<p>Please show me where I said prices would never drop in some markets. I told people to stay out of the Las Vegas and Miami condo markets at least two years ago. What I did say is they would not crash and to me a loss of less than 10% after a 65% gain is far from a crash It’s a relatively mild correction.</p>
<p>All rates for conforming loans are down below 6%. Jumbos will take longer because they go into the pool funded by the big investors who are still spooked a bit. I’d expect jumbos for excellent credit will be down half a % in the next month.</p>