Catching up with October charts ... overall, Westside inventory is similar to this time a year ago, except for low-end Palms-Mar Vista. Santa Monica less than $3 million is higher.
Our big question is, are conditions such that prices will drop again in 2010 like they did earlier in 2009? Inventory level is a yes. Availability of jumbo loans is another yes. General economic outlook is more of a question. Dismal earlier this year, it's improved some in popular perception but hasn't changed the earlier drop in high-end prices.
Monday, November 9, 2009
October inventory charts
Subscribe to:
Post Comments (Atom)
9 comments:
Jumbo loans are getting way easier to get now...if you are qualified. Just got one at 4.875% for 1.5m
That is indeed a sweet sweet rate on 1.5
How much did you have to put down? My bank is saying that 25% down is a must - what about yours?
different from anon4:41: from my own investigations, BofA is the only game in town for jumbo loans.
approx 5.75% for a 30 yr fixed. pay .5-1 pt if put only 20% down.
would love to know the terms of the 4.875% loan. likely 5 yr i/0, pls pts.
Yep, 25-30% down. Ouch.
5 year interest only....you can get abour 5.5% for a 30Y fixed
Don't want to quibble with rates here....but just saying it is wayyyyy easier to shop jumbos now than 1 year ago...credit markets are loosening up in this category IF (and thats a big if) you are well qualified....
Can anyone point me to a bank offering 30 year fixed rate under 5% for jumbo loan? I am willing to put 25% down but no more than 25% down
As a previous anon said, BofA is the only game in town for jumbo loans.
Specifically, you should check with the private bank at BofA (U.S. Trust - http://www.ustrust.com)
ING, B of A, GMAC, Chase, HCSB and US Bank all do super jumbos in CA.
Tell your mortgage broker to get off his A** and do the legwork!
Super Jumbo rates are as follows
4.855 percent loans are available with 20% down
but only available to those with the right credit scores.
Think you qualify?
Call your broker
Post a Comment