Are mortgages being made at all - Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - Page 2 - City-Data Forum

brokerdave · 10-02-2008, 07:54 AM

i have a client closing today conventional purchase with 5% down 765 credit, 5.25% rate.

renriq02 · 10-02-2008, 07:58 AM

must be an ARM or 15yr fixed or paid a few points for that if it's a 30yr fixed.

Quote:

Originally Posted by brokerdave

i have a client closing today conventional purchase with 5% down 765 credit, 5.25% rate.

brokerdave · 10-02-2008, 08:00 AM

30 year fixed paying me .5% YSP

renriq02 · 10-02-2008, 08:02 AM

provident

Quote:

Originally Posted by brokerdave

30 year fixed paying me .5% YSP

brokerdave · 10-02-2008, 08:04 AM

it was the other day when rates dipped. i think i got a alt-a company email that same morning, they were at 6% paying 1.675%.

Hollytree · 10-03-2008, 10:51 AM

Thanks for all the comments. I'm wondering whether to refi an investor property currently on a 5/1 ARM (at 5.125 now) 6 mo LIBOR arm that's in the resetting phase (next reset early 09). Loan would be 188k with excellent credit- house has good equity. Libor rates are rising now- do you think they will go lower if bailout passes - or best to get something else now. Kind of a quandary!!!

brokerdave · 10-03-2008, 11:34 AM

find out what your margin is and add that to the current index(i think its 4%, right now) and you will know where you will be at.

Hollytree · 10-03-2008, 12:22 PM

Yes, I know that- it would be 6.25- do you think I could do better????

Hollytree · 10-10-2008, 09:35 AM

Does anybody know where I can current investor rates for 5/1 interest only ARMS online??? not primary residence...

Thanks!!