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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (38191)8/9/2005 3:27:50 PM
From: dpl  Read Replies (1) | Respond to of 110194
 
"What happens if property values drop?
Can they refi the amount needed?
Somewhere along the line appraised values are going to tighten signigficantly, credit scores matter, or other risks factored in.
Perhaps refinance fees go up as well. "

That's my point.I don't think that this will be a "pin" that pops the RE bubble.I think that once the bubble pops it will help prices plunge.

"But you also miss the point of refinance to what rate. Assuming someone got in at the bottom of the interst rate yield or with a teaser rate that has expired, exactly what rate will they get when they refinance?"

This is actually my question.Can someone "now" get another loan with another low teaser rate?

David