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Started By
Message
re: mortgage interest rates
Posted on 3/9/20 at 2:27 pm to MrJimBeam
Posted on 3/9/20 at 2:27 pm to MrJimBeam
quote:
Jim Bianco? @biancoresearch · 7h7 hours ago
? More
The fed fund futures are now pricing a 73% chance the Fed cuts to zero next week.
So, cut to zero is now the consensus call.
Note markets are so extreme that that Bloomberg's WIRP is NOT correct.
CME Fed watch is closer to what is priced. Use this.
LINK
This post was edited on 3/9/20 at 2:28 pm
2
Posted on 3/9/20 at 2:28 pm to elposter
nice!
Seeing many 3.25% - ish on first mortgage 30 years
that's just crazy ... amazing
Seeing many 3.25% - ish on first mortgage 30 years
that's just crazy ... amazing
Posted on 3/9/20 at 3:02 pm to TigerTatorTots
quote:
73% chance the Fed cuts to zero next week.
Not that im glad its in this position...but im glad because I should be locking up a Commercial loan shortly. I think commercial loans follow the prime rate and another cut will drop that rate even more?
Posted on 3/9/20 at 3:06 pm to TigerTatorTots
I believe it, I just hope not
Too much too fast ... they need to leave SOMETHING in the arsenal for at least medium term
HOWEVER, Powell has shown to overreact and do it quick so hold onto your butts
Too much too fast ... they need to leave SOMETHING in the arsenal for at least medium term
HOWEVER, Powell has shown to overreact and do it quick so hold onto your butts
Posted on 3/9/20 at 3:11 pm to Shankopotomus
We are refinancing too but I believe rates will drop again. We are waiting till then to finalize.
Whats 15 year look like now after todays blood bath?
Whats 15 year look like now after todays blood bath?
Posted on 3/9/20 at 3:21 pm to Mudminnow
Rates are going to drop further. Hold tight. Will know soon
Posted on 3/9/20 at 3:28 pm to catfish 62
Is it true it costs more(higher rate) to take equity out on a refi?
Posted on 3/9/20 at 3:30 pm to FMtTXtiger
(no message)
This post was edited on 2/6/25 at 12:41 pm
Posted on 3/9/20 at 3:32 pm to catfish 62
I got this from my lender, who is also a friend of mine. As I mentioned earlier in the thread we are in the middle of refinancing to a 15 year, 2.675% with him. So, of course, he’s biased.
“It’s all so confusing right now. I think they may cut but banks are starting to raise a little to slow down the refi’s”
I know it’s mad hectic right now, but not sure I buy that.
“It’s all so confusing right now. I think they may cut but banks are starting to raise a little to slow down the refi’s”
I know it’s mad hectic right now, but not sure I buy that.
Posted on 3/9/20 at 3:35 pm to lnomm34
For people in the business, I’m curious to see how these costs stack up. I locked in a 30 year refi last Friday, no cash out. Principal balance around $127k.
Loan costs
Origination charges: $1150
Appraisal, Inspection, credit report: $693
Title fees: $1184
Total Loan costs: $3,027
Other costs
Taxes and Government fees: $348
Required Prepaids: $213
Required Initial Escrow: $1,925
Total other costs: $2,486
Grand Total closing costs: $5,513
Is this pretty standard?
Loan costs
Origination charges: $1150
Appraisal, Inspection, credit report: $693
Title fees: $1184
Total Loan costs: $3,027
Other costs
Taxes and Government fees: $348
Required Prepaids: $213
Required Initial Escrow: $1,925
Total other costs: $2,486
Grand Total closing costs: $5,513
Is this pretty standard?
Posted on 3/9/20 at 3:45 pm to TigeRoots
quote:
I got this from my lender, who is also a friend of mine. As I mentioned earlier in the thread we are in the middle of refinancing to a 15 year, 2.675% with him
no points on that 2.675%?
Posted on 3/9/20 at 3:46 pm to PhiTiger1764
I’m holding out for refi under 3 with.100k cash out.
Posted on 3/9/20 at 4:10 pm to Mudminnow
quote:
no points on that 2.675%?
No. Estimated $4K in closing. Appraisal free (not needed).
Posted on 3/9/20 at 6:37 pm to Dayman
quote:
Locked in 25 year refinance at 2.875 this morning. 30 year was at the same rate
Where? TIA
Posted on 3/9/20 at 6:50 pm to TigeRoots
I just locked in a 3% refi Friday but may need to request a reduction if this keeps up...
This post was edited on 3/9/20 at 7:01 pm
Posted on 3/9/20 at 6:50 pm to Kreg Jennings
quote:
Kreg Jennings
Iberia Bank in NOLA
Posted on 3/9/20 at 7:44 pm to Dayman
just got quoted 2.625 on a 15yr fixed refi and 2.875 on a 30 year.
a little more than $2k closing costs either way.
the agent said i can lock now, or take a gamble that rates will be lower in week, which he thinks will happen.
leaning towards 15 year....
a little more than $2k closing costs either way.
the agent said i can lock now, or take a gamble that rates will be lower in week, which he thinks will happen.
leaning towards 15 year....
Posted on 3/9/20 at 8:40 pm to 632627
Where are y'all getting the sub 3% on the 30 yrs? Are your LTVs low? What about credit scores?
Posted on 3/9/20 at 8:46 pm to LSUSUPERSTAR
Locked a client at 2.99% 30 year today. LTV is at 60% credit score 780 and loan amount around 380K
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