Jun 29, 2022
11:11:48am
11:11:48am
Most home mortgages were on 30 year fixed rates to people with credit scores
over 720. I don't see that as a recipe for mass foreclosures. Last time borrower's were not nearly as qualified for their mortgages and there was a large amount of adjustable rate mortgages so people saw their payments shoot up by $500-1000 where their rate adjustments kicked in. That won't be happening this time.
If I had to guess I would guess prices come down 10% or so in the short term, level off for a bit and start another slow climb. But I don't have a crystal ball, so what do I know
If I had to guess I would guess prices come down 10% or so in the short term, level off for a bit and start another slow climb. But I don't have a crystal ball, so what do I know
- Bio page
- Gente_Boa
- Joined
- May 6, 2013
- Last login
- May 14, 2024
- Total posts
- 4,436 (20 FO)
Messages
Time
It sure seems like (in my uneducated option) that the housing market could get really bad, really fast.
6/29/22 9:08am
6/29/22 9:13am
6/29/22 9:17am
6/29/22 9:20am
6/29/22 9:33am
One thing that could save a lot of people is remote work and there being less need to sell a home and move for new work.
6/29/22 10:00am
6/29/22 10:42am
6/29/22 10:13am