The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (200900)	5/7/2009 1:16:28 PM
From: Skeeter Bug	Read Replies (1) of 306849

JQP, i did a 30 year fixed and i'm taking out lots of cash. my only concern is keeping the money safe form the coming bank and brokerage closures before i can buy an upgrade home for ~$150k with interest rates in the 15% range. of course, i'll be paying 4.75% cash for it (if i can keep it from being stolen by "change you can believe in." i'll rent my current home and try to ride out the wave of austerity. i think another 75% haircut from current levels is doable once rates go up. ps - wells fargo still showing 4.75% for a 30 year fixed rate.

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