The Friendly Money Making Board

[coydog]

I had no trouble getting approved for a 400,000 loan at 6.66 percent today. There is still mortgage money out there if you have the credit. I am watching home prices come down by 50-75 thousand in one bite now. I am wondering how long the buyer's market continues. No homes are selling now and the list of forclosures grows every day. I am now seeing the charts on the home markets looking like the pumper dumper stocks we play here. I have now found a home that is 100,000 below the appraisal. But what is an appraisal worth now. Kind of what a PR is worth in pinkyville.