@LordMandrake3@NortonMpls They sit empty because there is no demand in that area at the moment. Foot traffic has died, people donโt feel safe there, and Minneapolis has overtaxed (property and sales) and business struggles. Iโm sure 90% of the property owners would rent it if they had interest.
@CBulldogTrader@pulte Short term rates donโt affect mortgage rates - if you want to lower mortgage rates look at LLPAโs. And Gfees .They increased significantly since Fannie /Freddie conservatorship.
@ramirez0131@mortgagetruth The guy who posted this also said FHA was the โhighest riskโ loan during the 2006-2010 vintage. Left out NINa 100% financing , option arms, 2/28 arms with 3 yr prepay to name a few. I knew he didnโt have facts after that.
@mortgagetruth@BradDombrosky Insert banker comment on duration risk. You canโt borrow short (deposits) and lend long. Thatโs why. Those things put banks out of business.