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I want to provide an update that I was finally able to access the CNBC video I referenced in the OP. Most of what was discussed was gobbledygook to me -- something about the bond market that could be a hopeful sign for mortgage rates returning to their Jan. 2008 lows in the short term, and...

For what it's worth, also forgot to mention that the current 5.25% on my credit union jumbo (which was just 5% three weeks ago) comes at 0 discount points (but a 1% orig. fee, which can be waived for a .25% increase in interest rate). Oddly enough, as I was writing that parenthetical, I realized...

Thanks, ipoplaya. Forgot to mention that the rates I'm looking at are for 3/1 jumbo. Might just have to wait till March w/ fingers crossed.

Hey All, I was trying to access a video link on CNBC.com (http://www.cnbc.com/id/15840232?video=655830354&play=1) about mortgage rates going up instead of down, and couldn't due to the Internets being broke. I noticed that a sweet 5% 3/1 ARM from my credit union jumped up to 5.125% and now...

I'm planning on making a decision once the house sale is final and we've surveyed the market.

Thanks again, Everyone!

Heh heh...as with the general consensus about the housing market voiced here, I'll have to take your advice re moving in with mom-in-law. Thanks for the input.

Heh heh. Thanks for the quick reply, but actually, we are looking to buy a 3,000 sq. ft. home in Irvine, so the equity loss would more likely be 200K+ if things go as a majority of these forums seem to indicate. Moving out of mother-in-law's house to a 200K loss seems less priceless than moving...

Hi, I've been reading these forums for a while, but I just signed up to post today. I'm about to sell my townhouse in Fullerton, and I was planning to move to Irvine (where I work) and buy a new construction there, but after reading these forums, I've decided to take my mother-in-law up on her...