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Mortgage Rates
Posted on 5/12/15 at 8:01 pm
Posted on 5/12/15 at 8:01 pm
I don't know how to figure what drives this, someone told me to watch the 10 year treasury rates but I just see numbers 
Can someone tell me based on what happened to end the day today, will the rates likely open up higher, lower, or the same tomorrow? Or no, you don't see that until tomorrow?
TIA
Can someone tell me based on what happened to end the day today, will the rates likely open up higher, lower, or the same tomorrow? Or no, you don't see that until tomorrow?
TIA
1
Posted on 5/12/15 at 8:10 pm to Sho Nuff
Mortgage rates go off LIBOR rates I believe... Not the treasury's
Posted on 5/12/15 at 8:59 pm to Shepherd88
Ok, so is there a way to understand what they should open up tomorrow?
I am needing to do a rate lock and the shitty rates have been going through the roof the last week. Not sure if I should wait...
I am needing to do a rate lock and the shitty rates have been going through the roof the last week. Not sure if I should wait...
Posted on 5/12/15 at 10:01 pm to Sho Nuff
Are conventional loans still 3-5 percent down?
Posted on 5/12/15 at 10:45 pm to Paul Allen
Posted on 5/13/15 at 3:42 am to Paul Allen
There are loans you can put down 5% like LPMI but I don't know if that's considered conventional. That's more like the 20% down. I'm putting down 25% and I missed great rates to lock a couple weeks ago. Now it's up nearly half a point. I'm hoping it comes back a little tomorrow...
Posted on 5/13/15 at 6:06 am to Sho Nuff
quote:
There are loans you can put down 5% like LPMI but I don't know if that's considered conventional.
It is.
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