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

To: Ramsey Su who wrote (46035)	11/23/2005 12:02:16 PM
From: Paul Kern	Read Replies (1) \| Respond to of 110194

Interesting, Eh?

To: Ramsey Su who wrote (46035)	11/23/2005 12:15:48 PM
From: ild	Read Replies (3) \| Respond to of 110194

What is their definition of ARM? I guess everything not 15 or 30 year fixed? So something like 7/1 would be an ARM.

To: Ramsey Su who wrote (46035)	11/23/2005 12:47:57 PM
From: russwinter	Respond to of 110194

Not sure how to read that, is that some dollar amount. Seems to be, and it would be shocking, as it distorts the way MBA presents ARMs (as 33% of total applications not loan amounts ). The loan amounts are also interesting, and clearly show that ARMs are being used for much bigger (bubble locale?) loans. What is clear to me is that you have people in blue states financing more modestly prices homes with fixed, and the rest in red states crawling out on high ledges with ARMS. Loan activity in Bubble locales however, is enormous in comparison, so using national "median" or just applications is absurd. avg loan amount: Refi 250.0 Fixed-Rate 186.7 ARM 362.7