate loans they may just be able to afford their overpriced homes… maybe?

By: Real estate investing

Real estate investing — Tue, 21 Oct 2008 17:11:30 +0000

Mortgage Jack wrote:
>In such environment, any glimmer of good news will lift the moods considerably.

Just yesterday I heard the market went up 400 points and CA Real estate sales were way up 65%. I thought wow some really positive news. I latter found out the reporting left out the fact whil number of CVA sales were way up prices were down 35%

Ned Carey

By: Mortgage Jack

Mortgage Jack — Tue, 21 Oct 2008 10:17:46 +0000

There is a benefit to all the "bad news", "more bad news" and a "lot more bad news" - people will eventually grow numb of it and markets will find it's bottom (if they haven't already). In such environment, any glimmer of good news will lift the moods considerably. Also, look out for news on next stimulus package that is in works as endorsed by Bernake and urged by Democrats and Obama pushing for new stimulus to be implemented before new administration takes over (see Bloomberg article). But do not hope for lower mortgage rates just yet. So far bailout plan=higher mortgage rates (see article here)

By: West Hampstead

West Hampstead — Tue, 21 Oct 2008 08:53:39 +0000

I would be intersted to know what might be the effect of the expected Obama win? I have not read anything about this (Yet) Why should there be pain for the banks? What are you expecting? It affects us all.

By: Florida Beach Real Estate

Florida Beach Real Estate — Tue, 21 Oct 2008 07:27:42 +0000

Well written post about the current situation in the mortgage market. I do look forward to seeing the lower rates.

By: Armand Jawanmardi

Armand Jawanmardi — Mon, 20 Oct 2008 22:19:32 +0000

The mortgage crisis facing America is daunting but I think it begins with holding those responsible accountable. There is nothing worse than tricking people into believing they can afford a $300,000 home when in reality they can afford a $100,000 home.

I believe the American Dream is under attack but that there is hope. My hope is that the next administration, whoever it may be, will address these issues.

Thank you for your article.

By: VA refinance

VA refinance — Mon, 20 Oct 2008 18:38:42 +0000

Robert thanks for the info I guess we can all hope for lower rates and it looks like that is going to happen todya but long term I still think we need to buckle up

By: Ling

Ling — Mon, 20 Oct 2008 15:05:04 +0000

I think maybe the next big trigger for the markets is probably going to be election day. If the Democrats sweep Congress and Obama wins, there’s a lot of pain in store for the banks.