Mortgage rates going down?

[Coronita]

Not that it matters to me, but it seems like mortgage rates are going down. I am seeing 15year fixed rates below 3%, which is lower than what it has been for the past few months.

Thoughts?

[The-Shoveler]

It’s all about the USA dollar. everyone else is trying their best to devalue.

IMO we will see fixed 30 year rates in the low 3’s sometime this year.

My Canadian colleagues are all pissed they did not take the transfer relocation offered three or so years ago.

[moneymaker]

I was wondering myself if the 30 year will continue it’s downward trend? It was at an all time low OCT 31 of 2014 when the 30 year was at 2.25% according to yahoo charts.

[spdrun]

.

[an]

Do you mean 15 years was at 2.25% or 30 at 3.25%?

I hope rates keep on dropping, but at the moment, it’s still higher than my current rate.

[bibsoconner]

Where are you seeing rates < 3? I see 3.143% APR at Chase. That seemed about the best I could easily see. I'd welcome recommendations as I'm currently have a 30 yr 4.125 APR I'm thinking of refinancing (to a 15 yr). Cheers, Dave

[moneymaker]

[quote=AN]Do you mean 15 years was at 2.25% or 30 at 3.25%?

I hope rates keep on dropping, but at the moment, it’s still higher than my current rate.[/quote]

I was talking treasury rates which are linked to mortgages, I like to look at the 10 year treasury as far as comparisons because mortgages involves points and fees which makes them a little harder to compare. Obviously the 10 year treasury is less than the 30 year treasury.

[all]

[quote=bibsoconner]Where are you seeing rates < 3? I see 3.143% APR at Chase. That seemed about the best I could easily see. I'd welcome recommendations as I'm currently have a 30 yr 4.125 APR I'm thinking of refinancing (to a 15 yr). Cheers, Dave[/quote] Try Aimloan.

[FlyerInHi]

That’s because money is flowing out of emerging markets and being parked in USD, despite our deficit, our total national debt, and the Fed’s QEs. No dollar debasement in sight after 10 years. In fact, the makets are signaling that we ought to do more fiscal and monetary easing.

[The-Shoveler]

“deficit, our total national debt, and the Fed’s QEs”

Proof none of this matters LOL.

Probably only you me and Trump understand this.

What matters if having FU resources and being the only game in town if you get into trouble with your neighbors.

Who you going to call!!!

[FlyerInHi]

[quote=The-Shoveler]”deficit, our total national debt, and the Fed’s QEs”

Proof none of this matters LOL.

Probably only you me and Trump understand this.

What matters if having FU resources and being the only game in town if you get into trouble with your neighbors.

Who you going to call!!![/quote]

Conceptually, dollars are just made up, unlimited resources that we control and adjust to our needs. There is no need to save as if, if we don’t, we will run out. We can always make more.

Instead we should be saving natural resources for future use. When Saudi Arabia runs out of oil, that’s it. We, on the other hand, can always print more dollars.

We just need to make sure we remain the largest economy on earth. We need more immigration, lest China surpasses us.

[moneymaker]

30 year treasury at 2.68% now, what will it be at the end of the day?

[moneymaker]

2.42%

[Coronita]

[quote=bibsoconner]Where are you seeing rates < 3? I see 3.143% APR at Chase. That seemed about the best I could easily see. I'd welcome recommendations as I'm currently have a 30 yr 4.125 APR I'm thinking of refinancing (to a 15 yr). Cheers, Dave[/quote] Provident Funding https://www.provident.com/

[Geedup]

I am also a loan officer. Im having my broker refinance my own loan . I had a 4.875% from 7 months ago . Going to a 3.625% and getting $-1,500 back in closing costs plus our usual 2% lender comp 🙂 yesterday the rate was $1,600 better if I would have locked . I locked 2 days ago. Lender rate sheets come out every morning
usually (in the last two days it’s been volatile so 2-3 reprices in a day). These rates are the lowest we seen since 2012. The best indicator of our business is the 10
Year treasure rate . It goes up a few ticks in a day then the interest rate for mortgages adjusts the next day. Each rate has a specific lender credit that can go up or down from
$500 to $1500 a day until locked .

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