Do you think the CA. housing market will boom again if banks have a new product call the 90 year, If yes how.?

Question

Do you think the CA. housing market will boom again if banks have a new product call the 90 year, If yes how.?

Answer 1

no. I hope the 50 yr mortgage doesn't get anywhere while I'm alive.

Answer 2

I think banks are very worried now with foreclosures on the rise and there are those banks that really went over the edge that are in deep caca right now. These 'phony loans' that play with the technicalities like the time period, are trouble. Give me a 30 year fixed, that's it, period.