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neversaynever
1044 Posts |
 Posted - 04/01/2008 : 6:25:48 PM
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No to long ago it would be out of this world if yields dropped by more than half a point over night, or hell over a week. Today I saw almost a full point difference in Chase's 30yr fixed, from yesterday! I mean WTF happened overnight that was such a big deal? Sure some banks came out with losses and for some reason Wall street took that as good news and rallied the markets, but fresh and early at 8am rates were worse, like they knew it was going to happen.
Then you top that with the fact that there are MAJOR fico hits, and new LTV hits, NEW Cash out Hits, NEW Credit Score hits up to 720 with Freddie...
WHEN IS THE PENDULUM GOING TO START SWINGING BACK THE OTHER WAY??? |
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smoothlid
429 Posts |
Posted - 04/01/2008 : 6:53:15 PM
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| when did they attach the large hatchet to the pendulum??? |
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dtabar
813 Posts |
Posted - 04/01/2008 : 6:56:46 PM
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| They'll make it worse overnight, but they'll take a week to price it for the better! ARG. |
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