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Jimbo
2007 Apr 30, 4:07pm
Uh, we had a big long discussion about various places we had gotten loans and where we had gotten good and bad financing from. Remember this from HelloKitty?
The best loans I ever got were from Wells Fargo and Countrywide going DIRECT -no broker-. I made them match rates by faxing each other the Good Faith Estimate from the other guy.
They hated me for it but put up with me. Wells Fargo beat countrywide and my best loan ever was 4.375 APR amortizing 3/1 ARM (reset in 3 years).
Yet somehow this deal did not raise your ire. You are an odd bird.
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So far, looks like SP wins the "best successor to Robert Cote's 'Silent Spring, 2006' award! (Well, technnically he has to share some of the credit with Nathaniel Welch, but his applying the term to the housing market is original.)
Aside from that story about sales taking their worst plunge in 18 years, does anyone have any local observations from their own neighborhoods? How are things holding up in your neck of the woods? Has the fear and panic started to sink in a little, or are most sellers still drinking The Amerikan Dreamâ„¢-flavored Kool-Aid?
HARM
#housing