- 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
Fed expected to drop rates on Wednesday. Will it affect mortgage rates?
Posted on 9/9/19 at 1:00 pm
Posted on 9/9/19 at 1:00 pm
Saw that there was about a quarter point rise in rates this morning. Will the Fed rate decrease have any expected corresponding decrease in rates? I know they aren't necessarily related, but there's a huge uptick in refi right now and is that impacting the rate more than the Fed?
2
Posted on 9/9/19 at 1:34 pm to HubbaBubba
Yes and no. Purely on a technical basis, the 30 year rate dropped significantly after the rate cut in July. There was inevitably going to be a bounce.
US30YR Rate
The million dollar question is why does the bond market believe the Fed will be cutting the short term rate 4 more times in the next 8 months?
Rate Cut Probabilities
Hope this helps.
US30YR Rate
The million dollar question is why does the bond market believe the Fed will be cutting the short term rate 4 more times in the next 8 months?
Rate Cut Probabilities
Hope this helps.
Posted on 9/9/19 at 2:15 pm to UpstairsComputer
Maybe. The mortgage lender, Lending.com, includes a rate guarantee of best current rate IF the basis points drop by 125 points or greater. Looks like I should lock in (3.5) and see where it falls to at closing.
Posted on 9/9/19 at 2:35 pm to HubbaBubba
That actually sounds pretty good. What's the timeframe on that offer? Is it just during the closing period (like 30-45 days) or for something like a 12 month period?
Also, just to prove I could beat the hell out of that chart, check this out... US30Y
Also, just to prove I could beat the hell out of that chart, check this out... US30Y
Posted on 9/9/19 at 5:33 pm to UpstairsComputer
Not sure of the lock date. 30 is pretty standard, but 45 might be good, too. I've been working, so the documents are sitting in my inbox to digitally sign in a little bit.
Posted on 9/9/19 at 5:50 pm to HubbaBubba
I just locked a 30 year at 3.625% for 45 days. Our house should be finish in about 3-4 weeks. The 15 year rate was 3.125%
Posted on 9/9/19 at 7:06 pm to ThatsWhatSheSaid69
quote:
The 15 year rate was 3.125%
I'm hoping for this come May next year. Or less.
Posted on 9/9/19 at 7:20 pm to HubbaBubba
I got 4% on my loan that closed in July. Is there a rate that I should try to refinance? Will anyone refinance that new of a loan?
Posted on 9/9/19 at 10:19 pm to LSUSUPERSTAR
Any will refinance that loan. They’ll charge you a couple grand though. You need to calculate what your payback is or how long until your savings exceed your new closing costs. If you’ll be in the home longer than that, go ahead and refi
Posted on 9/9/19 at 11:35 pm to UpstairsComputer
quote:I’m pretty sure that fixed rate mortgages (and a whole bunch of other loans and lines of credit) follow the 10-year treasury, although both have a high correlation with the 30-year rate anyways.
the 30 year rate dropped significantly after the rate cut in July.
This post was edited on 9/9/19 at 11:38 pm
Posted on 9/10/19 at 11:11 am to LSUSUPERSTAR
quote:
I got 4% on my loan that closed in July. Is there a rate that I should try to refinance? Will anyone refinance that new of a loan?
I have always heard the Rule of Thumb is 1% drop in rate and gonna be in house another five years. No clue if that is true.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News