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

Posted on 2/10/09 at 2:56 pm to
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:56 pm to
633 post your email . i will email you and then you can take it down
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 2/10/09 at 2:56 pm to
did u get mine?
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:57 pm to
up front MI is 1.75% of the loan amount
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:57 pm to
got it IG
Posted by 633tiger
Member since Jun 2007
1230 posts
Posted on 2/10/09 at 2:57 pm to
nate - can you contact me?

Thanks Nate
This post was edited on 2/10/09 at 2:59 pm
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 2:58 pm to
got it 633
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 3:04 pm to
all right got every ones email. I have a solution for your questions about mortgages money board guys and you will see it soon enough on TD.
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 3:06 pm to
Ig..your email came back to me?
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/10/09 at 4:08 pm to
CAD i havent seen anything in my inbox for anyone not from the board but i will take good care of him if he calls in.
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/17/09 at 3:26 pm to
rates still holding at 4.875% but everyone is saying the rates should slide down this week. i will keep everyone posted
Posted by Dodd
Member since Oct 2003
21115 posts
Posted on 2/17/09 at 3:51 pm to
I got a 5% rate with 0 points on a 30 day float yesterday. I'd be willing to bet If locked in within 2 weeks, it will be below 4.8%
Posted by Parliament
Member since Dec 2007
5787 posts
Posted on 2/17/09 at 4:19 pm to
quote:

I got a 5% rate with 0 points...


No 1% origination?
Posted by Dodd
Member since Oct 2003
21115 posts
Posted on 2/17/09 at 4:21 pm to
nuh uh
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/17/09 at 4:22 pm to
5% with no origination is a really really good deal. i charge origination on anything under 5.5% thats my rule. you sure its not just 5% with no points because otherwise that broker is doing the loan for free.
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
17117 posts
Posted on 2/17/09 at 4:22 pm to
quote:

I got a 5% rate with 0 points...


quote:

No 1% origination?


Origination fees and buydown points are two separate things.

Posted by Dodd
Member since Oct 2003
21115 posts
Posted on 2/17/09 at 4:28 pm to
beats me why they are doing it for free. maybe trying to lock in qualified buyers?
Posted by bignate76
baton rouge
Member since Feb 2008
713 posts
Posted on 2/17/09 at 4:30 pm to
most lenders are overflowing with loans. i wouldnt lock just yet this week the rates went down late today. if this continues we may see the 4.5% again.
Posted by Dodd
Member since Oct 2003
21115 posts
Posted on 2/17/09 at 4:47 pm to
quote:

most lenders are overflowing with loans. i wouldnt lock just yet this week the rates went down late today. if this continues we may see the 4.5% again.

I agree completely
Posted by CAD703X
Liberty Island
Member since Jul 2008
91058 posts
Posted on 2/17/09 at 5:29 pm to
quote:

AD i havent seen anything in my inbox for anyone not from the board but i will take good care of him if he calls in.


I'll ping him again. I know he could definitely benefit from talking to you.
Posted by yudaman
Central Texas
Member since Aug 2005
412 posts
Posted on 2/17/09 at 5:40 pm to
quote:

I got a 5% rate with 0 points on a 30 day float yesterday. I'd be willing to bet If locked in within 2 weeks, it will be below 4.8%


Exactly the deal I'm holding out for. Just got off the phone with my broker who thinks she can make it happen. I'm doing a cash out refi, great credit, 70 LTV in Texas. Bignate, I'm glad to hear you're optimistic that rates will fall. Guess we'll see.
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