pgens Wrote:
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> Now that we are past the seasonal February
> bump-up, we are back on track to move lower, with
> a new batch of foreclosed homes entering the
> market. The backlog of moratorium foreclosures
> are now being worked on now that moratoriums are
> expiring.
>
> It is impossible and just not sensible to call
> "bottoms" in the housing market until employment
> gets back to regular levels. That isn't estimated
> to happen until well into 2010, and the housing
> market will continue to slump until those numbers
> turn.
>
>
>
http://www.cnbc.com/id/30223945
>
> "From various foreclosure-related reports, the
> paper noted that foreclosure sales have been
> edging up this year and that foreclosure-related
> filings increased within the last two months.
>
> The newspaper also said that the backlog of
> seriously delinquent loans has been growing and
> that the delays caused while the moratoriums were
> in place have only increased the amount of
> interest and fees borrowers owe."
suit yourself. Right now you have a historic bottom in interest rates and a near bottom in housing prices. I guess you can wait and hope the spike in gas prices over the summer won't amount to higher interest rates in the belief that housing prices will drop enough to offset savings you would have had with lower rates.