All Forum Posts by: Damion Desai

price are already down almost 25% in my sought after South Bay suburban zip. With the MBS market on fire premiums to the 10 yr will broaden beyond what anyone here has experienced. Purchase mortgages are going to 9% if not higher. new mortgage payments for same loan are double from the 2% days. I see 40% valuation compression from Q421 peak. Fed is hell-bent on bringing down shelter cost given it's 40% of PCE