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12-04-2008, 11:20 AM
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Still going
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Join Date: Apr 2006
1,373 posts, read 1,293,179 times
Reputation: 377
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So when will the 4.5 % Loans be Available
If Ever?
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12-04-2008, 12:02 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,663,689 times
Reputation: 673
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today 30yr fixed rates are at 5%...paying 1 origination fee.
(720+ score, 20% down, 200k loan amount)
It will probably continue to go further
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12-04-2008, 01:28 PM
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Member
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Join Date: Sep 2008
Location: VA
56 posts, read 37,964 times
Reputation: 15
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How much does only putting 10% down typically add to the rate, like to that 5% for example?
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12-04-2008, 01:29 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,663,689 times
Reputation: 673
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it should be the same rate but then you have to pay PMI..
Quote:
Originally Posted by GMU
How much does only putting 10% down typically add to the rate, like to that 5% for example?
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12-04-2008, 01:45 PM
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Member
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Join Date: Jan 2008
Location: Charlotte, NC
46 posts, read 27,759 times
Reputation: 31
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Quote:
Originally Posted by renriq02
today 30yr fixed rates are at 5%...paying 1 origination fee.
(720+ score, 20% down, 200k loan amount)
It will probably continue to go further
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what about fha? how are those rates looking? |
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12-04-2008, 02:11 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,663,689 times
Reputation: 673
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5.375-5.5 with 3% down....1 origination fee...same as above
Quote:
Originally Posted by ivymw2002
what about fha? how are those rates looking?
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12-04-2008, 02:14 PM
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Licensed Mortgage Broker and Banker/Realtor
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Join Date: Aug 2008
Location: Fort Myers, FL
1,287 posts, read 673,905 times
Reputation: 222
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well tomorrow the new horrible unemployment rates come out! this will drive interest rates down!
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12-04-2008, 02:18 PM
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Member
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Join Date: Jan 2008
Location: Charlotte, NC
46 posts, read 27,759 times
Reputation: 31
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Quote:
Originally Posted by renriq02
5.375-5.5 with 3% down....1 origination fee...same as above
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thanks....im closing on dec 16. im locked at 5.5% im hoping i can float down to a better rate. |
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12-04-2008, 02:42 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,663,689 times
Reputation: 673
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it was 5.25% last week...but 5.5% is still a good rate!
Quote:
Originally Posted by ivymw2002
thanks....im closing on dec 16. im locked at 5.5% im hoping i can float down to a better rate.
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12-04-2008, 03:16 PM
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Senior Member
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Join Date: Jan 2008
Location: Casa Grande, AZ (May 08)
368 posts, read 254,928 times
Reputation: 159
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How bout for Streamline FHA refi? Im at 5.75 now, but plan to be in house long term....so if they can get to the 5.0 range it may be worth it to do a streamline...I dont need any cash out...also, any idea of BALLPARK (I know each situation is different) streamline closing costs on a 144K loan amount?
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