I love it when awgee pulls the race card!
My wife is mexican, correspondingly so are my kids.
As for the innaccuracy of my statement, I will take some photos with my phone next time I drop by fashion island. I assure you my description is an accurate assessment of a common Newport...
Conforming rates WILL be between 6 and 7% in Q3 and Q4 of next year. Jumbo + 100-200 bps.
Rates are roughly 5% now, while the Treasury curve is artificially held down, and the MBS spread is artificially narrowed. I figures 1-1.5% rise in rates is very reasonable given the sunset of the...