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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (149584)9/23/2008 4:48:35 PM
From: Peter VRead Replies (3) of 306849
 
NINE PERCENT on a 30-year jumbo? Plus a one point origination fee? There goes the California RE market ... especially the high end.

I've been saying for a while that rising interest rates are what is really going to kill the RE market.

WaMu only has rates for conforming loans posted, and when I tried to get a rate for a 750K home with a $1.0 mill value, it said none available. They require 30 percent down, for a 7 percent loan with 1.25 points.
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