Posted by Shoshana/AZ on 2/27/13 6:54pm
Msg #458297

Great article on page 1 of today's WSJ

It was about all the tactics builders use to entice people to buy new homes, especially if they are above what the borrowers can really afford. Many of them have in house mortgage companies. Can you say, deja vu?

Reply by JanetK_CA on 2/27/13 7:11pm
Msg #458302

Yeah, and I got something in the mail yesterday hawking ARM loans again. This could be a sign that the low-interest rate refi market is slowing down sooner than some expected. The lenders aren't going to just shrug their shoulders and give up, but it may get more and more difficult for them, and the nature of the type of signings we see is likely to change - again. This is also likely behind the layoffs people have been posting about here lately.