Specifically, I put in an offer on a property with pre-approval for 3.25% with Ally and now I see the rate is around 5.5%.

I do the BRRRR strategy, almost exclusively, so when I refinance the bank always needs to see the policy with the house listed on the insurance binder - so maybe that is part of why a policy is needed for each house? 

.), and that will trickle up the economy to Landlords for sure.I suppose we will see the welfare roles go up for a short time.

I am not saying we won't have major economic problems, but I don't the see the direct comparison.

With a low down loan on your townhouse there in UT it’ll be hard to see the rent bumping up enough to make the risk of negative cash-flow worth it. 

As the layoffs begin to happen we will see the impact to real estate markets begin to show.

I want you to show me around, I want to see the good and the bad, and I want to make you a fair offer where we both walk away feeling good.

But unless you're getting a much lower rate, for loans under $200k, I encourage not to refinance if you're doing purely for a lower monthly payment.Here's an example:$80k loan @ 5% = $429/month$80k loan @ 4.5% = $405/monthAs you can see, the difference in monthly payment doesn't change much.

Nice post Chris as we see the " I cant wait for a crash so I can cash in sentiment a lot on this site"  And probably from the majority that never lived through tough financial times..

@Shawn EricksonI have a feeling we don't need it see the website below, I have a feeling it's just a solicitation.