The real issue here is that there is no word on ex...

2009-11-02T10:14:46.511-08:00

The real issue here is that there is no word on expanding the duration of the temporary high-cost conforming loan limits. These are critical to supporting overpriced property on Hoboken.

The reflation trade gave us nice Q3 #s, suppressing interest rates will do that. However what happens when rates on the upper end of the borrowing spectrum go up, as they are slated to do?

When anyone looking at a 1M+ dollar home in Hoboken starts facing a roll-back to $625K as the max limit to receive a beneficial interest rate (currently 5.25-5.375%), you're adding at least .5%....Unless you're willing to put down 35%+ on your property.

That's the real "taketh away" here... until we hear otherwise on whether the max high-cost confoming loan limit will be extended.

Comments on Inside Hoboken Real Estate: Uncle Sam Giveth. Uncle Sam Taketh

The real issue here is that there is no word on ex...