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Started By
Message
re: mortgage interest rates
Posted on 3/27/20 at 9:13 pm to blades8088
Posted on 3/27/20 at 9:13 pm to blades8088
Closed today on my 2.875 30 year no points.
A last minute change was made a few days ago. Initial disclosures failed to list the mortgage insurance (put 10% down on our purchase last year). It was too late to add in our final disclosures so the bank had to bite the bullet and pre-pay it.
At the end of the day, I dropped 1% and the bank ended up paying the net total of my closing costs. I’ll buy the drinks tonight. Cheers and good hunting.
A last minute change was made a few days ago. Initial disclosures failed to list the mortgage insurance (put 10% down on our purchase last year). It was too late to add in our final disclosures so the bank had to bite the bullet and pre-pay it.
At the end of the day, I dropped 1% and the bank ended up paying the net total of my closing costs. I’ll buy the drinks tonight. Cheers and good hunting.
This post was edited on 3/27/20 at 11:11 pm
3
Posted on 3/27/20 at 11:16 pm to blades8088
Yep. Today was the best day since several Monday’s ago
Posted on 3/27/20 at 11:55 pm to ellesssuuu
I’m hearing a rumor brokers can’t find FHA loans for anyone sub 650. Any brokers here that can confirm lending standards are suddenly tighter based on scores?
I working on a 3.25 for $3200 closing no cash out refi. I missed the super low rates.
I working on a 3.25 for $3200 closing no cash out refi. I missed the super low rates.
Posted on 3/28/20 at 12:28 am to ellesssuuu
quote:
Yep. Today was the best day since several Monday’s ago
Posted on 3/28/20 at 9:35 am to SDVTiger
Got a 75 day lock on 3.25% 30yr conventional yesterday!
Posted on 3/28/20 at 9:52 am to B4YOU
Correct. The market for government loans has gone to crap. Investors won’t buy them. Our score was raised yesterday to 660
Posted on 3/28/20 at 9:58 am to Oenophile Brah
Nice someone fricked up
Posted on 3/28/20 at 10:08 am to BayouBengalRubicon
quote:
Got a 75 day lock on 3.25% 30yr conventional yesterday!
No you didn't
Posted on 3/28/20 at 12:08 pm to ellesssuuu
755 score, owe $250,000 on a house expected to appraise between $400,000 to $450,000.
Posted on 3/28/20 at 12:13 pm to LSU28605
3.25 maybe and they will charge you for it right now
In the high 2s for a 15yr
In the high 2s for a 15yr
Posted on 3/28/20 at 12:18 pm to Oenophile Brah
That's an incredible rate on a 30 year with no points. Well done! Do you mind me asking where you got that rate? We refinanced in January at 3.49 with no points. I'd be interested in doing it again if I could get a rate on a 30 year with no points in the 2.7-2.8 range.
Posted on 3/28/20 at 3:38 pm to BuzzSaw 12
So 30 year jumbo is creeping back up. Here is my dilemma. Found an amazing house at a great deal. Couple going through a divorce. The damn wife of the seller refuses to sign the contract until the court signs an amendment to the divorce decree. She refuses to have the money in escrow. The courts are closed due to the virus so we are stuck in limbo and I can’t lock in the mortgage.
Posted on 3/28/20 at 5:36 pm to ellesssuuu
quote:
Correct. The market for government loans has gone to crap. Investors won’t buy them. Our score was raised yesterday to 660
Thank you for confirming. I suspect they don’t want to be stuck loans that might never receive a payment.
Posted on 3/30/20 at 7:35 pm to SDVTiger
quote:
No you didn't
?
Posted on 3/30/20 at 7:56 pm to Oenophile Brah
2.875!?!? Nice! I closed on my 30 yr at 2.99% no points today. My note just dropped $360 since we built a year ago.
Posted on 3/30/20 at 9:22 pm to BayouBengalRubicon
Not sure what you are questioning
And all you stupid fricks stop refinancing to drop your rate .25% from the rate you got last year
You are killing servicers which is killing the industry
And all you stupid fricks stop refinancing to drop your rate .25% from the rate you got last year
You are killing servicers which is killing the industry
Posted on 3/30/20 at 10:07 pm to BuzzSaw 12
quote:
BuzzSaw 12
Hancock Whitney in Nola. Struck at the right time and squeezed an existing relationship.
Posted on 3/30/20 at 10:43 pm to MSTiger33
Sounds like an annoying problem. The only good news might be if you have to walk away it should be a buyer's market all spring and summer. Rates are low and the number of potential buyers should be lower than normal.
Posted on 3/31/20 at 10:24 am to molsusports
How are the rates looking today? We are currently at 4.875%, bought 2 1/2 years ago. Looking for a 15 year but needs to be sub 3%. Hoping they start falling again.
Posted on 3/31/20 at 6:57 pm to Mudminnow
Closed on a 15 year at 2.75 percent today. Very happy.
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