There seems to be a lot of money in the system and it is showing up in all sorts of places. Like inflation of stocks and real properties. An interesting development is that large institutions that used to deal only in the “A” space, people with good credit and cookie cutter mortgages, have slowly moved all the way to the private mortgage space. And in typical fashion, more competition means better options for consumers. A mortgage loan that would be 7% interest rate with a 2% fee, can now be had for around 5.5% and a 1% fee. That’s money for sale, right?
