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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (21740)	6/18/2004 8:17:56 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<I quoted lending margin only - 1.375%. With today's LIBOR it would be 2.655%. Last year when I wanted adjustable loan I was quoted LIBOR + 2.5%. Apparently there is a lot more of competition between the lenders now.>> Might not have as much to do with lender competition as it does with volatility in spreads between interest rates on various types of loans--ARMS vs. fixed, and various types of ARMS vs. other types of ARMS. Homebuyers have to get used to this in a changing interest-rate environment, which apparently we are in for, big-time, at the moment.