Locking in rates
Return to Board  •  Menu  •  BottomPage 1
Message
Locking in rates
Posted by will1883 on 6/25 at 4:21 pm
Can you lock in a rate with one lender and then use another lender for the loan if the rates drop after the lock?


Reply  •  Back to Top
Posted by hawkeye007 on 6/26 at 9:32 am to will1883
most brokers/lenders will not let you do this...if you are waiting on rates to go back down thats going to be a long wait...


Reply  •  Back to Top
Posted by ItNeverRains on 6/26 at 11:55 am to hawkeye007
By long are you anticipating sept-oct? That's my guess based on trend


Reply  •  Back to Top
Posted by tiger94gop on 6/26 at 12:19 pm to ItNeverRains
What is down? Back to last year; no. Lower than now, yeah. There is always a cyclical scenario with rates. It has been less predictable lately.


Reply  •  Back to Top
Posted by ItNeverRains on 6/26 at 5:08 pm to tiger94gop
Yeah it's weird. Prime is still 3.25, which is nice for my little 40k 2nd. I think by sept-oct we see a 4-4.25 through 2013. At least I hope, I have 3 first time buyers going new construction set to close in sept-nov who are up in arms over 4 and change 30 year money

This post was edited on 6/26 at 5:10 pm

Reply  •  Back to Top
Posted by iknowmorethanyou on 6/27 at 8:47 am to ItNeverRains
Apparently they learned how to use an amortization calculator and factored in 3.50%


Reply  •  Back to Top  •  Refresh
Return to Board
Jump to Page   

           Page 1 of 1           

 

 Message Boards
 Tiger Rant
 Score Board
 Recruiting Board
 SEC Rant
 SEC Score Board
 Saints Talk
 Pelicans Talk
 More Sports Board
 Soccer Board
 O-T Lounge
 Tech Board
 Outdoor Board
 Movie/TV Board
 Music Board
 Political Talk
 Money Talk
 Fark Board
 Gaming Board
 Fantasy Sports
 Food and Drink Board
 Ticket Exchange
 Help Board
 

 News
 LSU
 More Sports
 Sports Lite
 

 Other Options
 >> Search
 

 SECRant.com Links
 SEC Rant
 SEC Recruiting
 SEC Tickets
 Off-Topic Board
 

 Geaux.com Dining Guide
 New Orleans
 Baton Rouge
 

 Site Features (Full Version)
 Home Page
 LSU Football Schedule
 Pick'em Home Page
 
Back to top
Sign In 
View in: Desktop
Copyright ©2014 TigerDroppings.com.