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Da_Mtg_Man
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« on: December 17, 2008, 11:17:14 AM » |
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The 30 yr fixed rate opened today at 4.875%. If you are anywhere in the 6's or higher then it may be in your best interest to contact me NOW.
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FLORIDA MUD RIDER
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superstar
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« Reply #1 on: December 17, 2008, 11:38:30 AM » |
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was told that it could drop to around 4.5 by early next week.  . My question is,,, how long will they keep it there. |
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« Last Edit: December 17, 2008, 11:43:43 AM by superstar »
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Da_Mtg_Man
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« Reply #2 on: December 17, 2008, 12:07:00 PM » |
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I don't see it staying this low for to long and it can't go much lower or else the fed would be giving money away at a loss. My professional opinion is that it won't go below 4 1/2. Then again, I knew the housing market would drop drastically but never thought it would get this bad.
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FLORIDA MUD RIDER
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550superquad
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« Reply #3 on: December 17, 2008, 12:16:05 PM » |
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what is the average % for a loan orig fee ?? mortage broker fee ?? processing fee ?? for a $ 170,000 re-finance  i'm confused as hell  |
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1985 huffy girls bike
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Turboderf
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« Reply #4 on: December 17, 2008, 02:12:12 PM » |
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Whoo Hoo drop baby drop  |
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gery350
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« Reply #5 on: December 17, 2008, 03:55:25 PM » |
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or else the fed would be giving money away at a loss.
yeah they dont have a problem doing that. just look at all the bailouts and govt programs. i may just be a candidate for a refi. waiting for them to "give money away at a loss" to me.  |
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cheropride
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« Reply #6 on: December 17, 2008, 04:13:48 PM » |
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The 30 yr fixed rate opened today at 4.875%. If you are anywhere in the 6's or higher then it may be in your best interest to contact me NOW.
All I can say, is damn!!! Never heard of... I really didn't think the rates would fall, hoping they would, but wow that has to be a record low, has to be.... |
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Kawi-360 4WD/Camo
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Da_Mtg_Man
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« Reply #7 on: December 17, 2008, 04:41:37 PM » |
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The 30 yr fixed rate opened today at 4.875%. If you are anywhere in the 6's or higher then it may be in your best interest to contact me NOW.
All I can say, is damn!!! Never heard of... I really didn't think the rates would fall, hoping they would, but wow that has to be a record low, has to be.... During the refi boom in 03 they got down to 4.875 but the 10 yr yield never got as low as it is today. |
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FLORIDA MUD RIDER
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TRX450R_Racer
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« Reply #8 on: December 17, 2008, 05:43:17 PM » |
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My mortgage is 3.87%.
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Member of South East Florida Trail Riders
Life's to short, wear a helmet.
Dress for the crash, not for the ride.
Ripped off by Brandon George.
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Da_Mtg_Man
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« Reply #9 on: December 17, 2008, 08:39:03 PM » |
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Either you bought the rate down or it's an adjustable and you would have got that mortgage sometime in 2003.
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FLORIDA MUD RIDER
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TRX450R_Racer
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« Reply #10 on: December 17, 2008, 09:25:44 PM » |
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Mine fixed and I got it in the mid 90s.
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Member of South East Florida Trail Riders
Life's to short, wear a helmet.
Dress for the crash, not for the ride.
Ripped off by Brandon George.
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trx#9
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« Reply #11 on: December 17, 2008, 09:36:41 PM » |
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My mortgage is 3.87%.
It will go that low again. |
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Da_Mtg_Man
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« Reply #12 on: December 18, 2008, 05:40:20 AM » |
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Mine fixed and I got it in the mid 90s.
Check your papers, There's never been a fixed rate in the 3's. I'm curious to know what you've got. Call, or PM me |
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FLORIDA MUD RIDER
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TRX450R_Racer
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« Reply #13 on: December 18, 2008, 08:28:47 AM » |
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Mine fixed and I got it in the mid 90s.
Check your papers, There's never been a fixed rate in the 3's. I'm curious to know what you've got. Call, or PM me K |
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Member of South East Florida Trail Riders
Life's to short, wear a helmet.
Dress for the crash, not for the ride.
Ripped off by Brandon George.
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550superquad
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« Reply #14 on: December 19, 2008, 01:15:09 PM » |
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what is the average % for a loan orig fee ?? mortage broker fee ?? processing fee ?? for a $ 170,000 re-finance i'm confused as hell nobody can help |
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1985 huffy girls bike
green with white stripes on the chaingaurd
mid-level ape hangers with green glitter grips & white plastic woven handlebar basket
one mirror,whip flag & thumb bell on handle bar's
extra long Bannana Seat
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Bleedsblue
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« Reply #15 on: December 19, 2008, 01:46:32 PM » |
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what is the average % for a loan orig fee ?? mortage broker fee ?? processing fee ?? for a $ 170,000 re-finance i'm confused as hell I'd be curious to see this as well. Over the past few months I've tried and was looking at $10k in closing costs due to lenders advertising lower rates that included paying down points. Bill |
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2008 Ford F-250, 8" Fabtech Lift, 38" Kumho MTs
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550superquad
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« Reply #16 on: December 19, 2008, 01:49:59 PM » |
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yea i was hoping damtgman would chime in |
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1985 huffy girls bike
green with white stripes on the chaingaurd
mid-level ape hangers with green glitter grips & white plastic woven handlebar basket
one mirror,whip flag & thumb bell on handle bar's
extra long Bannana Seat
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Da_Mtg_Man
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« Reply #17 on: December 19, 2008, 07:27:09 PM » |
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what is the average % for a loan orig fee ?? mortage broker fee ?? processing fee ?? for a $ 170,000 re-finance i'm confused as hell nobody can help Somethings going on here. I replied to this just minutes after you posted it and it's not there. In a nutshell what i said is that alot of loans can be done with no origination or broker fee. Most lenders have a processing fee of around $395, I've seen them as high as $750 but thats not common. I'll PM you my number and we can talk about it in detail. |
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FLORIDA MUD RIDER
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Da_Mtg_Man
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« Reply #18 on: December 19, 2008, 07:31:27 PM » |
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what is the average % for a loan orig fee ?? mortage broker fee ?? processing fee ?? for a $ 170,000 re-finance i'm confused as hell I'd be curious to see this as well. Over the past few months I've tried and was looking at $10k in closing costs due to lenders advertising lower rates that included paying down points. Bill The rate I mentioned is the rate that is posted every morning on the local news. Now, closing costs will fluctuate depending on the loan amount. 10k is outrageous unless you have a 500k + loan amount. Shoot me your number and we'll figure it out. |
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FLORIDA MUD RIDER
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garym
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« Reply #19 on: December 19, 2008, 09:09:37 PM » |
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hope your business is picking up...I have heard things are clicking agin!!
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BeReasonable
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« Reply #20 on: December 20, 2008, 11:05:40 AM » |
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I have heard that even people with great credit are having trouble getting mortgages. Is this true?
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Da_Mtg_Man
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« Reply #21 on: December 20, 2008, 12:27:30 PM » |
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guidelines have definitely tighten up but there are still loans up to 97% ltv (FHA) and 95% (Fannie Mae) on a primary residence.
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FLORIDA MUD RIDER
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