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  • January 5, 2009 at 9:19 AM #14754
    RB-Home Buyer
    Participant

    530K is accepted for 2300 SFT home in 4s ranch. Is it a good price to buy as of today?
    Details:
    SFT – 2300
    Year – 2005
    Mello-roos- 350
    HOA-123
    I am trying to lock interest rate. Right now I am talking with Wells Fargo, BOFA and AIMLOAN.com. As of now BOFA is giving best rate. Can I wait couple of days to lock the rate or lock today?
    If every thing goes well, escrow will be closed on Jan 29 or 30.
    Thank you.

    RB-Home Buyer

    January 5, 2009 at 9:51 AM #324024
    stockstradr
    Participant

    My wife and I used to live five minutes walk away from 4S Ranch.

    I think that is a nice price. I’m not saying those houses couldn’t fall in value during the next 24 months, but we would be willing to buy at that price (except we now live in the Bay Area)

    Read the news about rates. The Fed has started TODAY implementing its long term plan of buying up to 500M of mortgages. I would WAIT at least a few days and watch the rates to see if the Fed can pull them down, but that is just a GUESS based on instincts. talk to HLS, who seems very savvy:

    http://piggington.com/contact_info_for_hls

    Keep in mind we are at about 5% for 30-year fixed, but the Fed has talked about using their spending power to pull that down to 4.5%. Nobody really knows IF the Fed will actually go after that target.

    January 5, 2009 at 9:51 AM #324360
    stockstradr
    Participant

    My wife and I used to live five minutes walk away from 4S Ranch.

    I think that is a nice price. I’m not saying those houses couldn’t fall in value during the next 24 months, but we would be willing to buy at that price (except we now live in the Bay Area)

    Read the news about rates. The Fed has started TODAY implementing its long term plan of buying up to 500M of mortgages. I would WAIT at least a few days and watch the rates to see if the Fed can pull them down, but that is just a GUESS based on instincts. talk to HLS, who seems very savvy:

    http://piggington.com/contact_info_for_hls

    Keep in mind we are at about 5% for 30-year fixed, but the Fed has talked about using their spending power to pull that down to 4.5%. Nobody really knows IF the Fed will actually go after that target.

    January 5, 2009 at 9:51 AM #324427
    stockstradr
    Participant

    My wife and I used to live five minutes walk away from 4S Ranch.

    I think that is a nice price. I’m not saying those houses couldn’t fall in value during the next 24 months, but we would be willing to buy at that price (except we now live in the Bay Area)

    Read the news about rates. The Fed has started TODAY implementing its long term plan of buying up to 500M of mortgages. I would WAIT at least a few days and watch the rates to see if the Fed can pull them down, but that is just a GUESS based on instincts. talk to HLS, who seems very savvy:

    http://piggington.com/contact_info_for_hls

    Keep in mind we are at about 5% for 30-year fixed, but the Fed has talked about using their spending power to pull that down to 4.5%. Nobody really knows IF the Fed will actually go after that target.

    January 5, 2009 at 9:51 AM #324444
    stockstradr
    Participant

    My wife and I used to live five minutes walk away from 4S Ranch.

    I think that is a nice price. I’m not saying those houses couldn’t fall in value during the next 24 months, but we would be willing to buy at that price (except we now live in the Bay Area)

    Read the news about rates. The Fed has started TODAY implementing its long term plan of buying up to 500M of mortgages. I would WAIT at least a few days and watch the rates to see if the Fed can pull them down, but that is just a GUESS based on instincts. talk to HLS, who seems very savvy:

    http://piggington.com/contact_info_for_hls

    Keep in mind we are at about 5% for 30-year fixed, but the Fed has talked about using their spending power to pull that down to 4.5%. Nobody really knows IF the Fed will actually go after that target.

    January 5, 2009 at 9:51 AM #324525
    stockstradr
    Participant

    My wife and I used to live five minutes walk away from 4S Ranch.

    I think that is a nice price. I’m not saying those houses couldn’t fall in value during the next 24 months, but we would be willing to buy at that price (except we now live in the Bay Area)

    Read the news about rates. The Fed has started TODAY implementing its long term plan of buying up to 500M of mortgages. I would WAIT at least a few days and watch the rates to see if the Fed can pull them down, but that is just a GUESS based on instincts. talk to HLS, who seems very savvy:

    http://piggington.com/contact_info_for_hls

    Keep in mind we are at about 5% for 30-year fixed, but the Fed has talked about using their spending power to pull that down to 4.5%. Nobody really knows IF the Fed will actually go after that target.

    January 5, 2009 at 10:20 AM #324049
    RB-Home Buyer
    Participant

    Hi stockstradr
    Thank you for your info. just now, BOFA gave 5.125%, 0 points, 30 Year fixed confirming loan. I will wait couple of days. I am guessing, rate may go down to 4.875% in next three or four days.
    Thank you.

    January 5, 2009 at 10:20 AM #324385
    RB-Home Buyer
    Participant

    Hi stockstradr
    Thank you for your info. just now, BOFA gave 5.125%, 0 points, 30 Year fixed confirming loan. I will wait couple of days. I am guessing, rate may go down to 4.875% in next three or four days.
    Thank you.

    January 5, 2009 at 10:20 AM #324452
    RB-Home Buyer
    Participant

    Hi stockstradr
    Thank you for your info. just now, BOFA gave 5.125%, 0 points, 30 Year fixed confirming loan. I will wait couple of days. I am guessing, rate may go down to 4.875% in next three or four days.
    Thank you.

    January 5, 2009 at 10:20 AM #324469
    RB-Home Buyer
    Participant

    Hi stockstradr
    Thank you for your info. just now, BOFA gave 5.125%, 0 points, 30 Year fixed confirming loan. I will wait couple of days. I am guessing, rate may go down to 4.875% in next three or four days.
    Thank you.

    January 5, 2009 at 10:20 AM #324550
    RB-Home Buyer
    Participant

    Hi stockstradr
    Thank you for your info. just now, BOFA gave 5.125%, 0 points, 30 Year fixed confirming loan. I will wait couple of days. I am guessing, rate may go down to 4.875% in next three or four days.
    Thank you.

    January 5, 2009 at 10:22 AM #324044
    LAAFTERHOURS
    Participant

    I live in the area and would be interested to know which development/ subdivision you bought in so I know where prices are going.

    Garden Path right?? Mellos are 350, sq ftg is about right so thats my guess.

    January 5, 2009 at 10:22 AM #324380
    LAAFTERHOURS
    Participant

    I live in the area and would be interested to know which development/ subdivision you bought in so I know where prices are going.

    Garden Path right?? Mellos are 350, sq ftg is about right so thats my guess.

    January 5, 2009 at 10:22 AM #324447
    LAAFTERHOURS
    Participant

    I live in the area and would be interested to know which development/ subdivision you bought in so I know where prices are going.

    Garden Path right?? Mellos are 350, sq ftg is about right so thats my guess.

    January 5, 2009 at 10:22 AM #324464
    LAAFTERHOURS
    Participant

    I live in the area and would be interested to know which development/ subdivision you bought in so I know where prices are going.

    Garden Path right?? Mellos are 350, sq ftg is about right so thats my guess.

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