lpsster

There is no easy answer to this, myself like you did the responsible thing and took the responsible mortgage. This bailout however will affect you if your neighbors made bad choices when they mortgaged their home, if they lose it to foreclosure you will see a dramatic drop in the value of your home. So in a sense this bailout is for you too--. Kinda sucks, but then it kinda doesn't if your asset's value is protected--

I have been hearing alot of talk about leases and a live well in Sabine Parish (around Pleasant Hill). My in laws have some acreage in this area, does anyone know anything about lease prices per acre of if the live well talk is true?

You should be able to get 6.375% if you are paying an origination point and 6.625% with no point. Hope this helps

Your mortgage rates react in a similar manner as the 10 yr bond, however they are not tied together. Your mortgage rates are actually tied to the fannie mae/ Freddie Mac securites being traded on the Chicago board. This information is not real accessible or generally in live time. What I tell my customers who are trying to figure out what the rates are is to check out our site daily after 10 am

www.integralendinggroup.com/INTEGRA_lock_advisory

We pay an outside firm to give us market/statistical info on the market and a lock recommendation--This analysis is not perfect but we have found it to be very helpful and breakdown what affects interest rates into layman terms. Hope this helps

You show up to close and your interest rate is different, your fees are higher than expected--

You got lied to--unless you were going for the $7500 tax credit just signed into law via HR 3221 (this does go into effect until Oct. 1) your application was denied under false pretenses.