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Started By
Message
Inside of 90 day window to lock in interest rates
Posted on 7/22/15 at 3:42 pm
Posted on 7/22/15 at 3:42 pm
On our new home.
4% for 30
3% for 15
Any professionals think that lock in asap or we will see rates trend down more/
Thanks
4% for 30
3% for 15
Any professionals think that lock in asap or we will see rates trend down more/
Thanks
This post was edited on 7/22/15 at 4:06 pm
7
Posted on 7/22/15 at 3:50 pm to mbrous8
Why would anyone do a 30 versus a 15?
Posted on 7/22/15 at 3:53 pm to mbrous8
Buy low and Sell high - Trust me
Posted on 7/22/15 at 3:53 pm to mbrous8
Those are pretty good rates. I'm inside of 60 days and the quotes I'm getting back are a little higher. Are you paying any points?
If it helps, I've followed rates since the end of last year. They have steadily been trending up and most of the experts seem to agree they will continue trending up. You may get lucky and hit a small short dip if something major happens like the Greek deal falling apart, but most likely rates are going up.
If it helps, I've followed rates since the end of last year. They have steadily been trending up and most of the experts seem to agree they will continue trending up. You may get lucky and hit a small short dip if something major happens like the Greek deal falling apart, but most likely rates are going up.
Posted on 7/22/15 at 3:54 pm to ksayetiger
quote:
Why would anyone do a 30 versus a 15?
some can't afford the note on 15 but can the 30
Posted on 7/22/15 at 3:56 pm to mbrous8
Lock in, rates have been trending upwards lately
Posted on 7/22/15 at 4:00 pm to mbrous8
3% 4% ,its still relatively free money. Good rates imo
Posted on 7/22/15 at 4:02 pm to ksayetiger
quote:
Why would anyone do a 30 versus a 15?
Was this a legitimate response? I pray not.
Posted on 7/22/15 at 4:04 pm to mbrous8
quote:
mbrous8
We just locked in at 4% for 30 - I believe rates are going up
quote:
ksayetiger
The increase in monthly payment for a 15 v. 30 year can be tough for people. Don't be condescending.
Posted on 7/22/15 at 4:08 pm to krehn11
Thanks guys
I'm locking in asap
I'm locking in asap
This post was edited on 7/22/15 at 4:09 pm
Posted on 7/22/15 at 7:04 pm to ksayetiger
quote:
Why would anyone do a 30 versus a 15?
4/10. And this is MB, they have other boards for that
Posted on 7/22/15 at 8:19 pm to ItNeverRains
My CC reported a significant business expense and my rate jumped from 4% to 4.125% when I got it today. Score dropped like 15-20 points
I'm trying to see if I rate lock and repull closer to closing, if that rate lock allows me access to the better rate. If not it is only like ~25$, ~18 come tax day/month
I'm trying to see if I rate lock and repull closer to closing, if that rate lock allows me access to the better rate. If not it is only like ~25$, ~18 come tax day/month
Posted on 7/22/15 at 8:38 pm to ksayetiger
quote:
ksayetiger
quote:
Why would anyone do a 30 versus a 15?
Posted on 7/22/15 at 8:41 pm to GFunk
Especially with tax deductions on mortgage interest, I just don't see how in the world a 15 YR makes sense.
You can typically lump sum and reforcast amortization anyways
You can typically lump sum and reforcast amortization anyways
Posted on 7/23/15 at 4:55 pm to GenesChin
Tell loan officer you want him to run numbers on a 5/1 & 7/1 ARM if you can't get 4%
Posted on 7/23/15 at 5:07 pm to mbrous8
4% on a 30yr is pretty solid right now, especially with a 90 day lock. Assuming you didn't buy this down...
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