I watch TV and read newspapers, and spend way too much time on the internet reading about the economic crisis/lending crisis/recession etc etc. I still can't figure out two things that are making my life as a Realtor tough in St George UT.
Here are my question to all the MORTGAGE PROPHETS out there:
1) When will jumbo mortgages be reasonably priced again?
2) When will investors (real investors, with real down payments, who actually qualify) be welcomed back to buying activity by lenders? More specifically, when will landlord types who have more than 4 mortgages on there rental properties, have fairly priced options to buy more. I've got clients right now who want to take advantage of the "great deals" on real estate, who have large down payments, and want to add rentals to their long term portfolio.
Look forward to your wisdom.