tag:blogger.com,1999:blog-6616959642391988608.post5548500147001153438..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Economic gloom and doom is good for homebuyersScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-10802988017461959982010-07-01T20:45:44.413-07:002010-07-01T20:45:44.413-07:00Well, perhaps memory has played a trick.Well, perhaps memory has played a trick.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13574108806616201572010-07-01T18:07:38.189-07:002010-07-01T18:07:38.189-07:00Benjamin: I doubt very much that your father got a...Benjamin: I doubt very much that your father got a 3% mortgage in the 1960s, and whatever mortgage he did get was unlikely of the 30-yr fixed variety. 30-yr Treasury bonds did not exist until the late 1970s, and 10-yr Treasuries traded between 3.7% and 6% in the 1960s. No one would have lent long-term money to an individual back then for 3% when they could get a lot more by lending to the Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32881171949699543582010-07-01T17:25:29.716-07:002010-07-01T17:25:29.716-07:00"My crystal ball only goes out 20 years, so y..."My crystal ball only goes out 20 years, so you are on your own after that."<br /><br />Ahahahaha, your crystal ball told you to vote for Obama. I'd be wiser to get my advice off a men's room wall at a truck stop.Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52427146904376141762010-07-01T17:14:08.166-07:002010-07-01T17:14:08.166-07:00BTW, for those of you interested in the commercial...BTW, for those of you interested in the commercial mortgage backed security default rate, a service named Trepp tracks that. The news is bad, but not getting worse, at this point. An inflection point, we can hope. <br /><br />From Trepp: <br /><br />Commentary: The delinquency rate for commercial real estate loans in CMBS showed <br />signs of moderating in June. While the rate was up 17 basisBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72911816065499642592010-07-01T17:07:52.146-07:002010-07-01T17:07:52.146-07:00Mortgage rates at these levels and in this environ...Mortgage rates at these levels and in this environment are a symptom of a disease...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-48720216357818251522010-07-01T17:06:29.371-07:002010-07-01T17:06:29.371-07:00This comment has been removed by the author.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9308527205764989582010-07-01T15:53:46.790-07:002010-07-01T15:53:46.790-07:00"Lower bond yields are apparently the result ..."Lower bond yields are apparently the result of the market's recent conviction that a weakening economy will keep the Fed on hold for a very long time."<br /><br />Or, the market could be figuring out inflation is dead, ergo interest rates are in the toilet for several more years and maybe even longer. I suspect we will see negative real interest prevail for along, long time. We Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10248948455087262010-07-01T13:14:45.190-07:002010-07-01T13:14:45.190-07:00This comment has been removed by a blog administrator.thomasadairhttps://www.blogger.com/profile/17681360557008226162noreply@blogger.com