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Message
Mortgage rates sink to lowest level on record
Posted on 6/24/10 at 10:14 am
Posted on 6/24/10 at 10:14 am
LINK
Who has two thumbs and happens to be locking in his interest rate on his house today today?
This guy
Who has two thumbs and happens to be locking in his interest rate on his house today today?
This guy
This post was edited on 6/24/10 at 10:14 am
7
Posted on 6/24/10 at 10:38 am to barry
and i thought i got a steal a few months ago at 5%. still a lot better than most, i guess Posted on 6/24/10 at 11:36 am to barry
Locked in at 4.25 last Thursday, 15 year
Posted on 6/25/10 at 1:54 pm to taurusjwf
Talked to our loan officer, we got our loan locked in at 4.65% yesterday 
Posted on 6/25/10 at 7:48 pm to barry
4.375 locked in today!!!
Posted on 6/25/10 at 8:35 pm to TBubba
4.75 locked three hours ago!
Posted on 6/25/10 at 10:20 pm to bengaltygers
5.25% one year ago, should I refi?
It's a 30 yr. fixed.
It's a 30 yr. fixed.
Posted on 6/25/10 at 10:26 pm to barry
I got 4.875 in March on a 60 day lock.
It was 4.75% for a 30 day.
It was 4.75% for a 30 day.
Posted on 6/26/10 at 10:01 am to taurusjwf
quote:
Locked in at 4.25, 15 year
Did this yesterday
Posted on 8/22/10 at 4:20 pm to sec13rowBBseat28
Finally closed Friday. No money due at closing,
15 yr 4.375. Was at 6.375. My note went down and my term got shorter. But there was one sticking point that made me feel like they didn't want to do it. I recently did an unsecured loan for some home improvement before I applied for the re-finance. The bank says they didn't realize this was done before I initially applied so the made me prove the loan was unsecured vs. a loan where there was some collateral(lien against home). So I had to get the bank that issued the unsecured loan to stamp and hand-write exactly that for me to send to the re-fi bank. I wonder why the re-fi bank didn't have the ability to verify that themselves??
15 yr 4.375. Was at 6.375. My note went down and my term got shorter. But there was one sticking point that made me feel like they didn't want to do it. I recently did an unsecured loan for some home improvement before I applied for the re-finance. The bank says they didn't realize this was done before I initially applied so the made me prove the loan was unsecured vs. a loan where there was some collateral(lien against home). So I had to get the bank that issued the unsecured loan to stamp and hand-write exactly that for me to send to the re-fi bank. I wonder why the re-fi bank didn't have the ability to verify that themselves??
Posted on 8/22/10 at 4:47 pm to barry
What is the prospective homebuyer's take on this? Personally I'd be scared shitless at the thought of purchasing a home in these conditions.
Posted on 8/22/10 at 5:00 pm to sneakytiger
quote:
What is the prospective homebuyer's take on this? Personally I'd be scared shitless at the thought of purchasing a home in these conditions.
I have personally put off buying a bigger house(been in current for 7 years). I have been working for my current company for 10 years. I make 3 times more now than I did 10 years ago but I have been paying off debt and getting more liquid before we take on a bigger note.
Posted on 8/22/10 at 10:55 pm to lsufan1971
Should close on my first home on Tuesday, locked in at 4.375% on a 30yr at the beginning of the month. I knew I wanted to buy in the next couple years and I plan to stay for 7-10yrs, so I think that time-frame is long enough to at least retain the value of the home. Plus I bought in a neighborhood where the homes move much faster that most.
Also, when you find the house you want, in the area you want, for the price you're willing to pay, and can borrow at 4.375%, it's not something to pass up when your job is still as secure as 3 years ago and the home prices haven't fallen in the immediate area.
Also, when you find the house you want, in the area you want, for the price you're willing to pay, and can borrow at 4.375%, it's not something to pass up when your job is still as secure as 3 years ago and the home prices haven't fallen in the immediate area.
Posted on 8/23/10 at 12:01 am to LSUKTR
Everyone loves a government handout when it's theirs and not some black people in Chicago.
Posted on 8/23/10 at 12:56 am to LSUKTR
quote:
Should close on my first home on Tuesday, locked in at 4.375% on a 30yr at the beginning of the month
Did you buy any points to get it that low? I may have to look into refinancing, I'm currently locked in at 5.25%, but could probably save a bundle if I got it down to 4.25% or thereabouts.
Posted on 8/23/10 at 1:23 am to Tiger JJ
quote:
Everyone loves a government handout when it's theirs and not some black people in Chicago.
Why do you think the rates would be much higher? You can get auto loans for 7 years are about 6%. And thats for an asset that is almost guaranteed to be underwater by the time you drive off the lot.
Posted on 8/23/10 at 7:27 am to barry
Posted on 8/23/10 at 7:58 am to C
quote:
Why do you think the rates would be much higher?
Because without the massive MASSIVE government intervention we've had, the rates needed to entice private lenders in would be much higher. All these loans the people in this thread are bragging about are going to be sold to the government. The originators certainly have no willingness to retain them.
I just refi'ed 2 auto loans at 2.99%.
Posted on 8/23/10 at 11:47 am to Tiger JJ
This is the only gov't help I'll be getting for the foreseeable future, so I'll take what I can get.
Looking at locking in 4.375% for 30 yrs.
ETA: got 4.25% for 20 years, so we'll probably go with that. $30 extra/month for 10 less years... I'll take it
Looking at locking in 4.375% for 30 yrs.
ETA: got 4.25% for 20 years, so we'll probably go with that. $30 extra/month for 10 less years... I'll take it
This post was edited on 8/23/10 at 5:18 pm
Posted on 8/23/10 at 11:59 am to Tiger JJ
quote:
Everyone loves a government handout when it's theirs and not some black people in Chicago.
It's the GOP way of doing things, unfortunately.
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