Interest Rates - 9/21/12 | TigerDroppings.com
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BallyHOO
Belmont Fan
Member since Oct 2005
6650 posts

Interest Rates

I see rates are down today. Anyone who knows the business think they will get lower in the next few days or should I lock?


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7603 posts

re: Interest Rates
At this point its bragging rights. Go ahead and lock.


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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
2067 posts

re: Interest Rates
dont be greedy this is the lowest they have been all year.


GeauxColonels
Nicholls St. Fan
Tottenham Hotspur Fan
Member since Oct 2009
18922 posts

re: Interest Rates
quote:

dont be greedy this is the lowest they have been all year.

This.


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djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1314 posts

re: Interest Rates
The FED is purchasing long-term bonds to try to lower interest rates, but the banks are not passing on all of the savings to the consumer.
If they were, then 30 year rates would be 2.8%. Normally the banks charge 0.74, but they are charging 1.4. That's a difference of almost .7 which would bring a 3.5 rate to 2.8.
Banks are ripping people off with the 3.5% rate.


guttata
LSU Fan
prairieville
Member since Feb 2006
20383 posts

re: Interest Rates
I went ahead and locked in at 3.375 about 2 weeks ago.


cjared036
Alabama Fan
Houston, tx
Member since Dec 2009
7590 posts

re: Interest Rates
Banks are keeping rates a bit inflated in order to control demand.




And to make an extra buck....


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lsu tigerdog
LSU Fan
Baton Rouge
Member since Nov 2007
140 posts

re: Interest Rates
lock today


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Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26279 posts
Online

re: Interest Rates
quote:

I see rates are down today. Anyone who knows the business think they will get lower in the next few days or should I lock?


I refinanced about 2.5 months ago and received a great rate at the time. 2.875 % on a 15 year loan.

Today, I can now get it for 2.577 % on a 15 year loan.

Lock today.


KG6
LSU Fan
Member since Aug 2009
4165 posts

re: Interest Rates
(no message)
This post was edited on 11/29 at 3:19 pm


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ColdDuck
LSU Fan
BR via da Parish
Member since Sep 2006
1768 posts

re: Interest Rates
Dam, I just refied at 3.0 and now they are below 3?


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MoreOrLes
LSU Fan
Member since Nov 2008
18569 posts

re: Interest Rates
quote:

Today, I can now get it for 2.577 % on a 15 year loan.


0 and 0

Where??


TortiousTiger
Baton Rouge
Member since Jan 2007
12668 posts

re: Interest Rates
quote:

0 and 0


doubtful.


JoseVargasTX
LSU Fan
Member since Sep 2011
184 posts

re: Interest Rates
I'm a veteran and currently financed through Wells Fargo. They have the interest reduction deal and I was quoted:

30 year, 3.25% no points
15 year, 2.75% no points

Because I'm disabled, I have no closing costs, no origination fee, zip, notta. I'm locking tomorrow and saving $308 a month!


BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42947 posts

re: Interest Rates
Thank you for your service to our country sir


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Golfer
LSU Fan
Member since Nov 2005
59736 posts

re: Interest Rates
I'm at 4.875% on a FHA but my credit score is in the shitter. I dunno if anyone would offer me a refi. Not to mention my LTV is right at 90%
This post was edited on 9/25 at 9:43 pm


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Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26279 posts
Online

re: Interest Rates
quote:

0 and 0

Where??


Check out Zillow and go under mortgages. Plug in your information and a list of lenders will pop up. All are rated very highly and can be checked through the BBB - but read the reviews from other customers and pick the one you want.

I chose New Penn Financial, but they don't have the cheapest rate at this time (based upon the list of lenders found on Zillow).



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