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Message
re: New Current Mortgage Rates Thread
Posted on 2/26/21 at 4:50 pm to WeAreBR
Posted on 2/26/21 at 4:50 pm to WeAreBR
quote:
Float for now
Was just told this by a lender on the gulf coast. He said a “bounce was coming” and I was like frick floating then he said it was a “good bounce”. I told him he may need to rethink the terms he uses!
0
Posted on 2/27/21 at 6:48 am to WeAreBR
quote:
PCE (Personal Consumption Expenditures) was up .3% in January, which was in line with expectations. Year over year index increased from 1.3% to 1.5%. As a result, mortgage bonds climbed back above 100.133- Hoping to see a follow through of improvement next week - Float for now
Thanks Barry
Posted on 2/27/21 at 9:03 am to SDVTiger
Closed Jan 29, 368k mortgage, locked in at 2.5 30 yr. over 800 credit score.
I consider myself lucky on this timing
I consider myself lucky on this timing
Posted on 2/27/21 at 9:54 am to iluvredboxx
My bank has a loan promo right now for 2.85% fixed for 15 years, 30 year amort., 1% origination fee. Max 90% LTV. No Pmi, and no escrow. Just one borrower must have a 700+ credit score. Loan amount can be up to $3 million.
This post was edited on 2/27/21 at 9:56 am
Posted on 2/27/21 at 10:38 am to Brightside Bengal
What bank is this?
Posted on 2/27/21 at 12:08 pm to iluvredboxx
Notary is coming to my house on Monday to close my refi.
2.25% 30 year. VA loan.
2.25% 30 year. VA loan.
Posted on 2/27/21 at 12:29 pm to wileyjones
quote:PennyMac. My original mortgage got sold to them. They called me about a rate reduction refi back in January. IRRRL VA loan. No appraisal. No income verification. Sounded to good to be true, but it wasn't. If you have VA home loan benefits, it would very much be a good idea to look into this.
Woa
What bank?!
Posted on 2/27/21 at 4:28 pm to WeAreBR
quote:
Float for now
You saying we could see a decrease again?
I have money earmarked to buy 2 points if it's offered by lender.
Posted on 2/27/21 at 7:10 pm to Zachary
Refinanced to a 15 year, 2.375%.
Posted on 2/28/21 at 8:29 pm to udtiger
Friday I locked 3% on 30 year fixed jumbo purchase in Dallas suburbs. Excellent credit. For some reason.. jumbo rates quoted were better than conventional.
720k home with 20% down. Fraction of a point. Fee waived by lender.
I was just quoted 2.5% 3 weeks ago. I can’t complain but man that’s frustrating.
720k home with 20% down. Fraction of a point. Fee waived by lender.
I was just quoted 2.5% 3 weeks ago. I can’t complain but man that’s frustrating.
Posted on 3/1/21 at 9:55 am to Hiking Tiger
We started trending up again on Friday - Ideally this continues upwards and the demand for bonds increases
Posted on 3/1/21 at 10:05 am to WeAreBR
Correction down 19 bps since this morning
Posted on 3/1/21 at 4:18 pm to WeAreBR
I was quoted 3.6% for a construction all-in-one
Is it just me or is that wild high
Excellent credit for what it’s worth and amount at the conventional limit
Is it just me or is that wild high
Excellent credit for what it’s worth and amount at the conventional limit
Posted on 3/7/21 at 8:35 am to wileyjones
Was quoted 3.25 on a 30yr conventional. 20% down. How will the news on the passing of Stimulus package over the weekend affect rates next week? Rates have gone up as I was originally quoted 2.75% not to long ago.
Posted on 3/7/21 at 8:41 am to wileyjones
Refinanced a couple weeks ago with a 2.25 rate.
Posted on 3/9/21 at 2:05 am to Brightside Bengal
quote:
My bank has a loan promo right now for 2.85% fixed for 15 years, 30 year amort., 1% origination fee. Max 90% LTV. No Pmi, and no escrow. Just one borrower must have a 700+ credit score. Loan amount can be up to $3 million.
That would be from First American Bank. My guy is at their location in Metairie right in front of lowes.
Posted on 3/9/21 at 2:07 am to wileyjones
That FABT rate can be for a construction all-in-one for an extra 0.5% on the origination fee.
Posted on 2/1/22 at 11:37 am to THRILLHO
Rates will increase for every mortgage company or bank because it is based upon MBS pricing set on the market. When you do shop for mortgages, do not focus on rate because many times you will have to pay more at closing for a lower rate. And this may not be a benefit for you if you do not stay in the home for the life of the loan. As a loan officer, I always want people to get the best deal so I encourage them to bring me the competitors loan estimate to help them understand if they are getting a good deal. Whatever you do, do not go to an online lender for a purchase. Local people can beat their rates. Those lower rates the online people offered during covid only amounted to thousands of people loosing their jobs.
Posted on 2/1/22 at 5:51 pm to Zachary
Our jumbo was 2.8 in October 2020. I just checked the quote again and it would be 3 if I did it today.
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