Bob Moulton Quotations

We're making a transition from a seller's market to a buyer's market. Inventory is starting to swell.

What I do for people is I look at the weighted average of what their mortgage rate is.

Monday morning is usually my busiest time. I've had only a half dozen applications today.

I think they're probably going to do one more at the next meeting for another quarter per cent because they think that inflationary figures are still running a little higher than they would like.

I think people who were trying to get into investment properties and trying to flip them won't see those financial advantages with the short-term rates being higher than the long-term rates.

You're going through a fire drill before closing, lining up inspectors, attorneys, getting paperwork together. It's a lot easier if you already have the loan in place.

It was quiet, but the last few weeks have been brisk.

The fallout of higher short-term rates will be seen in second mortgages, lines of credit, car loans and consumer loans.

I'm seeing some gradual softening of about 5 percent in real estate prices so far this year, but nothing precipitous that would indicate a bubble exists.

Before banks wanted to see three comparable sales. Now lenders are asking for a fourth and a fifth comparable.

A lot of lenders are sending out letters stating that they are going to start accepting loans at higher loan limits well ahead of the Fannie Mae announcement.