Mortgate Rates falling?

[pemeliza]

I know a lot of others follow Mish’s thread. This is a recent post by Black Swan that echoes my current sentiments regarding treasuries.

“On the other hand, secret Fed policy could end up firming oil prices. Looking back at yesterday’s stock market rally, I couldn’t help but notice that not only were stock prices up, but oil prices were up almost 7%, and 10-yr Treasuries were up, as their yields dipped below 3% at one point. With a strong stock market and higher oil prices, a firming bond market makes no sense. Why would there be a flight to safety? There wasn’t. The only thing that makes sense on those plunging long term yields is that the Fed has started to monetize the bond market with TARP money, or some other money created out of thin air. With foreign central banks buying less US debt, how else could this have happened. Bernanke had outlined monetizing the bond market in his 11/2002 speech. That was the same speech in which he outlined the TARP. If I’m right about this, and foreign central banks catch on, the USD could sink.”

[HLS]

For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS

[HLS]

For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS

[HLS]

For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS

[HLS]

For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS

[HLS]

For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS

[Coronita]

[quote=HLS]For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS
[/quote]

HLS, just curious.. Is the jumbo markets still a mess? Honestly, I haven’t been following

Is it possible we’ll be seeing something like 5% “no point/no cost”? At 5%, i would most likely pull the trigger on a refi…Been looking for around a $580k loan…However, if that means getting within the conforming limits, so be it. My current rate has been roughly 5.5%.

[Coronita]

[quote=HLS]For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS
[/quote]

HLS, just curious.. Is the jumbo markets still a mess? Honestly, I haven’t been following

Is it possible we’ll be seeing something like 5% “no point/no cost”? At 5%, i would most likely pull the trigger on a refi…Been looking for around a $580k loan…However, if that means getting within the conforming limits, so be it. My current rate has been roughly 5.5%.

[Coronita]

[quote=HLS]For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS
[/quote]

HLS, just curious.. Is the jumbo markets still a mess? Honestly, I haven’t been following

Is it possible we’ll be seeing something like 5% “no point/no cost”? At 5%, i would most likely pull the trigger on a refi…Been looking for around a $580k loan…However, if that means getting within the conforming limits, so be it. My current rate has been roughly 5.5%.

[Coronita]

[quote=HLS]For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS
[/quote]

HLS, just curious.. Is the jumbo markets still a mess? Honestly, I haven’t been following

Is it possible we’ll be seeing something like 5% “no point/no cost”? At 5%, i would most likely pull the trigger on a refi…Been looking for around a $580k loan…However, if that means getting within the conforming limits, so be it. My current rate has been roughly 5.5%.

[Coronita]

[quote=HLS]For those who qualified,
Wholesale 30 YR fixed rates were 5.25% on Weds.
They were 5.00% on Tuesday.

Per FNMA guidelines, the best rate requires at least 20% equity and a mid credit score above 740.

Pricing is based on a matrix of credit score and equity. If you have at least 40% equity, your credit score can be as low as 620 to get the same rate. There are other options in between.

The wholesale rate comes with a 1% fee. (1 point)
plus title & escrow fees.

Refinance or purchases have the same rate, unless you are paying off a HELOC that was not used to purchase the property.

A true no cost loan depends on loan amount. A $400K loan with no cost,no fees was 5.75% on Weds.

Rates change every day, and often change intra day.
Full doc only, no stated income.
Other guidelines could appply. HLS
[/quote]

HLS, just curious.. Is the jumbo markets still a mess? Honestly, I haven’t been following

Is it possible we’ll be seeing something like 5% “no point/no cost”? At 5%, i would most likely pull the trigger on a refi…Been looking for around a $580k loan…However, if that means getting within the conforming limits, so be it. My current rate has been roughly 5.5%.

[enron_by_the_sea]

HLS:

What about 5/1 hybrid ARM for, say 400K? I currently have one at 5%. Wondering if need to get prepared for refi some time soon.

[enron_by_the_sea]

HLS:

What about 5/1 hybrid ARM for, say 400K? I currently have one at 5%. Wondering if need to get prepared for refi some time soon.

[enron_by_the_sea]

HLS:

What about 5/1 hybrid ARM for, say 400K? I currently have one at 5%. Wondering if need to get prepared for refi some time soon.

[enron_by_the_sea]

HLS:

What about 5/1 hybrid ARM for, say 400K? I currently have one at 5%. Wondering if need to get prepared for refi some time soon.

[Author]

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