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Started By
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re: Home interest rates outlook
Posted on 10/15/20 at 2:30 pm to TheWalkoff
Posted on 10/15/20 at 2:30 pm to TheWalkoff
if rates go much lower, that means the financial system is collapsing...and you won't have a job anyway...
0
Posted on 10/15/20 at 2:33 pm to TheWalkoff
What are those in the know on the MB seeing for 30 year jumbo loans? $600k range...
ETA that this would be for a construction to perm loan.
ETA that this would be for a construction to perm loan.
This post was edited on 10/15/20 at 2:35 pm
Posted on 10/15/20 at 3:31 pm to 22jctiger22
30yr on jumbos is 3.375% right now
Posted on 10/15/20 at 3:41 pm to TheWalkoff
the Fed rates disconnected from mortgage rates years ago in my opinion. we had rates in the high 3 and low 4% range for most of Obama's presidency and the Fed rate was 0. The fed rate helps out the banks these days more than it helps mortgage rates. That just my opinion, i would prefer them to stay low and this boom to continue.
Posted on 10/15/20 at 4:33 pm to hawkeye007
Well, that’s big enough of a difference in rates to limit the amount to be a confirming loan...
Posted on 10/15/20 at 4:53 pm to SanJoseTigerFan
How much are you really going to gain if it drops to 2 or 1.875?
Grab it now.
Grab it now.
Posted on 10/16/20 at 2:24 am to TheWalkoff
Sorry I got a 2.25% from quicken loans for a VA IRRRL loan... 12k in lender credits on loan for $899k
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