Mortgage Blog

I think this is mainly related to the stock market and seasonal adjustment.

Overall the stock market was down 10% or more from the peak for some of the stocks. And if the borrowers have the stocks, and they do not want to sell now. So there is not much incentive for the purchase. And it did affect their down payment, especially for those million house with Jumbo loans. 

So there are not as hot as before, and normally there are less than 5 offers, and seller is willing to pay part or some of the closing cost.

That's mainly for the market from the bay area.

For the new development, the builders are not pushing hard for the closing any more. One agent told me that his purchase closing was delayed, and the builder was happily offering extensions. When the market was hot, the builder will ask $100 per day for the delay of the closing.

Nothing new for me for my running, except that I changed strategy a little bit. My weekly mileage was lowered to 40+ from 60+, but intensive level increased. I have one speed workout, two tempo runs, and one long run. But the overall speed is faster.

Since I have more time, I could finish more books. And I like more audio books now. It is easy, but sometimes I did get distracted easily.