4% 30 Year Mortgage

[sdrealtor]

[quote=deadzone][quote=sdrealtor][quote=deadzone]Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.[/quote]

Uhhhh….no. Having coffee with lender friend 30 years experience over 10,000 loans. He’s at 4.25% no points right now. But he’s doing 10/1’s now anyway[/quote]

I call BS on that. You and your imaginary friends.[/quote]

Ummm…No. Here is an imaginary website. I’ve used them in past and rate is exactly what is posted

https://www.aimloan.com/home/e2ce626011167a6

[Coronita]

[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]

Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win[/quote]

Uhhhh…..no and you are cheering for full on crash. Hypocrite[/quote]

What’s a full on crash in your book? Yes lower prices in general are better for everyone except the investor class. What are you cheering for?
You are obviously a fan boy for the expansion of the wealth divide. Basically an elitist prick who masquerades as a liberal democrat.[/quote]

Uh, huh? Investor class can make money whether home prices are high or low, it depends on which kind of investor.

If prices are lower, more investors with lesser deep pockets have more opportunity to buy too. Personally if prices correct, count me in and I’ll be happy to jump right back into buying more.

I think that’s the difference dz between you and others. You have an ax to grind and somehow are hell bent on a crash in order for you to be made whole. I don’t think most people here really care if this do correct, because (1) we’ve already taken advantage of the GOOAL crash of 2008 and now have a much stronger financial base to build off of so that (2) if things do correct, were more financially equipped to jump on that too. We just think you’ll be disappointed.

But I do understand how you might need things to crash in order to feel made whole. Good luck to you on that one.

Politics and political parties have nothing to do with your financial well being. But a lot of people like to blame politicians for their own poor financial decisions. That’s the case on both side. Not sure why you would bring that up in this context, besides again trying to grind an ax.

[Coronita]

[quote=sdrealtor][quote=deadzone][quote=sdrealtor][quote=deadzone]Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.[/quote]

Uhhhh….no. Having coffee with lender friend 30 years experience over 10,000 loans. He’s at 4.25% no points right now. But he’s doing 10/1’s now anyway[/quote]

I call BS on that. You and your imaginary friends.[/quote]

Ummm…No. Here is an imaginary website. I’ve used them in past and rate is exactly what is posted

https://www.aimloan.com/home/e2ce626011167a6%5B/quote%5D

Double checked with an old lender I used a long time ago. Yup. These are slightly lower because you have to be a Aerospace Corp employee, but still..

https://aerofcu.mortgagewebcenter.com/

People that bought homes and/or refinanced before would know where to shop around for a loan, and see that these rates are fairly accurate. Key word, people that bought homes and/or refinanced before.

[sdrealtor]

The funniest part is I know exactly where dumbzone got that. he reads something on the internet and thinks hes an expert. Bill on Calculated Risk posted a lender sent him a rate sheet with rate close to 5% so he read it and ran with it without verifying that it was an extreme outlier. Silly dumbzone, real estate is for pros

[Coronita]

…

[an]

[quote=deadzone]Man what’s your fascination with the 70s dude? That level of inflation would decimate the finances of the majority of the population.[/quote]
As Coronita like to say, not my problem. BTW, I did well and took advantage GOOAL during the last major crash. So, I’ll be super happy with that too. However, I’ll be making even more if we see the repeat of the 70s. Since I already experienced a crash, I want to experience stagflation next.

[Coronita]

Speaking of inflation… LOL…

[img_assist|nid=27550|title=costcogas|desc=|link=node|align=left|width=500]

Thank god I am fully remote and only need to fill up this SUV or any other car for that matter for leisure once every few weeks.

Not that I drive my SUV to work anyway when I had to go in person.

Hmm, had to go see my tenant yesterday while driving this car… Write off.

[Anonymous]

[quote=sdrealtor]

So why does any discussion of market corrections, crashes, etc. bother you so much? You are truly delusional. If you are so financially secure, why do you care? Just to spite me? I’m financially well off either way. I just prefer the market distortions correct themselves because it is truly hurting a great majority of people in this country and only benefiting the wealthy class.

[Anonymous]

[quote=sdrealtor] real estate is for pros[/quote]

Hah, funniest thing I’ve heard in a while. Any high school dropout can be a RE agent or mortgage broker, hardly a complex career field.

And those rates you quoted were BS. Show me evidence of an actual loan in SD that closed today with that rate? I dare you. Not happening.

Rates are currently 4.72% for 30year fixed. You can get this on any number of financial websites.

[Anonymous]

[quote=an][quote=deadzone]Man what’s your fascination with the 70s dude? That level of inflation would decimate the finances of the majority of the population.[/quote]
As Coronita like to say, not my problem. BTW, I did well and took advantage GOOAL during the last major crash. So, I’ll be super happy with that too. However, I’ll be making even more if we see the repeat of the 70s. Since I already experienced a crash, I want to experience stagflation next.[/quote]

Okay, to each his own. But that’s not going to happen. As pointed out, interest rates are shooting up and Fed is painted in the corner. If they let inflation get any more out of control, we would be looking at potential for mass civil disorder and riots. If you think George Floyd riled up the masses, wait till they find out a new iPhone costs $5000.

[gzz]

I see the 15 year went up much less. For a while you only saved like .3 with a 15 and <0.1% with a 20. SDR’s aimloan link shows a 0.75% savings with a 15 and .375 with a 20.

[Coronita]

[quote=deadzone][quote=sdrealtor] real estate is for pros[/quote]

Hah, funniest thing I’ve heard in a while. Any high school dropout can be a RE agent or mortgage broker, hardly a complex career field.

And those rates you quoted were BS. Show me evidence of an actual loan in SD that closed today with that rate? I dare you. Not happening.

Rates are currently 4.72% for 30year fixed. You can get this on any number of financial websites.[/quote]

Dude, you’re ax grinding mentality is starting to make sense. You think you are better and smarter than people, and yet despite that, apparently you missed out GOOOAL and can’t stand it… Am I right?

[Anonymous]

[quote=Coronita][quote=deadzone][quote=sdrealtor] real estate is for pros[/quote]

Hah, funniest thing I’ve heard in a while. Any high school dropout can be a RE agent or mortgage broker, hardly a complex career field.

And those rates you quoted were BS. Show me evidence of an actual loan in SD that closed today with that rate? I dare you. Not happening.

Rates are currently 4.72% for 30year fixed. You can get this on any number of financial websites.[/quote]

Dude, you’re ax grinding mentality is starting to make sense. You think you are better and smarter than people, and yet despite that, apparently you missed out GOOOAL and can’t stand it… Am I right?[/quote]

Whatever, now you are just turning into a douche like SDR.
Point is interest rates are going up substantially, very quickly. If you think RE prices are going to continue going up in this environment then I’ll leave you to your fantasy. That suggests that you don’t believe the historically low interest rates these last few years didn’t fuel the current RE boom in the first place. You can’t have it both ways.

[sdrealtor]

“And those rates you quoted were BS. Show me evidence of an actual loan in SD that closed today with that rate? I dare you. Not happening.”

No love for sdr? I have clients literally signing loan documents right now for what you said is not happening!

You seriously are the best set up man in the business. Will you be my wingman?

The point is you are consistently wrong. You should adopt the George Costanza mentality and do the exact opposite of whatever you think you should. Lots of things fueled the rise not just interest rates

[Coronita]

https://www.youtube.com/watch?v=BH5-rSxilxo

[Author]

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