Menu

Home › Forums › Housing › 5-07 MAJOR NEWS! Conforming Jumbo Rates Slashed

Viewing 15 posts - 1 through 15 (of 246 total)
1 2 3 … 15 16 17
  • Author
    Posts
  • May 7, 2008 at 9:36 AM #12668
    HLS
    Participant

    Effective immediately, the “jumbo conforming” rates OVER $417,000 have been cut to almost the same as “old conforming” rates.

    Yesterday, there was a .50% difference in these rates. Today they are virtually the same with a tiny cost difference.

    30 YR Fixed, Full Doc, up to $697,500 in SD are 5.75%

    I only have one lender that has announced this so far, but expect others to follow.

    Have not seen other details OR if it is limited in scope, but it’s available to lock starting today!

    This isn’t going to save the market, but it’s going to save well qualified borrowers some money!

    May 7, 2008 at 9:39 AM #200367
    PadreBrian
    Participant

    Yep, good news. I like the “qualified borrowers” even more.

    May 7, 2008 at 9:39 AM #200408
    PadreBrian
    Participant

    Yep, good news. I like the “qualified borrowers” even more.

    May 7, 2008 at 9:39 AM #200434
    PadreBrian
    Participant

    Yep, good news. I like the “qualified borrowers” even more.

    May 7, 2008 at 9:39 AM #200460
    PadreBrian
    Participant

    Yep, good news. I like the “qualified borrowers” even more.

    May 7, 2008 at 9:39 AM #200496
    PadreBrian
    Participant

    Yep, good news. I like the “qualified borrowers” even more.

    May 7, 2008 at 9:50 AM #200377
    capeman
    Participant

    Can you post a link on this?

    If it’s true then wow, nice to know that Fannie and Freddie are trying even harder to get more declining paper on their books at our eventual expense. Not that this will save the market at all but the fact that they are able to pull this crap in an obviously declining market is amazing.

    Looks like I’m going to have to put a short on them and hold to zero to hedge against my tax increase that will be used to bail them out.

    May 7, 2008 at 9:50 AM #200418
    capeman
    Participant

    Can you post a link on this?

    If it’s true then wow, nice to know that Fannie and Freddie are trying even harder to get more declining paper on their books at our eventual expense. Not that this will save the market at all but the fact that they are able to pull this crap in an obviously declining market is amazing.

    Looks like I’m going to have to put a short on them and hold to zero to hedge against my tax increase that will be used to bail them out.

    May 7, 2008 at 9:50 AM #200444
    capeman
    Participant

    Can you post a link on this?

    If it’s true then wow, nice to know that Fannie and Freddie are trying even harder to get more declining paper on their books at our eventual expense. Not that this will save the market at all but the fact that they are able to pull this crap in an obviously declining market is amazing.

    Looks like I’m going to have to put a short on them and hold to zero to hedge against my tax increase that will be used to bail them out.

    May 7, 2008 at 9:50 AM #200469
    capeman
    Participant

    Can you post a link on this?

    If it’s true then wow, nice to know that Fannie and Freddie are trying even harder to get more declining paper on their books at our eventual expense. Not that this will save the market at all but the fact that they are able to pull this crap in an obviously declining market is amazing.

    Looks like I’m going to have to put a short on them and hold to zero to hedge against my tax increase that will be used to bail them out.

    May 7, 2008 at 9:50 AM #200506
    capeman
    Participant

    Can you post a link on this?

    If it’s true then wow, nice to know that Fannie and Freddie are trying even harder to get more declining paper on their books at our eventual expense. Not that this will save the market at all but the fact that they are able to pull this crap in an obviously declining market is amazing.

    Looks like I’m going to have to put a short on them and hold to zero to hedge against my tax increase that will be used to bail them out.

    May 7, 2008 at 9:58 AM #200382
    roughtrader
    Participant

    Yep, I’d also be very interested in knowing who is participating in this product at this rate now. Also, is this rate with no buydown on points? If so, I wonder if an additional 50 basis pts. would be sliced off if the buyer paid down a couple of points.

    This may be the thing that pushes me over the edge to just by a reasonably priced property now.

    roughtrader

    May 7, 2008 at 9:58 AM #200423
    roughtrader
    Participant

    Yep, I’d also be very interested in knowing who is participating in this product at this rate now. Also, is this rate with no buydown on points? If so, I wonder if an additional 50 basis pts. would be sliced off if the buyer paid down a couple of points.

    This may be the thing that pushes me over the edge to just by a reasonably priced property now.

    roughtrader

    May 7, 2008 at 9:58 AM #200449
    roughtrader
    Participant

    Yep, I’d also be very interested in knowing who is participating in this product at this rate now. Also, is this rate with no buydown on points? If so, I wonder if an additional 50 basis pts. would be sliced off if the buyer paid down a couple of points.

    This may be the thing that pushes me over the edge to just by a reasonably priced property now.

    roughtrader

    May 7, 2008 at 9:58 AM #200474
    roughtrader
    Participant

    Yep, I’d also be very interested in knowing who is participating in this product at this rate now. Also, is this rate with no buydown on points? If so, I wonder if an additional 50 basis pts. would be sliced off if the buyer paid down a couple of points.

    This may be the thing that pushes me over the edge to just by a reasonably priced property now.

    roughtrader

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 246 total)
1 2 3 … 15 16 17
  • You must be logged in to reply to this topic.