Comments on: We’re not in a declining market…we’re just soft http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/ Seattle's Leading Resource for Real Estate Information Thu, 18 Mar 2010 03:20:05 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: How Quickly Guidelines Change | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-276551 How Quickly Guidelines Change | Rain City Guide | A Seattle Real Estate Blog... Tue, 04 Mar 2008 04:37:51 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-276551 [...] Again…this is just an example from one lender. What does this mean to me and other lenders? Obviously we won’t be using MortgageIt for these programs…we couldn’t if we wanted to…however, other lenders are still offering (as of today) these programs. Much like WaMU declaring most of Washington soft…other lenders are not yet. Mortgage Professionals will opt for lenders who will provide the most options for our clients. Why work with a bank/lender who’s going to discount home values 5% when others are not? [...] [...] Again…this is just an example from one lender. What does this mean to me and other lenders? Obviously we won’t be using MortgageIt for these programs…we couldn’t if we wanted to…however, other lenders are still offering (as of today) these programs. Much like WaMU declaring most of Washington soft…other lenders are not yet. Mortgage Professionals will opt for lenders who will provide the most options for our clients. Why work with a bank/lender who’s going to discount home values 5% when others are not? [...]

]]> By: Rhonda Porter http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267428 Rhonda Porter Wed, 20 Feb 2008 02:55:14 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267428 I'll be waiting, Q-Diddy...but I'm not sure if you're going to get it. CPI comes out tomorrow which indicates inflation so I'm anticipating that rates may increase more tomorrow (or dive) depending on what the report produces. How did you select your the person who is providing you this great rate? I’ll be waiting, Q-Diddy…but I’m not sure if you’re going to get it. CPI comes out tomorrow which indicates inflation so I’m anticipating that rates may increase more tomorrow (or dive) depending on what the report produces.

How did you select your the person who is providing you this great rate?

]]> By: Q-Diddy http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267422 Q-Diddy Wed, 20 Feb 2008 02:39:43 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267422 Ok thanks Rhonda! Check back with you after a few more rate drops! Ok thanks Rhonda!

Check back with you after a few more rate drops!

]]> By: Rhonda Porter http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267416 Rhonda Porter Wed, 20 Feb 2008 02:25:38 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267416 Q-Diddy, I just ran a quick scenario in our pricing engine that compares various lenders (I use this for pricing loans for my clients) and you could not get that rate today...you had great timing. Q-Diddy, I just ran a quick scenario in our pricing engine that compares various lenders (I use this for pricing loans for my clients) and you could not get that rate today…you had great timing.

]]> By: Q-Diddy http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267408 Q-Diddy Wed, 20 Feb 2008 02:20:08 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267408 What else do you need? What else do you need?

]]> By: Rhonda Porter http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267404 Rhonda Porter Wed, 20 Feb 2008 02:14:08 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267404 Q-Diddy, I would need a lot more info to price it out. Like I said, from what you've told me, it sounds good. Rates went up quite a bit today...as long as you're really locked then you should be fine. Q-Diddy, I would need a lot more info to price it out. Like I said, from what you’ve told me, it sounds good. Rates went up quite a bit today…as long as you’re really locked then you should be fine.

]]> By: Q-Diddy http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267394 Q-Diddy Wed, 20 Feb 2008 02:02:54 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267394 Sorry to hear about the DMV thing. Sorry to hear about the DMV thing.

]]> By: Q-Diddy http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267386 Q-Diddy Wed, 20 Feb 2008 01:49:54 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267386 Rhonda- It's only been 2 weeks since I've locked. 70% LTV with cash out. Think I can do better now? Rhonda-

It’s only been 2 weeks since I’ve locked. 70% LTV with cash out.

Think I can do better now?

]]> By: Rhonda Porter http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267372 Rhonda Porter Wed, 20 Feb 2008 01:27:19 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267372 Q-Diddy, I just spent 2 hours at the DMV to get my teen his permit... (probably TMI...sorry). It totally depends on when you locked, what your loan to value is, if the mortgage was cash out (including if a second mortgage was paid off)...it looks like you included all the other info...based on current rates (I post them here every Friday) it sounds good. BTW...if the 7 ARM is as good or just an 0.125 from the 5 ARM, then I'm just quoting the 7. Speaking of rates, tomorrow the CPI is released and it should prove to be another interesting day. Today was a real doozy too...one lender provided 4 rate intraday rate changes...so why not finish of the day spending 2 hours at the DMV. Q-Diddy,
I just spent 2 hours at the DMV to get my teen his permit… (probably TMI…sorry). It totally depends on when you locked, what your loan to value is, if the mortgage was cash out (including if a second mortgage was paid off)…it looks like you included all the other info…based on current rates (I post them here every Friday) it sounds good. BTW…if the 7 ARM is as good or just an 0.125 from the 5 ARM, then I’m just quoting the 7.

Speaking of rates, tomorrow the CPI is released and it should prove to be another interesting day. Today was a real doozy too…one lender provided 4 rate intraday rate changes…so why not finish of the day spending 2 hours at the DMV.

]]> By: Q-Diddy http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267299 Q-Diddy Tue, 19 Feb 2008 23:29:55 +0000 http://raincityguide.com/2008/02/11/were-not-in-a-declining-marketwere-just-soft/#comment-267299 Rhonda- I recently refied to a 5/1 Jumbo ARM with a rate of 5.5%, zero points, no prepay penalty, and a flat processing fee of $200. Full documentation was required. Do you know of any program that can beat that? Thanks- Rhonda-

I recently refied to a 5/1 Jumbo ARM with a rate of 5.5%, zero points, no prepay penalty, and a flat processing fee of $200. Full documentation was required. Do you know of any program that can beat that?

Thanks-

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