| Posted by | Message |
BallyHOO
Belmont Fan
Member since Oct 2005
6565 posts
| Interest Rates (Posted on 9/21/12 at 12:12 pm)
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?
|
| Back to top | Share on  |
ItNeverRains 
LSU Fan
Franklin, TN
Member since Oct 2007
4607 posts
 Online
| re: Interest Rates (Posted on 9/21/12 at 1:06 pm to BallyHOO)
At this point its bragging rights. Go ahead and lock.
|
| Back to top | |
hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1234 posts
| re: Interest Rates (Posted on 9/21/12 at 1:28 pm to BallyHOO)
dont be greedy this is the lowest they have been all year.
|
| Back to top | |
GeauxColonels 
USA Fan
Nicholls St. Fan
Member since Oct 2009
12057 posts
Online
| re: Interest Rates (Posted on 9/21/12 at 2:43 pm to hawkeye007)
quote:
dont be greedy this is the lowest they have been all year.
This.
|
| Back to top | |
djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1221 posts
| re: Interest Rates (Posted on 9/21/12 at 9:12 pm to BallyHOO)
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.
|
| Back to top | |
guttata
LSU Fan
prairieville
Member since Feb 2006
18247 posts
| re: Interest Rates (Posted on 9/22/12 at 8:13 am to djmicrobe)
I went ahead and locked in at 3.375 about 2 weeks ago.
|
| Back to top | |
cjared036 
Alabama Fan
Houston, tx
Member since Dec 2009
3875 posts
Online
| re: Interest Rates (Posted on 9/23/12 at 5:44 pm to guttata)
Banks are keeping rates a bit inflated in order to control demand.
And to make an extra buck....
|
| Back to top | |
lsu tigerdog
LSU Fan
Baton Rouge
Member since Nov 2007
92 posts
| re: Interest Rates (Posted on 9/24/12 at 12:33 pm to BallyHOO)
lock today
|
| Back to top | |
Will Cover 
Nebraska Fan
Colorado
Member since Mar 2007
22457 posts
| re: Interest Rates (Posted on 9/24/12 at 1:39 pm to BallyHOO)
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.
|
| Back to top | |
KG6
LSU Fan
Member since Aug 2009
622 posts
| re: Interest Rates (Posted on 9/25/12 at 3:27 pm to guttata)
(no message)
This post was edited on 11/29 at 3:19 pm
|
| Back to top | |
ColdDuck
LSU Fan
BR via da Parish
Member since Sep 2006
1236 posts
| re: Interest Rates (Posted on 9/25/12 at 3:56 pm to Will Cover)
Dam, I just refied at 3.0 and now they are below 3? 
|
| Back to top | |
MoreOrLes
LSU Fan
Member since Nov 2008
14914 posts
| re: Interest Rates (Posted on 9/25/12 at 5:14 pm to Will Cover)
quote:
Today, I can now get it for 2.577 % on a 15 year loan.
0 and 0
Where??
|
| Back to top | |
TortiousTiger
Baton Rouge
Member since Jan 2007
12658 posts
| re: Interest Rates (Posted on 9/25/12 at 7:51 pm to MoreOrLes)
quote:
0 and 0
doubtful.
|
| Back to top | |
JoseVargasTX
LSU Fan
Member since Sep 2011
141 posts
Online
| re: Interest Rates (Posted on 9/25/12 at 9:04 pm to TortiousTiger)
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!
|
| Back to top | |
BACONisMEATcandy
LSU Fan
My opinions are my own
Member since Dec 2007
37671 posts
| re: Interest Rates (Posted on 9/25/12 at 9:14 pm to JoseVargasTX)
Thank you for your service to our country sir  
|
| Back to top | |
Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
47518 posts
Online
| re: Interest Rates (Posted on 9/25/12 at 9:42 pm to BallyHOO)
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
|
| Back to top | |
Will Cover
Nebraska Fan
Colorado
Member since Mar 2007
22457 posts
| re: Interest Rates (Posted on 9/26/12 at 7:20 am to MoreOrLes)
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).
|
| Back to top | |
