Bob Walters
Bob Walters
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.
employment interest rates remain
We may see a flattening of the increase, but not much of a drop. The fundamentals remain strong: Employment is robust, and interest rates remain low.
activity continue difference interest programs rate virtually
Refinance activity will continue as homeowners refinance out of adjustable rate mortgages and into fixed-rate programs now that there is virtually no difference between long- and short-term interest rates.
city declined great impediment interest resolve sacrifice seen shown
If I'm seen as an impediment to downtown, it's only because I declined to sacrifice my own welfare. I'm not the problem. The city has shown no great inclination to resolve this. They've shown no interest in being creative, which is unfortunate.
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.
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.
coming expected home sales solid support
Solid fundamentals are expected to support home sales in coming months.
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.
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.