Mortgage rates lowest now?
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Mortgage rates lowest now?
Posted by SAL MINIO on 10/3 at 9:37 am
Does anyone think rates will go lower in the next 3-6 months and if so by how much?


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Posted by LSUAfro on 10/3 at 9:58 am to SAL MINIO
Not speculating on rates, but a friend just emailed and said he locked in a 30 year @ 3.25 yesterday. Don't know any more detail than that.

That just blows my mind.



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Posted by Will Cover on 10/3 at 10:01 am to SAL MINIO
2.583 % is available on 15 year loans and 3.125 % is available on 30 year loans.



This post was edited on 10/3 at 10:02 am

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Posted by SAL MINIO on 10/3 at 10:03 am to SAL MINIO
I know this(rate question) is probably Germans but I retired in December and only have rental income. I paid off my house off and still owe on my building (paying ballon note at 5.5%). If I get another mortgage on my house, I can cut in half my note on the bldg.and have a fixed 30 yr. note but bank says I need to submit 2012 tax returns to qualify in Jan.of next year. I am wondering how much the rates could go up or down by say next Jan., Feb. ?


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Posted by igoringa on 10/3 at 10:05 am to Will Cover
Are there any rumors on the street as to wheter the FHA will expand their FHA streamline discounted insurance rates to loans they insured after 5/31/09.

I closed before that date (by 8 days) but those lazy fricks didn't insure it until July. Thus, no discount rate for Igor. I am under water so my refi options are pretty much that or nada...



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Posted by DawgyDog on 10/3 at 10:14 am to igoringa
We just got locked in on a 30 year refi at 3.0% (was at 4.375)! Pretty fired up about that!


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Posted by guttata on 10/3 at 10:23 am to DawgyDog
We just closed on permanent financing and got 3.375 on 30 yr. I'm not complaining one bit


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Posted by hawkeye007 on 10/3 at 10:42 am to SAL MINIO
Sal rats are a rollercoaster and right now we are at the bottom. if they do go up we are talking .5% swing i wouldnt worrry to much about that


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Posted by SAL MINIO on 10/3 at 10:48 am to hawkeye007
Thanks Hawk.


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Posted by MoreOrLes on 10/3 at 11:28 am to Will Cover
quote:

2.583 % is available on 15 year loans and 3.125 % is available on 30 year loans.


Is that 0 and 0

and where?



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Posted by Mercy Percy on 10/3 at 12:57 pm to MoreOrLes
Yes please I wud like to know as well


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Posted by guttata on 10/3 at 1:48 pm to Mercy Percy
I call bs on the 3.125 with 0 origination and 0 points. The par rate might be 3.125, but the mortgage co still has to make $$ somewhere.


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Posted by Croacka on 10/3 at 1:57 pm to igoringa
quote:

Are there any rumors on the street as to wheter the FHA will expand their FHA streamline discounted insurance rates to loans they insured after 5/31/09. I closed before that date (by 8 days) but those lazy fricks didn't insure it until July. Thus, no discount rate for Igor. I am under water so my refi options are pretty much that or nada...


A lot of people in that situation


I closed in march 09 and didn't realize that I had just made the cut for the old MI rates

Dropped from 5.5 to 3.75, I was under water too and didn't want to come out of pocket much. I did it with quicken with no closing costs



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Posted by Sorrento Muddbugs on 10/3 at 2:00 pm to SAL MINIO
I got qouted yesterday for a 3.5% with no points and today @ 3.25% with no points on a 30yr refinance loan. Anything lower than that, will probably require points. Been in contact with about 6 companies the last 3 days, national and local.


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Posted by igoringa on 10/3 at 2:02 pm to Croacka
quote:

I closed in march 09 and didn't realize that I had just made the cut for the old MI rates


What pisses me off royally is I did close before 5/31/09, but the lazy fricks did not get around to officially insuring it until July 09. If it was based off close date, I am in and have close to a $550 a month drop in interest.

aargh



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Posted by CAD703X on 10/3 at 3:38 pm to igoringa
zillow!!!

great site. 5 star lenders..one or 2 clicks to get a quote from them.

slick.



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Posted by hawkeye007 on 10/3 at 3:53 pm to guttata
anything below 3.25% is going to cost you. i pulled the rates earlier and 3.25% is par for 740 credit. but only on this board do people bitch about rates with a 3 in the front of it


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Posted by CAD703X on 10/3 at 4:42 pm to hawkeye007
quote:

anything below 3.25% is going to cost you. i pulled the rates earlier and 3.25% is par for 740 credit. but only on this board do people bitch about rates with a 3 in the front of it


i was just quoted 3.125% 30yr no costs (other than standard $300 appraisal, etc) by northpointe bank for the record.

eta


Rate Quote ID: XX-XXXXX
Loan program: 30 year fixed
Rate (APR): 3.125% (3.125%)
Lender fees: $1
Monthly Payment: $1,211
Lender company: Northpointe Bank


This post was edited on 10/3 at 4:55 pm

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Posted by foshizzle on 10/3 at 6:06 pm to CAD703X
I got 3.25 on a condo loan. Incredible.


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Posted by Will Cover on 10/3 at 9:33 pm to MoreOrLes
Zillow Mortgages.


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