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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (12094)	4/17/2004 8:51:49 AM
From: russwinter	Read Replies (2) of 110194

<Noland: I certainly don’t see this week’s 3.67% one-year adjustable rate out in the West discouraging prospective California home buyers.> I wonder if anybody has spotted a statistic about the percent of ARMs (specifically one and three year) in the hyper-inflated property markets like California, Seattle, East Coast financial centers? It's running about 30% now nationwide, but may start to increase now with the higher rates. But the way the rate curve works right now, it would appear to entice the lemmings into the 3 or 5 year ARMs or worse a 1, as the 7 jumps. Many, if not most proabably couldn't qualify with a 30. erate.com I wonder because even a "tightening lite" could have major ramifications there. Would 3.7% to 4.0% do much? to 4.25%? There probably is an inflection point that does it?

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