Ed Mack Posted March 19, 2020 Share Posted March 19, 2020 Any mortgage brokers or real estate agents out there? I am curious to see how this is affecting home sales and the ability to acquire mortgages. Thanks... Link to comment Share on other sites More sharing options...
$20 on joe vs dan Posted March 19, 2020 Share Posted March 19, 2020 4 minutes ago, Ed Mack said: Those who are using this to profit are neither our best or brightest. fair point..but you can't tell me there would be a shortage in test kits if private sector was involved earlier Link to comment Share on other sites More sharing options...
$20 on joe vs dan Posted March 19, 2020 Share Posted March 19, 2020 The US has the best in Logistics : Amazon and FedEx and UPS Information Management: Google / Facebook Communications: Twitter Consumer Tech: Apple YET none of these were asked for help by our government We have the best and the brightest...but they are currently on the bench while the C-team is handling the crisis 1 Link to comment Share on other sites More sharing options...
Pseudoty Posted March 19, 2020 Share Posted March 19, 2020 1 minute ago, Ed Mack said: Any mortgage brokers or real estate agents out there? I am curious to see how this is affecting home sales and the ability to acquire mortgages. Thanks... My youngest works in mortgages for a national bank and their rates went up even though the Fed Funds rate was cut to 0. Also they are no longer processing applications new or existing for anyone with a FICO below 660. Link to comment Share on other sites More sharing options...
$20 on joe vs dan Posted March 19, 2020 Share Posted March 19, 2020 Just now, Pseudoty said: My youngest works in mortgages for a national bank and their rates went up even though the Fed Funds rate was cut to 0. Also they are no longer processing applications new or existing for anyone with a FICO below 660. yeah, I just had a refi closed a few days ago; anything new are facing up to 1% higher than weeks ago...too much supply and banks have more than they can possibly process anyway. better to wait; my broker said may dip to 3% (30 year fixed) but gotta give it time to stabilize. FYI: there is a 6-month wait time to refi again (4 months to lock in a rate) Link to comment Share on other sites More sharing options...
Ed Mack Posted March 19, 2020 Share Posted March 19, 2020 1 minute ago, Pseudoty said: My youngest works in mortgages for a national bank and their rates went up even though the Fed Funds rate was cut to 0. Also they are no longer processing applications new or existing for anyone with a FICO below 660. Yeah, they are so busy they are raising rates even with the 10 year bond yields they way they are. I'm just curious to see if people were still buying homes and getting mortgages considering I have to sell mine in a few weeks to move into my new one, which I need a loan for. Talk about bad timing. 1 Link to comment Share on other sites More sharing options...
jeff_14 Posted March 19, 2020 Share Posted March 19, 2020 8 minutes ago, $20 on joe vs dan said: yeah, I just had a refi closed a few days ago; anything new are facing up to 1% higher than weeks ago...too much supply and banks have more than they can possibly process anyway. better to wait; my broker said may dip to 3% (30 year fixed) but gotta give it time to stabilize. FYI: there is a 6-month wait time to refi again (4 months to lock in a rate) Here in Canada mortgage rates have fallen with prime so lots of refi activity happening. Home sales are expected to fall off a cliff as no one wants to go to open houses Link to comment Share on other sites More sharing options...
elmaslıefendi Posted March 19, 2020 Share Posted March 19, 2020 3 1 Link to comment Share on other sites More sharing options...
$20 on joe vs dan Posted March 19, 2020 Share Posted March 19, 2020 3 minutes ago, jeff_14 said: Here in Canada mortgage rates have fallen with prime so lots of refi activity happening. Home sales are expected to fall off a cliff as no one wants to go to open houses If this is like the housing bubble collapse in CA...there will still be buyers; but the only ones selling at non-discount are highly desirables Link to comment Share on other sites More sharing options...
jeff_14 Posted March 19, 2020 Share Posted March 19, 2020 Just now, $20 on joe vs dan said: If this is like the housing bubble collapse in CA...there will still be buyers; but the only ones selling at non-discount are highly desirables There was an article in the paper a week ago (long time ago now) saying Toronto real estate was better than gold as prices and sales had continued to skyrocket right up until last week. Now everyone here is waiting to see if the party is over for a while. We’ve had a huge housing and rental shortage here for years so even a setback shouldn’t last long. Link to comment Share on other sites More sharing options...
Ed Mack Posted March 19, 2020 Share Posted March 19, 2020 5 minutes ago, jeff_14 said: There was an article in the paper a week ago (long time ago now) saying Toronto real estate was better than gold as prices and sales had continued to skyrocket right up until last week. Now everyone here is waiting to see if the party is over for a while. We’ve had a huge housing and rental shortage here for years so even a setback shouldn’t last long. I've been reading that many people are removing their homes from the market for fear of people walking thru. This is only going to make what is out there even more sought after. Link to comment Share on other sites More sharing options...
exciter1 Posted March 19, 2020 Share Posted March 19, 2020 41 minutes ago, Ed Mack said: Yeah, they are so busy they are raising rates even with the 10 year bond yields they way they are. I'm just curious to see if people were still buying homes and getting mortgages considering I have to sell mine in a few weeks to move into my new one, which I need a loan for. Talk about bad timing. We built in 2010 and acquired all approvals in 2009. If you have a good history and high credit score, you shouldn't have an issue. 1 Link to comment Share on other sites More sharing options...
brickolodon Posted March 19, 2020 Share Posted March 19, 2020 2 Link to comment Share on other sites More sharing options...
Darth_Raichu Posted March 19, 2020 Share Posted March 19, 2020 So nobody is going to post that Trump asked FDA to remove red tapes around clinical trials for drug called Hydroxychloroquine for COVID-19? This is a good news ! 1 Link to comment Share on other sites More sharing options...
$20 on joe vs dan Posted March 19, 2020 Share Posted March 19, 2020 6 minutes ago, Darth_Raichu said: So nobody is going to post that Trump asked FDA to remove red tapes around clinical trials for drug called Hydroxychloroquine for COVID-19? This is a good news ! awesome...should have been done in Jan (or looked into)...but being 3 months late only costed a handful of American Lives Link to comment Share on other sites More sharing options...
fuzzy_bricks Posted March 19, 2020 Share Posted March 19, 2020 8 minutes ago, $20 on joe vs dan said: awesome...should have been done in Jan (or looked into)...but being 3 months late only costed a handful of American Lives First case was reported Jan 20th. Once again you're looking at this through the lens of hindsight being 20/20. 1 Link to comment Share on other sites More sharing options...
ravenb99 Posted March 19, 2020 Share Posted March 19, 2020 23 minutes ago, Darth_Raichu said: So nobody is going to post that Trump asked FDA to remove red tapes around clinical trials for drug called Hydroxychloroquine for COVID-19? This is a good news ! I did read an amusing quote about it “Nice part is it’s been around a long time, so if things don’t go well, we know it won’t kill anyone,” Trump said. I mean that is a plus... 2 1 Link to comment Share on other sites More sharing options...
Ed Mack Posted March 19, 2020 Share Posted March 19, 2020 11 minutes ago, ravenb99 said: I did read an amusing quote about it “Nice part is it’s been around a long time, so if things don’t go well, we know it won’t kill anyone,” Trump said. I mean that is a plus... Honest. Maybe not well said, but honest. 2 Link to comment Share on other sites More sharing options...
Ed Mack Posted March 19, 2020 Share Posted March 19, 2020 32 minutes ago, $20 on joe vs dan said: awesome...should have been done in Jan (or looked into)...but being 3 months late only costed a handful of American Lives Let's hope it is effective. It's amazing the red tape and bureaucracy out there...like the N95 masks for example. Companies didn't want to make them for fear of lawsuits because they were being used for medical purposes. It wasn't until the Feds said they would insure the masks that they are moving ahead with production. 1 Link to comment Share on other sites More sharing options...
oneknightr Posted March 19, 2020 Share Posted March 19, 2020 2 hours ago, $20 on joe vs dan said: yeah, I just had a refi closed a few days ago; anything new are facing up to 1% higher than weeks ago...too much supply and banks have more than they can possibly process anyway. better to wait; my broker said may dip to 3% (30 year fixed) but gotta give it time to stabilize. FYI: there is a 6-month wait time to refi again (4 months to lock in a rate) We closed on our recent refi a month ago. Will look to refi again but broker recently told me to wait at least another two months or so. He'd prefer I wait three more months so he doesn't lose his commission. I understand his point of view, but on my end, we have a jumbo loan (thanks California!), so any reduction in rates is a decent amount in savings. We'll see. I'm sure he's not hurting with all the applications out there right now. But yeah, rates aren't lower for me right now for reasons you stated Joe. I'm hoping jumbo rates can get down to 3.25% or lower later. Link to comment Share on other sites More sharing options...
$20 on joe vs dan Posted March 19, 2020 Share Posted March 19, 2020 (edited) 1 hour ago, fuzzy_bricks said: First case was reported Jan 20th. Once again you're looking at this through the lens of hindsight being 20/20. OK...why not yesterday, a week ago, a month ago? my point is still obvious for those not trying to be a devil's advocate...unless you think a couple weeks or month doesn't make a difference Edited March 19, 2020 by $20 on joe vs dan Link to comment Share on other sites More sharing options...
$20 on joe vs dan Posted March 19, 2020 Share Posted March 19, 2020 1 hour ago, Ed Mack said: Let's hope it is effective. It's amazing the red tape and bureaucracy out there...like the N95 masks for example. Companies didn't want to make them for fear of lawsuits because they were being used for medical purposes. It wasn't until the Feds said they would insure the masks that they are moving ahead with production. like I said...we have the brightest minds already...but they are not the people in charge sorry that it keeps getting political...but it's damn hard seeing schools close and the government hasn't even started to exhaust all possibilities Link to comment Share on other sites More sharing options...
Ed Mack Posted March 19, 2020 Share Posted March 19, 2020 https://www.accuweather.com/en/health-wellness/higher-temperatures-affect-survival-of-new-coronavirus-pathologist-says/700800?utm_campaign=accuweather&utm_medium=social&utm_source=twitter&utm_content=1584142679 Link to comment Share on other sites More sharing options...
SpaceFan9 Posted March 19, 2020 Share Posted March 19, 2020 (edited) More freebie links: Coloring Puzzles PreK: https://www.criticalthinking.com/media/free_gift_ebooks/03001PEP-Critical-Thinking-Coloring-Level-1.pdf Puzzles K-5: https://www.criticalthinking.com/media/free_gift_ebooks/Critical-Thinking-Puzzles-Grades-K-5-eBook.pdf Math Puzzles 1-5: https://www.criticalthinking.com/media/free_gift_ebooks/Addictive-Math-Puzzles-Grades-1-5-eBook.pdf p.s. One down side of homeschooling is we have a budget line-item for printer ink. :-) Edited March 19, 2020 by SpaceFan9 added post-script 3 Link to comment Share on other sites More sharing options...
Pseudoty Posted March 19, 2020 Share Posted March 19, 2020 The US State Department on Thursday warned American citizens not to travel abroad due to the coronavirus pandemic, issuing the highest possible level of travel advisory. The Level 4: Do Not Travel advisory "advises U.S. citizens to avoid all international travel due to the global impact of COVID-19." The State Department urged Americans "in countries where commercial departure options remain available" to "arrange for immediate return to the United States, unless they are prepared to remain abroad for an indefinite period." Link to comment Share on other sites More sharing options...
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