Comments on: Star-Tribune on Centennial Mortgage & Funding http://www.behindthemortgage.com/2008/03/star-tribune-on-centennial-mortgage-funding.html?utm_source=rss&utm_medium=rss&utm_campaign=star-tribune-on-centennial-mortgage-funding Alex Stenback | Twin Cities Blog on Mortgages, Rates, and Real Estate Thu, 05 Jan 2012 22:38:40 +0000 hourly 1 http://wordpress.org/?v= By: TXBROKER http://www.behindthemortgage.com/2008/03/star-tribune-on-centennial-mortgage-funding.html/comment-page-1#comment-884 TXBROKER Tue, 01 Apr 2008 16:47:13 +0000 http://dev.multiplycommunications.com/btm/?p=720#comment-884 Right on Chuck, Balloon loans are exactly what have caused our Mortgage crisis. Getting instant gratification will only hurt you in the long run. Don’t people understand that? Right on Chuck,
Balloon loans are exactly what have caused our Mortgage crisis. Getting instant gratification will only hurt you in the long run. Don’t people understand that?

]]> By: Chuck http://www.behindthemortgage.com/2008/03/star-tribune-on-centennial-mortgage-funding.html/comment-page-1#comment-883 Chuck Sat, 29 Mar 2008 23:25:01 +0000 http://dev.multiplycommunications.com/btm/?p=720#comment-883 From the StarTrib "Never have they been in an environment where interest rates are 5.5 percent and residential home building is not rising," Weaver said." (Pam Perri Weaver, executive vice president for the Builders Association of Minnesota.) Very slick attempt at a fake-out there by Ms. Weaver. Wise consumers should be aware by now that home prices and lending during 2002-2007 were driven by "balloon" loan terms (Interest-Only, Option ARM, Negative Amortization loans), irrespective of loan rates. Prices will fall to 2001 levels. Be patient. From the StarTrib

“Never have they been in an environment where interest rates are 5.5 percent and residential home building is not rising,” Weaver said.” (Pam Perri Weaver, executive vice president for the Builders Association of Minnesota.)

Very slick attempt at a fake-out there by Ms. Weaver.

Wise consumers should be aware by now that home prices and lending during 2002-2007 were driven by “balloon” loan terms (Interest-Only, Option ARM, Negative Amortization loans), irrespective of loan rates.

Prices will fall to 2001 levels. Be patient.

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