If you can’t see them, and it’s quiet – does it affect you?
TP Effect
by Jim the Realtor | Aug 10, 2011 | Bubbleinfo TV, REOs for sale | 4 comments
by Jim the Realtor | Aug 10, 2011 | Bubbleinfo TV, REOs for sale | 4 comments
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
New post (San Diego Case-Shiller Index, Jan) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2023/03/28/san-diego-case-shiller-index-jan-4/
SDSU assistant Chris Acker just made us aware on @JonAndJim that over 50 former Aztecs that played for Steve Fisher and Brian Dutcher will be at the Final Four on Saturday. What an incredible bond.
Because few people service a mortgage for all 30 years (they get divorced, refinance, move or die), mortgage rates are compared to the 10-Year Treasury Note.
While Treasury yields have fallen, mortgage rates are stuck in the mid-6% area.
Huge spread vs. 10-year = 304bps.
This brings back some amusing memories, Jim.
I did what you did @ a house I looked at a few years ago. Thinking of making an offer after a viewing, until a friend told me to climb up on some landscaping rocks and look over the back fence to a neighbor’s. The entire backyard was full of piles of garbage and a rusted, old car. (The two houses were in different subdivisions).
The agent had previously told me that he had scoped out everything for me and knew the neighborhood well. I told him to get on the rock and take a look. His deer-in-the headlights look said it all. His face turned white and he meekly uttered the five words real estate agents don’t want to ask: “Is this a deal breaker?”
Of course now days you could just call the address up on any of the map sites, or google earth and get a good view of what is around. The trailer park should show up quite well on those sites. In fact that might be a sales feature to capture a view of the house and its surroundings and add it to the presentation. (If it helps the value)
I was hoping TP meant Tea Party. Oh well… back to Hannity.com.
BofA’s mortgage woes center around the $40 billion mortgage portfolio acquired during the purchase of Countrywide. At the time of the transaction, BofA immediately marked down the value of the portfolio by $8 billion.
Since then, Moynihan told Berkowitz the bank has marked it down by roughly $25 billion and 40% of it is currently delinquent.