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Watch the cbot agency note futures
Chris
----- Original Message -----
From: "W. Parks" <parks@xxxxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Wednesday, September 05, 2001 8:17 PM
Subject: Re: off topic: well, another rumor, about house market shakeout...
> I've been watching the 15yr jumbo loan rates to do a refi. Countrywide CEO
> was on the tube the other day saying rates would continue to come down
over
> the next couple of months. A Bear Sterns guy was on one of the Sunday
> morning talk shows and he too felt mortgage rates would continue to fall.
> However if one were to look at the 30yr bonds and 10 yr notes, it would
> appear that maybe the top was in place in March. Other than the bond/note
> markets, are there other, better markets/indices to follow the direction
of
> mortgage rates?
>
> William
>
>
>
> > this time the rumor is that US house market
> > is nearing a shakeout.
> > one shake out down, another one to go.
> > my RE sources are telling me that the luxury housing
> > market is grossly overheated all around the country
> > and is about to correct, especially higher prices
> > ( expensive ) housing. the rational is that the
> > expensive homes are speculative investment
> > and as the owners
> > will try to take profits towards the end of the trend
> > the crash is imminent.
> >
> > i kinda feel it myself and you might start hearing
> > it on CNBC more often.
> > could anyone with RE connections please confirm
> > that you there is talk going on around...
> >
> > if that's the case then selling the overprice house now
> > and buying back similar house later might be
> > the best buy of the decade???
> >
> > certainly sounds and feels like that buying a house now
> > is tempting with low interest rates but what if it
> > collapses and rate goes even lower???
> > bilo.
> > ps. luxury housing ( whateverfront ) went up to 100-150 %
> > in the past 2-3 years... houses that were worth
> > 1-2 mil 2-3 years ago are now up to 5-6 mil.
> > waterfront luxury condos that were worth 1/4 mil
> > then are now more than 1/2 to a mil...
> > although those are price setters but feels like
> > reversion to the mean is a must here as those
> > investment have to be turned into hard cash.
> >
>
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