Menu

Home › Forums › Financial Markets/Economics › Mortgage rates going down?

Viewing 15 posts - 1 through 15 (of 40 total)
1 2 3
  • Author
    Posts
  • February 4, 2016 at 2:43 PM #21866
    Coronita
    Participant

    Not that it matters to me, but it seems like mortgage rates are going down. I am seeing 15year fixed rates below 3%, which is lower than what it has been for the past few months.

    Thoughts?

    February 4, 2016 at 3:15 PM #794016
    The-Shoveler
    Participant

    It’s all about the USA dollar. everyone else is trying their best to devalue.

    IMO we will see fixed 30 year rates in the low 3’s sometime this year.

    My Canadian colleagues are all pissed they did not take the transfer relocation offered three or so years ago.

    February 4, 2016 at 3:20 PM #794018
    moneymaker
    Participant

    I was wondering myself if the 30 year will continue it’s downward trend? It was at an all time low OCT 31 of 2014 when the 30 year was at 2.25% according to yahoo charts.

    February 4, 2016 at 9:00 PM #794020
    spdrun
    Participant

    .

    February 5, 2016 at 10:05 AM #794028
    an
    Participant

    Do you mean 15 years was at 2.25% or 30 at 3.25%?

    I hope rates keep on dropping, but at the moment, it’s still higher than my current rate.

    February 5, 2016 at 10:26 AM #794029
    bibsoconner
    Participant

    Where are you seeing rates < 3? I see 3.143% APR at Chase. That seemed about the best I could easily see. I'd welcome recommendations as I'm currently have a 30 yr 4.125 APR I'm thinking of refinancing (to a 15 yr). Cheers, Dave

    February 5, 2016 at 10:57 AM #794030
    moneymaker
    Participant

    [quote=AN]Do you mean 15 years was at 2.25% or 30 at 3.25%?

    I hope rates keep on dropping, but at the moment, it’s still higher than my current rate.[/quote]

    I was talking treasury rates which are linked to mortgages, I like to look at the 10 year treasury as far as comparisons because mortgages involves points and fees which makes them a little harder to compare. Obviously the 10 year treasury is less than the 30 year treasury.

    February 5, 2016 at 11:23 AM #794031
    all
    Participant

    [quote=bibsoconner]Where are you seeing rates < 3? I see 3.143% APR at Chase. That seemed about the best I could easily see. I'd welcome recommendations as I'm currently have a 30 yr 4.125 APR I'm thinking of refinancing (to a 15 yr). Cheers, Dave[/quote] Try Aimloan.

    February 5, 2016 at 11:35 AM #794032
    FlyerInHi
    Guest

    That’s because money is flowing out of emerging markets and being parked in USD, despite our deficit, our total national debt, and the Fed’s QEs. No dollar debasement in sight after 10 years. In fact, the makets are signaling that we ought to do more fiscal and monetary easing.

    February 5, 2016 at 12:02 PM #794034
    The-Shoveler
    Participant

    “deficit, our total national debt, and the Fed’s QEs”

    Proof none of this matters LOL.

    Probably only you me and Trump understand this.

    What matters if having FU resources and being the only game in town if you get into trouble with your neighbors.

    Who you going to call!!!

    February 5, 2016 at 12:40 PM #794035
    FlyerInHi
    Guest

    [quote=The-Shoveler]”deficit, our total national debt, and the Fed’s QEs”

    Proof none of this matters LOL.

    Probably only you me and Trump understand this.

    What matters if having FU resources and being the only game in town if you get into trouble with your neighbors.

    Who you going to call!!![/quote]

    Conceptually, dollars are just made up, unlimited resources that we control and adjust to our needs. There is no need to save as if, if we don’t, we will run out. We can always make more.

    Instead we should be saving natural resources for future use. When Saudi Arabia runs out of oil, that’s it. We, on the other hand, can always print more dollars.

    We just need to make sure we remain the largest economy on earth. We need more immigration, lest China surpasses us.

    February 11, 2016 at 5:11 AM #794210
    moneymaker
    Participant

    30 year treasury at 2.68% now, what will it be at the end of the day?

    February 11, 2016 at 5:17 AM #794211
    moneymaker
    Participant

    2.42%

    February 11, 2016 at 7:14 AM #794216
    Coronita
    Participant

    [quote=bibsoconner]Where are you seeing rates < 3? I see 3.143% APR at Chase. That seemed about the best I could easily see. I'd welcome recommendations as I'm currently have a 30 yr 4.125 APR I'm thinking of refinancing (to a 15 yr). Cheers, Dave[/quote] Provident Funding https://www.provident.com/

    February 12, 2016 at 9:33 PM #794328
    Geedup
    Participant

    I am also a loan officer. Im having my broker refinance my own loan . I had a 4.875% from 7 months ago . Going to a 3.625% and getting $-1,500 back in closing costs plus our usual 2% lender comp 🙂 yesterday the rate was $1,600 better if I would have locked . I locked 2 days ago. Lender rate sheets come out every morning
    usually (in the last two days it’s been volatile so 2-3 reprices in a day). These rates are the lowest we seen since 2012. The best indicator of our business is the 10
    Year treasure rate . It goes up a few ticks in a day then the interest rate for mortgages adjusts the next day. Each rate has a specific lender credit that can go up or down from
    $500 to $1500 a day until locked .

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 40 total)
1 2 3
  • You must be logged in to reply to this topic.