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Reply to "got quoted for 4.625 percent 30 year fixed loan today (high conforming LTV of 85)"
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[quote=Anonymous][quote=Anonymous]Funny. Someone bumped up an old thread that talked about local housing prices. http://www.dcurbanmom.com/jforum/posts/list/178602.page#1683152 [i]“ The crash in mortgage market would have had a larger impact on home prices than a gradual interest rate increase- so really the lowest real-term prices for the DC area would have been 2008-2010 or so. Really, you saw flat-lining or very slight drops in prime areas (NW/close-in suburbs), and sharper drops in less prime areas (loudoun county etc.). A mortgage rate increase will probably dampen the already recovering prices in prime areas, and perhaps result in slight drops in the less prime areas. If your target is prime areas (NW/close-in MD, VA), you may be in a better economic position to buy now, low rates and earlier in the recovery stage.”[/i][/quote] Those old posts are really entertaining to read! [/quote]
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