prediction: Chrystal Ball predictions!
- 03/27/09 09:19 AM
What a market! Dispite prevailing opinion that interest rates did not have much further to drop, we see lenders again and again drop rates on 5 year product to entice customers. This is gratifying for me as a mortgage broker because I get to be the bearer of good news! But how long can this be sustained? China is on a buying spree securing real estate, resource companies and supply contracts. The timing is suspicious as it indicates the Chinese do not think the market will drop further. Housing inventory is moving, albeit at lower prices. Certainly no sales records, but … (1 comments)
What a market! Dispite prevailing opinion that interest rates did not have much further to drop, we see lenders again and again drop rates on 5 year product to entice customers. This is gratifying for me as a mortgage broker because I get to be the bearer of good news! But how long can this be sustained?
;)
;)
