Current Interest rate Environment

[EconProf]

BobS
Let’s remember that the Fed can only push down short term rates, like the fed funds rate and short term treasuries. Long term rates are set by the market, and are especially influenced by inflationary expectations.
With the dollar weak and falling, investors will not want to tie up their money at a fixed rate of, say, 5 3/4% for many years when inflation could take off due to a profligate Fed and incoming big-spending congress and president.
This may explain the increasing divergence, in recent days, between the short-term money rates and long-terms 10 & 30-year bond rates (& mortgage rates).
We may have recently seen the lowest mortgage rates for a long, long time.

[Raybyrnes]

It was through a Wells Fargo broker that works in Conjunction with Coldwell Banker.

This was done within the last month.

[Raybyrnes]

It was through a Wells Fargo broker that works in Conjunction with Coldwell Banker.

This was done within the last month.

[Raybyrnes]

It was through a Wells Fargo broker that works in Conjunction with Coldwell Banker.

This was done within the last month.

[Raybyrnes]

It was through a Wells Fargo broker that works in Conjunction with Coldwell Banker.

This was done within the last month.

[Raybyrnes]

It was through a Wells Fargo broker that works in Conjunction with Coldwell Banker.

This was done within the last month.

[rbeast]

Rich’s associate told me to try San Diego County Credit Union (about 3 weeks ago).

I was able to re-fi for 15 years @ 4.75 with 1 pt – thanks, Rich & John!

[rbeast]

Rich’s associate told me to try San Diego County Credit Union (about 3 weeks ago).

I was able to re-fi for 15 years @ 4.75 with 1 pt – thanks, Rich & John!

[rbeast]

Rich’s associate told me to try San Diego County Credit Union (about 3 weeks ago).

I was able to re-fi for 15 years @ 4.75 with 1 pt – thanks, Rich & John!

[rbeast]

Rich’s associate told me to try San Diego County Credit Union (about 3 weeks ago).

I was able to re-fi for 15 years @ 4.75 with 1 pt – thanks, Rich & John!

[rbeast]

Rich’s associate told me to try San Diego County Credit Union (about 3 weeks ago).

I was able to re-fi for 15 years @ 4.75 with 1 pt – thanks, Rich & John!

[HLS]

You are living on the recent past..
Since Jan 23, rates have gone straight up.

5.25% with 1 point was available a few weeks ago, for loans that were locked, and are getting signed and funded now.

IF YOU QUALIFY:
Conforming 30 YR fixed rates today are 6.00%+ at PAR, which means that you are going to have to pay a fee to get it.
15YR are 5.50% and 10YR ARM is 5.375% at the moment.
Could be higher or lower later today.

It’s funny to me that when rates were 5.25%, people wanted under 5%. Now that they are 6%, you are willing to jump at 5.25%…
IT DOESN’T EXIST today, without a buy-down cost.

Rates change everyday, and often intraday.
Many people with income and equity still don’t qualify for a loan today.

You can always buy a loan down to get your magic rates.

Almost everybody is getting fooled. If you haven’t been in the business, you probably don’t understand when you are getting the truth, regardless of what any friend or family member just closed at, but you act like you do.

[HLS]

You are living on the recent past..
Since Jan 23, rates have gone straight up.

5.25% with 1 point was available a few weeks ago, for loans that were locked, and are getting signed and funded now.

IF YOU QUALIFY:
Conforming 30 YR fixed rates today are 6.00%+ at PAR, which means that you are going to have to pay a fee to get it.
15YR are 5.50% and 10YR ARM is 5.375% at the moment.
Could be higher or lower later today.

It’s funny to me that when rates were 5.25%, people wanted under 5%. Now that they are 6%, you are willing to jump at 5.25%…
IT DOESN’T EXIST today, without a buy-down cost.

Rates change everyday, and often intraday.
Many people with income and equity still don’t qualify for a loan today.

You can always buy a loan down to get your magic rates.

Almost everybody is getting fooled. If you haven’t been in the business, you probably don’t understand when you are getting the truth, regardless of what any friend or family member just closed at, but you act like you do.

[HLS]

You are living on the recent past..
Since Jan 23, rates have gone straight up.

5.25% with 1 point was available a few weeks ago, for loans that were locked, and are getting signed and funded now.

IF YOU QUALIFY:
Conforming 30 YR fixed rates today are 6.00%+ at PAR, which means that you are going to have to pay a fee to get it.
15YR are 5.50% and 10YR ARM is 5.375% at the moment.
Could be higher or lower later today.

It’s funny to me that when rates were 5.25%, people wanted under 5%. Now that they are 6%, you are willing to jump at 5.25%…
IT DOESN’T EXIST today, without a buy-down cost.

Rates change everyday, and often intraday.
Many people with income and equity still don’t qualify for a loan today.

You can always buy a loan down to get your magic rates.

Almost everybody is getting fooled. If you haven’t been in the business, you probably don’t understand when you are getting the truth, regardless of what any friend or family member just closed at, but you act like you do.

[HLS]

You are living on the recent past..
Since Jan 23, rates have gone straight up.

5.25% with 1 point was available a few weeks ago, for loans that were locked, and are getting signed and funded now.

IF YOU QUALIFY:
Conforming 30 YR fixed rates today are 6.00%+ at PAR, which means that you are going to have to pay a fee to get it.
15YR are 5.50% and 10YR ARM is 5.375% at the moment.
Could be higher or lower later today.

It’s funny to me that when rates were 5.25%, people wanted under 5%. Now that they are 6%, you are willing to jump at 5.25%…
IT DOESN’T EXIST today, without a buy-down cost.

Rates change everyday, and often intraday.
Many people with income and equity still don’t qualify for a loan today.

You can always buy a loan down to get your magic rates.

Almost everybody is getting fooled. If you haven’t been in the business, you probably don’t understand when you are getting the truth, regardless of what any friend or family member just closed at, but you act like you do.

[Author]

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