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| re: Lock in rate now or wait? find a local lender. zillow gets paid to advertise for these banks. Reply • Back to Top |
quote: I can speak from experience with New Penn Financial (listed on Zillow). Very good experience, tremendously low rate (2.875 % on 15 year), fast to respond and fees were only $995.00 to NPF. If you need the name of my loan officer, let me know. This post was edited on 7/30 at 11:16 am Reply • Back to Top |
| Looks like rates are ticking up some? Reply • Back to Top |
| its a sideways kind of day on rates. Reply • Back to Top |
quote: Yes please! Reply • Back to Top |
Posted by TortiousTiger on 7/31 at 7:59 pm to vettegc I dont think there is anywhere for rates to go but down until after the fed meets. feds announce QE3, rates drop 1/8 or 1/4. feds announce no QE3, rates stay the same in anticipation of a Sept QE3 announcement. Reply • Back to Top |
| Locking at 3.25% was definitely a good idea. The only way I would shop further would be if I was certain that I was going to move within the next 10 years and I was able to find 10/1 ARM around 2.9%, but even then I think I'd rather have the locked 3.25 just in case I decide to stay. Rates can't go down much lower, if at all. Inflation is already high. The purpose of the Fed keeping rates low is to stimulate borrowing => ^ money supply => hopefully us pulling out of these tough times. Given that inflation is already high (lowering rates further increases inflation), and money is already cheap, there's really no reason to further drop rates. The reason the dropped rates haven't stimulated the economy like they should is that most people who want to take advantage of cheap money can't qualify for it. Reply • Back to Top |
| Send me an email and I will provide with you with my loan officer's information. kneegrow@inbox.com Reply • Back to Top |
Posted by TortiousTiger on 8/1 at 6:25 am to BenjaminFranklin quote: i disagree. inflationary indicators haven't been on the rise and all of the fed predictions arent discussing IF another round of QE3 is coming, but WHEN. Reply • Back to Top • Refresh |
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