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Reply #14: Not for re-fi's eh? ... Rats!!! n/t [View All]

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MazeRat7 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 07:52 PM
Response to Reply #13
14. Not for re-fi's eh? ... Rats!!! n/t
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  -CNN "Money Team" : Mortgage rates could fall BELOW 4% SoCalDem  Dec-13-08 01:05 PM   #0 
  - It will be a repeat of the housing bubble from the last few years.  theoldman   Dec-13-08 01:14 PM   #1 
  - Those with cash always do better when times are bad.  BeatleBoot   Dec-13-08 01:22 PM   #2 
  - It can drop to zero....  AnneD   Dec-13-08 01:27 PM   #3 
  - I don't see the residential housing market as attracting "investors", rich or otherwise,  gristy   Dec-13-08 01:27 PM   #4 
  - Foreclosed homes, bought on the cheap make pretty good investments  SoCalDem   Dec-13-08 01:32 PM   #5 
     - OK. I guess this would be a good thing, too. Helps put a floor on the market.  gristy   Dec-13-08 02:07 PM   #7 
     - With so many losing their jobs it makes the "fear factor" kind of outweigh  KoKo01   Dec-13-08 11:02 PM   #24 
  - So could I essentially swap houses with my next door neighbor?  GoesTo11   Dec-13-08 02:04 PM   #6 
  - except for the fact that even with lowered rates, MANY people could still not "afford"  SoCalDem   Dec-13-08 02:12 PM   #8 
  - OTOH, it will make it easier for people facing foreclosure to sell their homes.  Kristi1696   Dec-13-08 02:21 PM   #9 
  - My FHA adjustable just went down 1%...  3waygeek   Dec-13-08 03:25 PM   #10 
  - shh....some of us don't want to hear stuff like that!  earthlover   Dec-13-08 07:25 PM   #11 
  - Refinancing is a "new loan", typically with a different lender... why wouldn't any of us qualify ?  MazeRat7   Dec-13-08 07:41 PM   #12 
  - I think this is geared towards regular buyers, not investors.  genevat   Dec-13-08 07:47 PM   #13 
  - Not for re-fi's eh? ... Rats!!! n/t  MazeRat7   Dec-13-08 07:52 PM   #14 
     - Nope. Sorry. That's what my mortgage broker said. I just re-fi-ed at 5.6%  genevat   Dec-13-08 07:58 PM   #15 
        - Well I'm at 5.7 so I shouldn't bitch, but I would have liked a much lower rate... n/t  MazeRat7   Dec-13-08 08:03 PM   #16 
           - I came down from 6.3, and I could have gotten lower than 5.6...  genevat   Dec-13-08 08:07 PM   #17 
              - Every bit helps...  MazeRat7   Dec-13-08 08:16 PM   #18 
              - Hey thanks.  genevat   Dec-13-08 10:07 PM   #19 
              - I wish I could refinance... I'm at 6.25 and we have excellent credit...  Writer   Dec-13-08 10:31 PM   #21 
                 - Doesn't hurt to ask! nt  genevat   Dec-13-08 10:42 PM   #23 
  - Who will qualify for those mortgages? Not just the rich  notesdev   Dec-13-08 10:27 PM   #20 
  - Totally Wrong. It Will Totally Stimulate The Home Buying Market For Regular Home Buyers.  OPERATIONMINDCRIME   Dec-13-08 10:40 PM   #22 

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