- This topic has 2 replies, 3 voices, and was last updated 16 years, 11 months ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.
Home › Forums › Closed Forums › Buying and Selling RE › Mortgage Bonds 200-day Moving Avg? Can someone pls explain.
I don’t know why you would be looking at mortage bonds. If you are buying on a variable rate I would look at the index it is tied too. IE the LIBOR (London Interbank Overnight Rate)COFI (cost of Funds) COSI (cost of savings index) or whatever other type of financial index.
If it is a fixed rate and you ahve amonth to close I would gather up my financial information, do a query on Bankrate.com and shop around for a conventional fixed rate product. Think you are focusing on irrelevant information.
If you don’t have a rate already locked, the 30 YR fixed conforming market moved against you today.
I’m curious, exactly how are you shopping mortgage rates ?
What type of loan are you looking for ?
Qualifying depends on your credit scores, loan amount, down payment, employment situation, reserves, credit history, monthly debts, financial reserves, etc.
Also whether you are going to pay to buy the rate down and how long you plan to be in the loan.