Mortgage Rates

[HLS]

http://www.HomeLoanSheldon.com

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
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Last: 0.70-0.05-6.65%

11:00am 12/11/2008

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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
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Last: 0.70-0.05-6.65%

11:00am 12/11/2008

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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
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Last: 0.70-0.05-6.65%

11:00am 12/11/2008

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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
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Last: 0.70-0.05-6.65%

11:00am 12/11/2008

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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
News, chart, profile, more
Last: 0.70-0.05-6.65%

11:00am 12/11/2008

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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.

[HLS]

That’s more misleading information to confuse people.. but I guess the rate sounds good.
Those are retail rates.

People have no idea what they qualify for.
For those that do qualify,

Right now, the 30 YR WHOLESALE rate is 4.875%
That’s with 1 point + 3rd party closing costs.

With 0 points 5.375% + closing costs.

Can change at any time.

I know a mortgage guy who is calling his buddies and past clients right now, telling them he has a great deal for them, 5.25% with ONLY 1 point, and they are falling for it. He’s screwing his friends.

He will get a nice chunk back from the lender as well.

They think that it’s good to have friends in the mortgage biz…..they are so lucky !!!

[HLS]

That’s more misleading information to confuse people.. but I guess the rate sounds good.
Those are retail rates.

People have no idea what they qualify for.
For those that do qualify,

Right now, the 30 YR WHOLESALE rate is 4.875%
That’s with 1 point + 3rd party closing costs.

With 0 points 5.375% + closing costs.

Can change at any time.

I know a mortgage guy who is calling his buddies and past clients right now, telling them he has a great deal for them, 5.25% with ONLY 1 point, and they are falling for it. He’s screwing his friends.

He will get a nice chunk back from the lender as well.

They think that it’s good to have friends in the mortgage biz…..they are so lucky !!!

[HLS]

That’s more misleading information to confuse people.. but I guess the rate sounds good.
Those are retail rates.

People have no idea what they qualify for.
For those that do qualify,

Right now, the 30 YR WHOLESALE rate is 4.875%
That’s with 1 point + 3rd party closing costs.

With 0 points 5.375% + closing costs.

Can change at any time.

I know a mortgage guy who is calling his buddies and past clients right now, telling them he has a great deal for them, 5.25% with ONLY 1 point, and they are falling for it. He’s screwing his friends.

He will get a nice chunk back from the lender as well.

They think that it’s good to have friends in the mortgage biz…..they are so lucky !!!

[HLS]

That’s more misleading information to confuse people.. but I guess the rate sounds good.
Those are retail rates.

People have no idea what they qualify for.
For those that do qualify,

Right now, the 30 YR WHOLESALE rate is 4.875%
That’s with 1 point + 3rd party closing costs.

With 0 points 5.375% + closing costs.

Can change at any time.

I know a mortgage guy who is calling his buddies and past clients right now, telling them he has a great deal for them, 5.25% with ONLY 1 point, and they are falling for it. He’s screwing his friends.

He will get a nice chunk back from the lender as well.

They think that it’s good to have friends in the mortgage biz…..they are so lucky !!!

[HLS]

That’s more misleading information to confuse people.. but I guess the rate sounds good.
Those are retail rates.

People have no idea what they qualify for.
For those that do qualify,

Right now, the 30 YR WHOLESALE rate is 4.875%
That’s with 1 point + 3rd party closing costs.

With 0 points 5.375% + closing costs.

Can change at any time.

I know a mortgage guy who is calling his buddies and past clients right now, telling them he has a great deal for them, 5.25% with ONLY 1 point, and they are falling for it. He’s screwing his friends.

He will get a nice chunk back from the lender as well.

They think that it’s good to have friends in the mortgage biz…..they are so lucky !!!

[Raybyrnes]

HLS

That article is from the Wall street Journal. There is nothing misleading about it. It says the average rates. If you are a 20% down 720+ person you can expect to do better. If not you may do worse.

I wouldn’t go around throwing every article out there under the water. You begin to lose credibility at that point. JMTC

[Raybyrnes]

HLS

That article is from the Wall street Journal. There is nothing misleading about it. It says the average rates. If you are a 20% down 720+ person you can expect to do better. If not you may do worse.

I wouldn’t go around throwing every article out there under the water. You begin to lose credibility at that point. JMTC

[Raybyrnes]

HLS

That article is from the Wall street Journal. There is nothing misleading about it. It says the average rates. If you are a 20% down 720+ person you can expect to do better. If not you may do worse.

I wouldn’t go around throwing every article out there under the water. You begin to lose credibility at that point. JMTC

[Raybyrnes]

HLS

That article is from the Wall street Journal. There is nothing misleading about it. It says the average rates. If you are a 20% down 720+ person you can expect to do better. If not you may do worse.

I wouldn’t go around throwing every article out there under the water. You begin to lose credibility at that point. JMTC

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