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Old 05-06-2009, 03:45 PM
 
Location: New York, Westchester
506 posts, read 2,195,572 times
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very simple ...what rates are you seeing out their and where do you think they are going...........30 yr fixed.................. I thought they would be lower by now!!!!!
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Old 05-06-2009, 06:46 PM
 
1,340 posts, read 3,565,792 times
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I see 4.625 or 4.75% out there. I am not sure they can go much lower. Maybe 4.5% but do you really expect 3% range?
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Old 05-06-2009, 07:10 PM
 
Location: New York, Westchester
506 posts, read 2,195,572 times
Reputation: 236
Default no i expect 4% though

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Old 05-06-2009, 07:52 PM
 
Location: central, between Pepe's Tacos and Roberto's
2,086 posts, read 6,583,231 times
Reputation: 958
Rates are flat right now and I don't see any evidence to show that they are moving lower at all in the short term.
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Old 05-06-2009, 09:43 PM
 
Location: Texas
5,872 posts, read 7,693,593 times
Reputation: 2968
Rates WILL NOT hit 4%. 4.5% on avg., will be the bottom (some areas will be slightly lower, some higher). I would embrace the mid 4's and enjoy the great rates.
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Old 05-07-2009, 09:25 AM
 
Location: Ocean County, NJ
228 posts, read 1,152,059 times
Reputation: 111
I just locked at 4.5 cost of 2 points. With 1 point it would have been 4.875. A little on the high side but I got $16k in extras thrown in by financing with them.
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Old 05-07-2009, 02:57 PM
 
374 posts, read 1,134,492 times
Reputation: 259
A couple of days ago i got 4.75% with no points. Seems like rates have gone up since than tho
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Old 05-07-2009, 06:52 PM
 
Location: Sherwood, OR
666 posts, read 1,775,369 times
Reputation: 679
I got 4.375% last week with 1 3/4 points.
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Old 05-07-2009, 08:42 PM
 
Location: SE Florida
1,194 posts, read 3,968,641 times
Reputation: 758
We got 4.375% for .75 points last week. Interest rates, according to my RE Mortgage broker brother, may fall lower again but it will be very difficult to get the lower rates as they may fall for just approximately 1-2 hours then rise. It is kinda like a game where as the buyer is always on the paying side of getting a reasonable rate in today's economic mess.

4.75% seems to be a good rate today but the points will dictate what someone will finally be able to get. There is no such thing as something tossed in free because ultimately the buyer is gonna pay in the front or on the back of the loan, the buyer is gonna pay.
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Old 05-08-2009, 06:46 AM
 
5 posts, read 11,491 times
Reputation: 10
We locked last week at 4.5% and 0 points. I'm doing the happy dance!!

Melissa
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