Bob Walters
Bob Walters
continue housing jobs low market provide rates strong support
Low long-term rates and a strong jobs market will continue to provide substantial support to the housing market.
hate housing last month people triple
I hate when people try to read too much into a monthly number. Last month did not portend that housing was going to triple and this month does not portend that housing is going to collapse.
basically bulls hoped housing interest jobs low number rates showing strong
The bulls basically hoped for a number showing housing is eroding, and they didn't get it. I'm not surprised. As long as jobs are strong -- as long as interest rates are low -- this isn't going to change.
businesses coming hot housing people tactics using
This is one of the many different tactics businesses are using to get in on the hot housing market. Lenders are grappling with what they can do to keep people coming to the market.
activity country demand gulf housing incredibly move needle remains rest states
Demand remains incredibly robust. Housing activity in the rest of the country was very robust, and the destruction in the Gulf states just wasn't enough to move the needle downward.
band fixed mortgage rates stayed
Fixed mortgage rates stayed in a narrow, historically low, band in February.
adjust arms current exit fixed higher rate rates realize safety trend year
The trend of homeowners to exit adjustable rate mortgages into the safety of fixed rates has intensified; those homeowners realize that when those ARMs adjust, they will adjust to rates higher than today's current 30 year fixed rate.
adult bald hanging standard
That would be your standard adult bald eagle...just kind of hanging out as they do.
array credit developing hard past products second three types wide worked
We have worked hard over the past three years in developing a wide array of products -- all credit types, all documentation types, all amortization types and all combinations of first and second mortgages.
coming expected home sales solid support
Solid fundamentals are expected to support home sales in coming months.
bring double economics economy-and-economics five four houses plain rise six three value
We've been on a meteoric rise for three or four years now. Houses can only double in value every five or six years for a while before plain economics bring them back in line.
left
We only have one left that still has to go.
approve
We had 82 applications for permits, but we were able to approve only 26 of them.
causing continue exceed fed news raising rates surprised
News from the Fed that they may continue raising short-term rates surprised the market, causing short-term rates to exceed long-term rates.