- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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
re: What are the home loan interest rates looking like right now?
Posted on 10/9/18 at 8:15 am to ConfusedHawgInMO
Posted on 10/9/18 at 8:15 am to ConfusedHawgInMO
Wife and I were told we have immaculate credit and got 4.75 after searching this past summer and closing in August. I had an idea the rates were going to trend up some so we started looking a little earlier than we were planning. Worked out because we found the perfect home. 
0
Posted on 10/9/18 at 8:19 am to Flanders
quote:
What do the experts predict interest rates to be at come next summer?
6% ish
Posted on 10/9/18 at 8:42 am to VermilionTiger
Locked in last week. Was quoted 4.75 on a 30 yr with no points, bought it down to 4.625.
800+ credit
800+ credit
Posted on 10/9/18 at 5:33 pm to VermilionTiger
5% isn't high, it's just that rates have been abnormally low the past ten years.
Posted on 10/9/18 at 6:26 pm to ItNeverRains
Bragging rights for a $600k loan?
Posted on 10/10/18 at 5:09 am to Paul Allen
Rates need to climb higher. We’ve been living like a greedy piglet off of these artificially low rates for too long.
Posted on 10/10/18 at 10:31 am to Speckled
quote:
Bragging rights for a 600k loan?
Could put it on market tomorrow for 1.4M and it would sell in less than a week. Built it for 870k 2 years ago. So yeah, I’m bragging about 600k debt at 3.75% on a 1.4M asset.
Posted on 10/10/18 at 11:25 am to ItNeverRains
quote:
1.4M
How accurate are Zestimates?
Serious question. I see them on their website but never really researched how accurate they are.
Posted on 10/10/18 at 3:43 pm to hottub
quote:
How accurate are Zestimates?
They can be off 10% in either direction in my experience
Posted on 10/10/18 at 8:52 pm to ItNeverRains
I was lucky enough to have a home that was paid for when Interest rates were low. Pulled out some equity at 3% with Wells Fargo. Not in a hurry to pay that back.
In 1981 interest rates were 18% on a 30 yr loan. What would that do to people today with their 8 year truck loans?
In 1981 interest rates were 18% on a 30 yr loan. What would that do to people today with their 8 year truck loans?
Posted on 10/10/18 at 10:37 pm to highcotton2
I purchased my home 2.75 year ago for an interest rate of 4%. I was upset that I didn't get under 4. Sorry to hear this you guys.
My equity has went up 100,000 dollars since I purchased. I do not want to buy a house right now. Prices are way too inflated.
My equity has went up 100,000 dollars since I purchased. I do not want to buy a house right now. Prices are way too inflated.
Posted on 10/10/18 at 10:52 pm to Mud_Till_May
quote:Well I got a much lower rate a couple months ago, but the alternative for us was rapidly rising rent and space was becoming a premium with a kid and planning for more in the future.
I do not want to buy a house right now. Prices are way too inflated.
I think owning a home is overrated as an investment, but since it fulfills a necessity, it’s still often better than the alternative, especially if it’s not a short-term decision.
Posted on 10/10/18 at 11:17 pm to Mud_Till_May
quote:
My equity has went up 100,000 dollars since I purchased
It's not yours till you cash out or sell
Better grab that 100k before the next implosion
Posted on 10/10/18 at 11:28 pm to buckeye_vol
quote:
think owning a home is overrated as an investment,
My understanding is that your primary residence should never be considered an asset. Home ownership is such a pain in the arse especially when the SO watches HGtv all day and the “good idea fairy”, my MiL, ALWAYS has suggestions.
Posted on 10/11/18 at 2:47 am to iknowmorethanyou
quote:
Still an historical bargain.
I assumed a 9.9% mortgage from the seller on my first house in 1984, the going rate for a 30 year at the time was around 14-15%, it felt like I had stolen the money from the mortgage company.
Posted on 10/11/18 at 7:55 am to highcotton2
quote:
I was lucky enough to have a home that was paid for when Interest rates were low. Pulled out some equity at 3% with Wells Fargo. Not in a hurry to pay that back. In 1981 interest rates were 18% on a 30 yr loan. What would that do to people today with their 8 year truck loans?
Smart man. Leveraging cheap money is the best way for most of us to build wealth.
Posted on 10/11/18 at 8:31 am to ConfusedHawgInMO
Got mine locked in at 4% on the dot with minimal credit history December 2016
Posted on 10/19/18 at 2:47 pm to VermilionTiger
I just locked in a 30 for 4.75%. That was up 1/8 over the week before. That is still an extremely good rate, but sucks considering I'm at 3% on my old house, which was a 15 year fixed about 6 years ago.
Posted on 10/21/18 at 7:36 pm to highcotton2
quote:
In 1981 interest rates were 18% on a 30 yr loan
My parents bought the house I grew up in back in 1981. Rate was 16.75% or something like that. On top of that, they put my Dad through the ringer in terms of applying. He had to list character witnesses and the bank actually called these people to make inquiries about my dad's fitness to pay back the loan.
On a side note, we bought the house for 78k, sold it 10 years later for 275k and a few years ago the couple who bought it from us sold it for 1.2 million. So even at that crazy interest rate, pops made out ok and the couple who bought from us made out like bandits.
Posted on 10/22/18 at 12:34 am to AUFANATL
My new home will be finished up this week so we will be closing on the loan next week. Got quoted 4.15 on a 15 year fixed and 4.75 on a 30 year fixed.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News