I closed on my current house exactly 5 years ago today.
I had to fight with my lender to have a 30 year fixed as all they wanted to sell me was an ARM because "You can get so much more house!"
I don't know what values will do in the near term but I don't doubt that a ton of borrowers learned nothing from the last housing crisis.
Actually - there's a house I pass regularly on my way to the little woman's. Love the place and location - they just lowered the price 900 bucks. It's a 700,000 dollar house. 900 isn't moving a disinterested buyer into the fray....
