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re: Mortgage Rates

Posted on 4/1/09 at 3:30 pm to
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 4/1/09 at 3:30 pm to
your way ahead of yourself. to be honest with you within the next 3 months there want be to many lenders letting you put down just 5% alot of them have already gone to min. 10% down. FHA will always be 3.5% down for the time being. you should be able to get a rate under 5% for the next 2-3 months. its hard to judge it after that
Posted by uscpuke
Member since Jan 2004
5043 posts
Posted on 4/2/09 at 12:49 pm to
Bignate -

How can I get in touch with you? I am closing on a home April 24th and I am using Wells Fargo in Ohio (long story how I got hooked up with them). I am locked in at 4.6% right now, however they have me very concerned that they can actually meet that closing date. Keep in mind that they have had 45 days to be prepared.
I may want to jump ship if I can get similar terms with someone local (I live in Lafayette).

dback17@cox.net
Posted by DieSmilen
My Rubbermaid Desk
Member since Dec 2007
1736 posts
Posted on 4/2/09 at 1:57 pm to
Bignate?

Where are you getting the info about lenders raising the downpayment to 10%?
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