Need to lock…what are rates doing out there experts?

This topic has 130 replies, 12 voices, and was last updated 14 years, 8 months ago by danielwis.

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March 9, 2010 at 2:07 PM #17174

Trojan4Life
Participant

I’m within 14 days of closing and haven’t locked yet. It will be a jumbo conventional with 20% down. I’ve budgeted to pay 1 pt.

Today my Mortgage Broker called and said 4.875 with 1pt was available. I know there are some economic announcements coming from the government this week, so what is the concensus on how that will affect rates?

March 9, 2010 at 2:39 PM #523415

HLS
Participant

Is that a 1 point buy down cost in addition to being charged other broker fees to get 4.875%
OR is your only cost to get 4.875% 1pt ??

March 9, 2010 at 2:39 PM #523554

HLS
Participant

Is that a 1 point buy down cost in addition to being charged other broker fees to get 4.875%
OR is your only cost to get 4.875% 1pt ??

March 9, 2010 at 2:39 PM #523994

HLS
Participant

Is that a 1 point buy down cost in addition to being charged other broker fees to get 4.875%
OR is your only cost to get 4.875% 1pt ??

March 9, 2010 at 2:39 PM #524090

HLS
Participant

Is that a 1 point buy down cost in addition to being charged other broker fees to get 4.875%
OR is your only cost to get 4.875% 1pt ??

March 9, 2010 at 2:39 PM #524346

HLS
Participant

Is that a 1 point buy down cost in addition to being charged other broker fees to get 4.875%
OR is your only cost to get 4.875% 1pt ??

March 9, 2010 at 2:47 PM #523425

1stimebuy
Participant

I was looking for one also… I got

via Lendingtree

30 year fixed 4.87
15 year fixed 4.37

1 % origination
$750 underwriting
plus title, appraisal etc…

Local credit union

30 year fixed 5.1
15 year fixed … I forgot 🙂

I haven’t looked at numbers seriously until today, so I have no idea about the trend…

March 9, 2010 at 2:47 PM #523564

1stimebuy
Participant

I was looking for one also… I got

via Lendingtree

30 year fixed 4.87
15 year fixed 4.37

1 % origination
$750 underwriting
plus title, appraisal etc…

Local credit union

30 year fixed 5.1
15 year fixed … I forgot 🙂

I haven’t looked at numbers seriously until today, so I have no idea about the trend…

March 9, 2010 at 2:47 PM #524004

1stimebuy
Participant

I was looking for one also… I got

via Lendingtree

30 year fixed 4.87
15 year fixed 4.37

1 % origination
$750 underwriting
plus title, appraisal etc…

Local credit union

30 year fixed 5.1
15 year fixed … I forgot 🙂

I haven’t looked at numbers seriously until today, so I have no idea about the trend…

March 9, 2010 at 2:47 PM #524100

1stimebuy
Participant

I was looking for one also… I got

via Lendingtree

30 year fixed 4.87
15 year fixed 4.37

1 % origination
$750 underwriting
plus title, appraisal etc…

Local credit union

30 year fixed 5.1
15 year fixed … I forgot 🙂

I haven’t looked at numbers seriously until today, so I have no idea about the trend…

March 9, 2010 at 2:47 PM #524356

1stimebuy
Participant

I was looking for one also… I got

via Lendingtree

30 year fixed 4.87
15 year fixed 4.37

1 % origination
$750 underwriting
plus title, appraisal etc…

Local credit union

30 year fixed 5.1
15 year fixed … I forgot 🙂

I haven’t looked at numbers seriously until today, so I have no idea about the trend…

March 9, 2010 at 3:02 PM #523450

Coronita
Participant

I was just asking BofA a few days ago.

I was quoted by the local mortgage broker. Don’t know if these are right or not.

$417k/20yr

4.78: 0pt/ 0fee
4 5/8 0pt/ $2600-2700 fee
4.5: 1pt + $2600-$2700 fee

$417k/30yr
5 1/8 0pt/0 fee
4 7/8 0pt/$2600-2700 fee
4 3/4 1pt/$2600-2700 fee

Did not ask for the 15 yr.

I did not delve into further details. Probably more hidden costs etc.

Anyone more current?

Edit. Never mind….I just read more carefully…You said “conforming plus”….sorry.

March 9, 2010 at 3:02 PM #523588

Coronita
Participant

I was just asking BofA a few days ago.

I was quoted by the local mortgage broker. Don’t know if these are right or not.

$417k/20yr

4.78: 0pt/ 0fee
4 5/8 0pt/ $2600-2700 fee
4.5: 1pt + $2600-$2700 fee

$417k/30yr
5 1/8 0pt/0 fee
4 7/8 0pt/$2600-2700 fee
4 3/4 1pt/$2600-2700 fee

Did not ask for the 15 yr.

I did not delve into further details. Probably more hidden costs etc.

Anyone more current?

Edit. Never mind….I just read more carefully…You said “conforming plus”….sorry.

March 9, 2010 at 3:02 PM #524029

Coronita
Participant

I was just asking BofA a few days ago.

I was quoted by the local mortgage broker. Don’t know if these are right or not.

$417k/20yr

4.78: 0pt/ 0fee
4 5/8 0pt/ $2600-2700 fee
4.5: 1pt + $2600-$2700 fee

$417k/30yr
5 1/8 0pt/0 fee
4 7/8 0pt/$2600-2700 fee
4 3/4 1pt/$2600-2700 fee

Did not ask for the 15 yr.

I did not delve into further details. Probably more hidden costs etc.

Anyone more current?

Edit. Never mind….I just read more carefully…You said “conforming plus”….sorry.

March 9, 2010 at 3:02 PM #524125

Coronita
Participant

I was just asking BofA a few days ago.

I was quoted by the local mortgage broker. Don’t know if these are right or not.

$417k/20yr

4.78: 0pt/ 0fee
4 5/8 0pt/ $2600-2700 fee
4.5: 1pt + $2600-$2700 fee

$417k/30yr
5 1/8 0pt/0 fee
4 7/8 0pt/$2600-2700 fee
4 3/4 1pt/$2600-2700 fee

Did not ask for the 15 yr.

I did not delve into further details. Probably more hidden costs etc.

Anyone more current?

Edit. Never mind….I just read more carefully…You said “conforming plus”….sorry.
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