Freddie Mac Home Price Index Declines 0.4% In Q4 Despite All-Time Low Mortgage Rates And Homebuyer Tax Credit

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Tue, 03/02/2010 - 11:54 | 250981 Ripped Chunk
Ripped Chunk's picture

 "Despite All-Time Low Mortgage Rates And Homebuyer Tax Credit"

Pointing to something? Lack of demand fueled by doubts about the future?  Of course new school mortgage biz requires that you have a job to get a loan now. Crazy!


Tue, 03/02/2010 - 12:12 | 251013 Postal
Postal's picture

Yes, well, I have a job and a VA loan waiting in the wings; however, with all the fine print and headaches, why should I buy anything? Better to rent, buy silver (can't afford gold), and stock up on food. :)

Tue, 03/02/2010 - 12:23 | 251033 Ripped Chunk
Ripped Chunk's picture

Or wait until home prices fall further................

If its a fixed rate, why worry?  All the fine print concerns what they will do to you if you don't keep making the payments.

Tue, 03/02/2010 - 13:09 | 251120 Postal
Postal's picture

Ah, but that's the rub: Given the state of the world economy, I'm currently not confident of my ability to make 30yrs of payments (actually, I'd pay it off faster, but you get my point).

So I'm back to my original query: Why should I buy anything if doing so means I'm going to be tied to the deck railing of the Titanic? I'm not expecting to wade onto the sea and stay dry, but until I see stronger life-raft preparations, I'm staying put on dry land.

Tue, 03/02/2010 - 13:51 | 251188 Ripped Chunk
Ripped Chunk's picture

Meanwhile, I am buying every aqualung I can find...............

Tue, 03/02/2010 - 12:01 | 250993 ghostfaceinvestah
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How many more days of Fed MBS buying now?

At least round 1.

Just wait until you see the fireworks when that stops.

Tue, 03/02/2010 - 12:11 | 251010 KidHorn
KidHorn's picture

It won't stop. The Fed has backed itself into a corner just like Japan a decade ago. They have to keep QE, Zirp and everything else going or else everything falls apart.

Tue, 03/02/2010 - 12:24 | 251035 SDRII
SDRII's picture

any thoughts on how this FDIC backed mortgage bonds will play in the market - seems rather small $1.8B overall, but the timing coming right at the end of the Fed purchasing...

Tue, 03/02/2010 - 12:12 | 251012 Jeff Lebowski
Jeff Lebowski's picture

And up goes the market...

I should have gone to the casino instead of shorting the market.


Mark it zero, Dude.

Tue, 03/02/2010 - 12:20 | 251028 hedgeless_horseman
hedgeless_horseman's picture

Ha ha! You fool! You fell victim to one of the classic blunders - The most famous of which is "never LOAN MONEY TO GREEKS" - but only slightly less well-known is this: "Never go against THE BEARD when death is on the line"! Ha ha ha ha ha ha ha! Ha ha ha ha ha ha ha! Ha ha ha...

Tue, 03/02/2010 - 12:31 | 251054 Anonymous
Anonymous's picture

Yes, princess; especially since he who sees no bubbles believes that when he needs that little extra to put us over the top, he can just dial it to eleven.

Tue, 03/02/2010 - 12:36 | 251059 MatrixSurfer
MatrixSurfer's picture

Yes, princess; especially since he who sees no bubbles believes that when he needs that little extra to put us over the top, he can just dial it to eleven.

Tue, 03/02/2010 - 12:28 | 251044 jc125d
jc125d's picture

And I'm free, free fallin'
Yeah, I'm free, free fallin'...

Cut the crap Freddie.

Tue, 03/02/2010 - 12:30 | 251051 Anonymous
Tue, 03/02/2010 - 12:48 | 251082 Dixie Normous
Dixie Normous's picture

All the tax credits and low interest loans will not hide property tax increases, especially in states where there is no appraisal adjustment based on sales.

Tue, 03/02/2010 - 13:05 | 251114 Anonymous
Anonymous's picture

oh it was the snow..

Fri, 04/16/2010 - 10:07 | 303806 Tom123456
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