Mortgage rates up over 1% in a few weeks

[DWCAP]

Wait, so what exactly was the changes in rates? 5.5-6.5%? 6%-7%? I am just curious because I am NOT in the market to buy in the short term so dont check rates very often. I think that most of my information about rates comes from the littel ads on CNN.com and such when you click buisness or RE links. I dont take these serious, cause you and that guy who just won the lottery in BFE are the only ones who qualify for that rate, but it is interesting to see what they are saying.
Any ideas why rates are going up when everyone knows the FED is gonna cut next week?

[cr]

Makes me wonder if this the banks’ response to essentially being forced to renegotiate sub-prime loan terms.

Way to go Ben! Force banks to lose money selling to people suckered into teaser rates and liar loans at the expense of those who avoided the bubble.

Looks like I’ll be waiting it out a while longer with you duck.

[cr]

Makes me wonder if this the banks’ response to essentially being forced to renegotiate sub-prime loan terms.

Way to go Ben! Force banks to lose money selling to people suckered into teaser rates and liar loans at the expense of those who avoided the bubble.

Looks like I’ll be waiting it out a while longer with you duck.

[cr]

Makes me wonder if this the banks’ response to essentially being forced to renegotiate sub-prime loan terms.

Way to go Ben! Force banks to lose money selling to people suckered into teaser rates and liar loans at the expense of those who avoided the bubble.

Looks like I’ll be waiting it out a while longer with you duck.

[cr]

Makes me wonder if this the banks’ response to essentially being forced to renegotiate sub-prime loan terms.

Way to go Ben! Force banks to lose money selling to people suckered into teaser rates and liar loans at the expense of those who avoided the bubble.

Looks like I’ll be waiting it out a while longer with you duck.

[cr]

Makes me wonder if this the banks’ response to essentially being forced to renegotiate sub-prime loan terms.

Way to go Ben! Force banks to lose money selling to people suckered into teaser rates and liar loans at the expense of those who avoided the bubble.

Looks like I’ll be waiting it out a while longer with you duck.

[raptorduck]

From mid 5’s to mid to high 6’s depending on the loan product and probably still further creep to go, though this is hardly creep. Fixed 30 yr Jumbos are already over 7%.

I am not necessarily out of the market. It just forces me to be even more agressive with offers and sellers, and creative, to inject more downside protection. It also forces me to put even more down, so I can preserve equity to refinance.

Rates could go even higher after all. I would not be surprised if they went to near 8% like they were about 8 years ago.

[raptorduck]

From mid 5’s to mid to high 6’s depending on the loan product and probably still further creep to go, though this is hardly creep. Fixed 30 yr Jumbos are already over 7%.

I am not necessarily out of the market. It just forces me to be even more agressive with offers and sellers, and creative, to inject more downside protection. It also forces me to put even more down, so I can preserve equity to refinance.

Rates could go even higher after all. I would not be surprised if they went to near 8% like they were about 8 years ago.

[raptorduck]

From mid 5’s to mid to high 6’s depending on the loan product and probably still further creep to go, though this is hardly creep. Fixed 30 yr Jumbos are already over 7%.

I am not necessarily out of the market. It just forces me to be even more agressive with offers and sellers, and creative, to inject more downside protection. It also forces me to put even more down, so I can preserve equity to refinance.

Rates could go even higher after all. I would not be surprised if they went to near 8% like they were about 8 years ago.

[raptorduck]

From mid 5’s to mid to high 6’s depending on the loan product and probably still further creep to go, though this is hardly creep. Fixed 30 yr Jumbos are already over 7%.

I am not necessarily out of the market. It just forces me to be even more agressive with offers and sellers, and creative, to inject more downside protection. It also forces me to put even more down, so I can preserve equity to refinance.

Rates could go even higher after all. I would not be surprised if they went to near 8% like they were about 8 years ago.

[raptorduck]

From mid 5’s to mid to high 6’s depending on the loan product and probably still further creep to go, though this is hardly creep. Fixed 30 yr Jumbos are already over 7%.

I am not necessarily out of the market. It just forces me to be even more agressive with offers and sellers, and creative, to inject more downside protection. It also forces me to put even more down, so I can preserve equity to refinance.

Rates could go even higher after all. I would not be surprised if they went to near 8% like they were about 8 years ago.

[Tone]

Wells Fargo already prices 30 year fixed jumbos at 8% as of today!

[Tone]

Wells Fargo already prices 30 year fixed jumbos at 8% as of today!

[Tone]

Wells Fargo already prices 30 year fixed jumbos at 8% as of today!

[Tone]

Wells Fargo already prices 30 year fixed jumbos at 8% as of today!

[Author]

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