- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Current Mortgage Rates
Posted on 6/4/20 at 11:04 pm to HYDRebs
Posted on 6/4/20 at 11:04 pm to HYDRebs
quote:
It’s to deter the availability to lock in a position over and over again if rates got better.
Makes sense, but I’m not trying to get a better rate. Just trying to get their current rate which happens to be the same rate I originally locked into.
Update: the bank called this morning and agreed to re-lock the loan at 2.875% for 45 days with no charge to me. I'm happy to say the least and glad I pushed back when it didn't make sense to pay $1700 or $1050 to do this.
This post was edited on 6/5/20 at 8:50 am
0
Posted on 6/5/20 at 10:56 am to AFtigerFan
first who is your bank? I would ask for a 15 day extension that normally cost .25% if they can't provide that ask why. Going with another bank is going to cost you 45 days at this point.
Posted on 6/5/20 at 11:02 am to hawkeye007
quote:
first who is your bank? I would ask for a 15 day extension that normally cost .25% if they can't provide that ask why. Going with another bank is going to cost you 45 days at this point.
Current bank is doing a 45-day re-lock for no fee. Their current rates are exactly the same as my previous lock that expired. No need to switch. They did the right thing especially since they moved the goal posts about a week before closing.
Posted on 6/5/20 at 1:33 pm to hawkeye007
quote:
hawkeye007
What are you seeing on a fixed 30 with the 10-year treasury jumping so much?
Posted on 6/5/20 at 10:19 pm to Janky
About 3.25 still. MBS moves today but not as much as expected with the quick treasury jump today. At least from what I saw
Posted on 6/6/20 at 12:42 am to Lickitty Split
I can do 4.75% on a 5 year balloon, 20 yr amort.
Posted on 6/8/20 at 2:56 pm to Brightside Bengal
Are the rates trending back up? Not seeing the ~3.0 that we had been seeing the last few weeks.
Posted on 6/8/20 at 3:36 pm to Janky
3.125% this morning on the 30yr this morning
Posted on 6/8/20 at 3:57 pm to hawkeye007
Got a refinance at 3% @ 30 year fixed with an effective closing costs of $500.
Posted on 6/8/20 at 3:58 pm to tissle
thats a great deal
Posted on 6/9/20 at 5:50 am to hawkeye007
Just locked in 2.75% on a 30-year VA loan. Definitely got lucky in the timing of my PCS.
Posted on 6/9/20 at 1:20 pm to TopFlightSecurity
Not a rate question, but my house is now under contract and I'm going to have to close 2-3 weeks before my new house is ready.
With interest rates so low, should I keep some of my sales price in my pocket for extra items (landscaping, appliances, etc) and just get a bit of a higher mortgage?
With interest rates so low, should I keep some of my sales price in my pocket for extra items (landscaping, appliances, etc) and just get a bit of a higher mortgage?
Posted on 6/9/20 at 1:44 pm to kywildcatfanone
You’ll be “financing” these things for the term of your loan, but ultimately yes IMO. Just make sure you don’t creep past 80% LTV or any other benchmarks. And of course your mortgage is not higher than you can afford. Keep this extra cash reasonable.
Posted on 6/9/20 at 1:50 pm to kywildcatfanone
quote:
Not a rate question, but my house is now under contract and I'm going to have to close 2-3 weeks before my new house is ready.
With interest rates so low, should I keep some of my sales price in my pocket for extra items (landscaping, appliances, etc) and just get a bit of a higher mortgage?
i did... in February i was quoted at 3.625% and locked in last week at 3.25% so we put less down.
This post was edited on 6/9/20 at 1:53 pm
Posted on 6/9/20 at 2:42 pm to kywildcatfanone
quote:
Not a rate question, but my house is now under contract and I'm going to have to close 2-3 weeks before my new house is ready.
With interest rates so low, should I keep some of my sales price in my pocket for extra items (landscaping, appliances, etc) and just get a bit of a higher mortgage?
Do FHA and only put 3.5% down and keep that other 16.5% in your pocket
Posted on 6/9/20 at 4:47 pm to SDVTiger
quote:
Do FHA and only put 3.5% down and keep that other 16.5% in your pocket
My downpayment is 70% of the total mortgage.
Posted on 6/9/20 at 5:48 pm to kywildcatfanone
That's crazy. Then put down 3.5% and keep the other 66.5% in your pocket
Posted on 6/9/20 at 7:07 pm to SDVTiger
Anybody heard of or dealt with “New American Funding”? Company out of California, looks like they have a branch in Alabama. They’re offering me a 3.0% rate and a $1600 lender credit, along with an appraisal waiver.
Posted on 6/9/20 at 7:38 pm to LSUtigerME
Yes a great company
Posted on 6/9/20 at 7:41 pm to SDVTiger
quote:
SDVTiger
Yes a great company
Seriously? I’m seeing mixed reviews all over so it’s got me nervous/skeptical AF. They are offering me a great deal, so it feels like a “too good to be true”. I haven’t given them anything except my information.
Page 17 of 52
Popular
Back to top
Follow TigerDroppings for LSU Football News