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re: Its going to be a good week for mortgage rates

Posted on 2/10/09 at 2:09 pm to
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 2/10/09 at 2:09 pm to
What's the lowest I could expect to get for an FHA loan within the next 2 weeks? My GFE last week was set at 5.5%.

Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:14 pm to
yea your broker is taking you.
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/10/09 at 2:17 pm to
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 2/10/09 at 2:18 pm to
Well, my question was what could I hope to get?
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:18 pm to
lowest rate right now is 4.875%. thats a big swing your way if you can make him give it to you. how close to closing are you?
Posted by 633tiger
Member since Jun 2007
1230 posts
Posted on 2/10/09 at 2:20 pm to
nate - right now i'm at 6.4 with a 1300/month note. Should i hold out for the lowest possible or pull the trigger now? i get goose bumps thinking i could get to 4.5.
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/10/09 at 2:20 pm to
Remind me on FHA... how much is closing on average (assume $321K loan) including insurance and how much is the monthly insurance.

Thanks man.
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 2/10/09 at 2:21 pm to
1 week, 2 at most, My GFE was almost 2 weeks ago though.
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:35 pm to
PMI on the FHA loan for that amount would be 147.00 amonth
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:36 pm to
if your broker didnt lock you then start talking to him about it. tell him you have a better offer that makes him sweat .
Posted by CAD703X
Liberty Island
Member since Jul 2008
91056 posts
Posted on 2/10/09 at 2:38 pm to
quote:

bignate76


Did you talk to my friend? He asked me if I knew you personally and I hated to say 'uh..its a dude from a messageboard...."

I know he could save a fortune considering his current rate.
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:39 pm to
633 if you want my best advice this is how i tell my customers. get in line right now! get your appraisal done,get title ordered get everything you need to the broker to close the loan and then when you see your rate lock it and close it. i can make 4.875% happen right now 4.5% would take some work but who knows
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:40 pm to
CAD who is the friend i may have i am helping a couple of guys from the board right now . whats his user?
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/10/09 at 2:41 pm to
quote:

i am helping a couple of guys from the board right now

Posted by CAD703X
Liberty Island
Member since Jul 2008
91056 posts
Posted on 2/10/09 at 2:42 pm to
quote:

whats his user?


he's not on the board..he's an old neighor here in Nashville..u gave me an email to use for him..
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/10/09 at 2:45 pm to
quote:

PMI on the FHA loan for that amount would be 147.00 amonth


How much is the upfront MI and closing?
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/10/09 at 2:46 pm to
quote:

igoringa

Why not give nate a call or converse through e-mails?
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/10/09 at 2:47 pm to
Good point,

nate email me at bodacioustatasarenice@hotmail.com... let me know when you get this and I will take it off
This post was edited on 2/10/09 at 2:58 pm
Posted by 633tiger
Member since Jun 2007
1230 posts
Posted on 2/10/09 at 2:51 pm to
nate - how can i get you business contact info?
Posted by Ziggy
Member since Oct 2007
22053 posts
Posted on 2/10/09 at 2:53 pm to
quote:

nate - how can i get you business contact info?

Post your e-mail address and he will contact you.
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