Douglas Duncan
Douglas Duncan
Douglas M. "Doug" Duncanis an American politician and member of the Democratic Party. Duncan served as County Executive of Montgomery County, Maryland from 1994 to 2006. Duncan held the office longer than any other county executive in the county's history. In 2006, Duncan was a candidate for the Democratic nomination in the Maryland gubernatorial election. He abruptly dropped out of the race on June 22, 2006, citing clinical depression, handing the nomination to Baltimore Mayor Martin O'Malley. Following his exit...
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We see housing as being strong over the next three years within a strong economy.
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I would question any fee. Let them know you're comparison shopping among several lenders.
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Some companies were just assigning people a closing date.
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Rates are going to stay at these ranges for awhile.
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People are trying to judge the degree of the (housing) slowdown and whether it is a slowdown, and if they are on the margins in terms of making a final decision, a small interest rate change one way or the other can have the effect of changing people's minds.
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Anecdotally we're hearing that lenders' pipelines (pending mortgages) are down 50 percent from their peaks, ... There is no question companies are seeing the pressures of competition.
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These are very modest interest rate increases for the level of economic growth we are expecting.
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We are asking people to walk their children to school, and to get children together and to assist them as best they can, ... We're asking for parent volunteers to look as they're walking if there are other kids walking separately, to bring them into the group and assist them that way.
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A fair number of first-time home purchases were brought forward because rates were so good, and a number of people also moved up in the market, when they were able to get a bigger mortgage at a lower rate. When rates move up, you won't get those first-time sales or the move-up factor. Is that offset by the benefits of economic expansion? In our view, not quite.
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They know it won't be long before the limit will go up. They start making the loans on the assumption that the limit will be increased because home prices have been rising.
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Companies are losing money to keep market share. The consumer is being subsidized because the competition is so fierce. For the short run, the consumer is getting a better deal.
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We're asking people, as best they can, go about your normal routine: Make sure you go to work, make sure you send your kids to school.
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In our industry, the fuel surcharge is designed to manage normal supply-and-demand market forces of fuel, not temporary spikes caused by disasters.
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I am not aware that it has occurred before. At the end of the day, everyone hopes all the borrowers will be able to return to a home and meet their mortgage payments on time and be re-established in their housing.