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SAL MINIO
Davidson Fan
17th Street Canal
Member since Sep 2006
1776 posts
| Mortgage rates lowest now? (Posted on 10/3/12 at 9:37 am)
Does anyone think rates will go lower in the next 3-6 months and if so by how much?
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LSUAfro 
LSU Fan
Baton Rouge
Member since Aug 2005
8582 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 9:58 am to SAL MINIO)
Not speculating on rates, but a friend just emailed and said he locked in a 30 year @ 3.25 yesterday. Don't know any more detail than that.
That just blows my mind.
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Will Cover 
Nebraska Fan
Colorado
Member since Mar 2007
22447 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 10:01 am to SAL MINIO)
2.583 % is available on 15 year loans and 3.125 % is available on 30 year loans.
This post was edited on 10/3 at 10:02 am
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SAL MINIO
Davidson Fan
17th Street Canal
Member since Sep 2006
1776 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 10:03 am to SAL MINIO)
I know this(rate question) is probably Germans but I retired in December and only have rental income. I paid off my house off and still owe on my building (paying ballon note at 5.5%). If I get another mortgage on my house, I can cut in half my note on the bldg.and have a fixed 30 yr. note but bank says I need to submit 2012 tax returns to qualify in Jan.of next year. I am wondering how much the rates could go up or down by say next Jan., Feb. ?
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igoringa
LSU Fan
Tejas
Member since Jun 2007
9287 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 10:05 am to Will Cover)
Are there any rumors on the street as to wheter the FHA will expand their FHA streamline discounted insurance rates to loans they insured after 5/31/09.
I closed before that date (by 8 days) but those lazy fricks didn't insure it until July. Thus, no discount rate for Igor. I am under water so my refi options are pretty much that or nada...
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DawgyDog 
LA-Monroe Fan
RUSTON
Member since Apr 2008
280 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 10:14 am to igoringa)
We just got locked in on a 30 year refi at 3.0% (was at 4.375)! Pretty fired up about that!
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guttata
LSU Fan
prairieville
Member since Feb 2006
18235 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 10:23 am to DawgyDog)
We just closed on permanent financing and got 3.375 on 30 yr. I'm not complaining one bit
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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1231 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 10:42 am to SAL MINIO)
Sal rats are a rollercoaster and right now we are at the bottom. if they do go up we are talking .5% swing i wouldnt worrry to much about that
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SAL MINIO
Davidson Fan
17th Street Canal
Member since Sep 2006
1776 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 10:48 am to hawkeye007)
Thanks Hawk.
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MoreOrLes
LSU Fan
Member since Nov 2008
14902 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 11:28 am to Will Cover)
quote:
2.583 % is available on 15 year loans and 3.125 % is available on 30 year loans.
Is that 0 and 0
and where?
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Mercy Percy 
Florida Fan
Oklahoma City
Member since Oct 2009
1129 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 12:57 pm to MoreOrLes)
Yes please I wud like to know as well
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guttata
LSU Fan
prairieville
Member since Feb 2006
18235 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 1:48 pm to Mercy Percy)
I call bs on the 3.125 with 0 origination and 0 points. The par rate might be 3.125, but the mortgage co still has to make $$ somewhere.
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Croacka
UNLV Fan
Denham Sprangs
Member since Dec 2008
37576 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 1:57 pm to igoringa)
quote:
Are there any rumors on the street as to wheter the FHA will expand their FHA streamline discounted insurance rates to loans they insured after 5/31/09. I closed before that date (by 8 days) but those lazy fricks didn't insure it until July. Thus, no discount rate for Igor. I am under water so my refi options are pretty much that or nada...
A lot of people in that situation
I closed in march 09 and didn't realize that I had just made the cut for the old MI rates
Dropped from 5.5 to 3.75, I was under water too and didn't want to come out of pocket much. I did it with quicken with no closing costs
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Sorrento Muddbugs
LSU Fan
Member since Sep 2011
559 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 2:00 pm to SAL MINIO)
I got qouted yesterday for a 3.5% with no points and today @ 3.25% with no points on a 30yr refinance loan. Anything lower than that, will probably require points. Been in contact with about 6 companies the last 3 days, national and local.
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igoringa
LSU Fan
Tejas
Member since Jun 2007
9287 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 2:02 pm to Croacka)
quote:
I closed in march 09 and didn't realize that I had just made the cut for the old MI rates
What pisses me off royally is I did close before 5/31/09, but the lazy fricks did not get around to officially insuring it until July 09. If it was based off close date, I am in and have close to a $550 a month drop in interest.
aargh
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CAD703X 
Toledo Fan
Liberty Island
Member since Jul 2008
19355 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 3:38 pm to igoringa)
zillow!!!
great site. 5 star lenders..one or 2 clicks to get a quote from them.
slick.
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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1231 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 3:53 pm to guttata)
anything below 3.25% is going to cost you. i pulled the rates earlier and 3.25% is par for 740 credit. but only on this board do people bitch about rates with a 3 in the front of it
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CAD703X
Toledo Fan
Liberty Island
Member since Jul 2008
19355 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 4:42 pm to hawkeye007)
quote:
anything below 3.25% is going to cost you. i pulled the rates earlier and 3.25% is par for 740 credit. but only on this board do people bitch about rates with a 3 in the front of it
i was just quoted 3.125% 30yr no costs (other than standard $300 appraisal, etc) by northpointe bank for the record.
eta
Rate Quote ID: XX-XXXXX
Loan program: 30 year fixed
Rate (APR): 3.125% (3.125%)
Lender fees: $1
Monthly Payment: $1,211
Lender company: Northpointe Bank
This post was edited on 10/3 at 4:55 pm
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foshizzle
LSU Fan
Member since Mar 2008
25072 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 6:06 pm to CAD703X)
I got 3.25 on a condo loan. Incredible.
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Will Cover
Nebraska Fan
Colorado
Member since Mar 2007
22447 posts
| re: Mortgage rates lowest now? (Posted on 10/3/12 at 9:33 pm to MoreOrLes)
Zillow Mortgages.
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