47 Quotes by Keith Gumbinger

Leveraging yourself out at a time when (home) prices are very high certainly could set you up for difficult times.

Lenders are allowing people reasonably unfettered access to their equity.

Mortgage rates come down when fixed-income investors think the economy is slowing, not because the Fed cuts rates.

Mortgage markets have been so flush with cash that home buyers are able to layer one risk on top of the other. It's possible to borrow more than the value of the home, put in no money of your own and pay a minimum monthly payment.

I would definitely expect more of it. Buyers may not pay for it. The seller or builder may pay for it to get a house sold.

For most home buyers, especially first-time buyers, taking a 15-year (or 20-year) mortgage is out of the question.

If it costs them more, it'll cost you more.

If the Fed's cuts succeed in stimulating the economy, then mortgage rates are actually likely to rise,

It certainly could cause a change to the marketplace, ... But you're trying to talk about whether the 14th card might fall when first one hasn't fallen yet.