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Posted on 7/30/12 at 11:16 am to vettegc
quote:
Anybody have experience with any of these companies? Is the zillow app any good?
I can speak from experience with New Penn Financial (listed on Zillow).
Very good experience, tremendously low rate (2.875 % on 15 year), fast to respond and fees were only $995.00 to NPF.
If you need the name of my loan officer, let me know.
This post was edited on 7/30/12 at 11:16 am
Posted on 7/30/12 at 12:44 pm to Will Cover
Looks like rates are ticking up some?
Posted on 7/30/12 at 1:39 pm to TheDoc
its a sideways kind of day on rates.
Posted on 7/30/12 at 10:28 pm to Will Cover
quote:
I can speak from experience with New Penn Financial (listed on Zillow).
Very good experience, tremendously low rate (2.875 % on 15 year), fast to respond and fees were only $995.00 to NPF.
If you need the name of my loan officer, let me know.
Yes please!
Posted on 7/31/12 at 7:59 pm to vettegc
I dont think there is anywhere for rates to go but down until after the fed meets.
feds announce QE3, rates drop 1/8 or 1/4.
feds announce no QE3, rates stay the same in anticipation of a Sept QE3 announcement.
feds announce QE3, rates drop 1/8 or 1/4.
feds announce no QE3, rates stay the same in anticipation of a Sept QE3 announcement.
Posted on 7/31/12 at 11:00 pm to TheDoc
Locking at 3.25% was definitely a good idea.
The only way I would shop further would be if I was certain that I was going to move within the next 10 years and I was able to find 10/1 ARM around 2.9%, but even then I think I'd rather have the locked 3.25 just in case I decide to stay. Rates can't go down much lower, if at all. Inflation is already high. The purpose of the Fed keeping rates low is to stimulate borrowing => ^ money supply => hopefully us pulling out of these tough times. Given that inflation is already high (lowering rates further increases inflation), and money is already cheap, there's really no reason to further drop rates. The reason the dropped rates haven't stimulated the economy like they should is that most people who want to take advantage of cheap money can't qualify for it.
The only way I would shop further would be if I was certain that I was going to move within the next 10 years and I was able to find 10/1 ARM around 2.9%, but even then I think I'd rather have the locked 3.25 just in case I decide to stay. Rates can't go down much lower, if at all. Inflation is already high. The purpose of the Fed keeping rates low is to stimulate borrowing => ^ money supply => hopefully us pulling out of these tough times. Given that inflation is already high (lowering rates further increases inflation), and money is already cheap, there's really no reason to further drop rates. The reason the dropped rates haven't stimulated the economy like they should is that most people who want to take advantage of cheap money can't qualify for it.
Posted on 8/1/12 at 5:37 am to vettegc
Send me an email and I will provide with you with my loan officer's information.
kneegrow@inbox.com
kneegrow@inbox.com
Posted on 8/1/12 at 6:25 am to BenjaminFranklin
quote:
Given that inflation is already high (lowering rates further increases inflation), and money is already cheap, there's really no reason to further drop rates.
i disagree.
inflationary indicators haven't been on the rise and all of the fed predictions arent discussing IF another round of QE3 is coming, but WHEN.
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