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.
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 falling home inflation rates remain remains rock sales strong
Home sales will remain strong because all the fundamentals remain rock solid. Long-term rates are falling, inflation is falling and employment remains strong.
although benefit continues job market mortgage purchase range rates remained strong within
Although down somewhat, the purchase market continues to benefit from strong job formation and long-term mortgage rates that have remained within range of 40-year lows.
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.
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.
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.