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

To: posthumousone who wrote (149751)9/24/2008 8:37:41 AM
From: Cal AmariRespond to of 306849
 
"Is now the best time to buy a house?"

Depends - are you looking to get a jumbo loan? You will be looking at 9% or higher interest rate, if you can find a lender that will fund the loan.

Conforming limits will probably stay lower given that We the Sheeple own FNM, etc.

I think the best strategy would be to amass cash in the short term to avoid a jumbo loan.

High priced market are going to be decimated even more if interest rates continue their climb.


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