Bob Walters
Bob Walters
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.
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.
banker buy credit critically home mortgage people pull score talk understand year
It's critically important that people understand and know what their what their credit score is, ... Even if you're not going to buy a home for a year or two, you need to talk to a mortgage banker you trust. They're going to pull what's called a tri-merged credit report.
land three worth
That land is worth more than it was two or three years ago.
excited gain moderation six starting
I try not to get too excited over any month's gain or loss, but we are starting to see a moderation of the acceleration. We won't know if we've topped out for six to 12 months.