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Old 09-11-2007, 02:09 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,628,164 times
Reputation: 1008

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sorry

the stocks go up....so the spread of bonds go down.
which mean people are less likely to buy it.

which means higher rate.

as you can see the market is anticipating the FED to lower the rate..and this is driving the market up. The mortgage rates will go up. They went up today due to the speculation from investors.

Quote:
Originally Posted by FrankTheTank2 View Post
Is this correct,

If fed. lowers rate, stocks should rise and bonds should go down.

If bonds go down, the hopefully mortgage rates will also go down, therefore, we hope feds. lower rates to get lower mortgage?
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Old 09-12-2007, 01:44 PM
 
1,253 posts, read 4,320,857 times
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Yay! Glad I locked in my rate yesterday am before they raised it!
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Old 09-18-2007, 01:18 PM
 
1,253 posts, read 4,320,857 times
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Okay so the Fed. just lowered rates by an amazing 50bp. Can anyone comment on what the 30-yr fixed mortgage rate is doing?
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Old 09-18-2007, 01:21 PM
 
Location: Charlotte, North Carolina
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just watch the 10yr bond rates.....did they go up or down?

like i mentioned before...the FED lowered it to stimulate the market.
would you invest your money in bonds if the market was doing well?
the market went up like 285 points!!!!

the mortgage rates will rise this week. If we get bad news..then they will drop. the fed funds rate dropping by 50bp will lower the Prime rate. Most banks put a 300bp on top of the fed funds rate. Prime Rate was at 8.25..and it should lower to 7.75% pretty soon

Quote:
Originally Posted by FrankTheTank2 View Post
Okay so the Fed. just lowered rates by an amazing 50bp. Can anyone comment on what the 30-yr fixed mortgage rate is doing?
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Old 09-18-2007, 01:35 PM
 
1,735 posts, read 4,357,191 times
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As far as I know the fed rate only helps/hurts credit card, second mortgages, and adjustable mortgages that are directly tied to the fed rate.
Every time I have tried to refinance after the fed cut rates I was told the fed rate has nothing to do with the 30 year mortgage rate.
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Old 09-18-2007, 01:52 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,628,164 times
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it doesnt........Fed Funds Rates affect credit cards, student loans, auto loans, 2nd mortgages, and some ARM's.

Quote:
Originally Posted by RedNC View Post
As far as I know the fed rate only helps/hurts credit card, second mortgages, and adjustable mortgages that are directly tied to the fed rate.
Every time I have tried to refinance after the fed cut rates I was told the fed rate has nothing to do with the 30 year mortgage rate.
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Old 09-18-2007, 03:58 PM
 
4,968 posts, read 12,576,839 times
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Quote:
Originally Posted by FrankTheTank2 View Post
Okay so the Fed. just lowered rates by an amazing 50bp. Can anyone comment on what the 30-yr fixed mortgage rate is doing?
steady. ..
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Old 09-18-2007, 04:01 PM
 
Location: Charlotte, North Carolina
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yea they're still at 6.0-6.125% with 1 origination fee.
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Old 09-18-2007, 07:03 PM
 
295 posts, read 991,439 times
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Quote:
Originally Posted by banker0679 View Post
yea they're still at 6.0-6.125% with 1 origination fee.
How is 6.375 with a 1 point origination fee? I was told that without the 1 point origination fee it would be at 6.70, does that sound right or is she trying to make the 1 point look more attractive?
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Old 09-18-2007, 07:10 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,628,164 times
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depends on your loan amount....your LTV...and credit score.

if your loan amount is over 200k....95% LTV...and 720+ then you should get either 6 or 6.125 with 1point.

then again i work with over 400 lenders....OPTIONS!

Loan amount can help lower the rate.....

I had a customer who has a 460 credit score....340k loan amount FHA...there rate was 6.375% with 1 point.

if the loan amount was 130k...then the rate would be higher.

always negotiable

Quote:
Originally Posted by Gosox05 View Post
How is 6.375 with a 1 point origination fee? I was told that without the 1 point origination fee it would be at 6.70, does that sound right or is she trying to make the 1 point look more attractive?
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