Need to lock…what are rates doing out there experts?

[Coronita]

I was just asking BofA a few days ago.

I was quoted by the local mortgage broker. Don’t know if these are right or not.

$417k/20yr

4.78: 0pt/ 0fee
4 5/8 0pt/ $2600-2700 fee
4.5: 1pt + $2600-$2700 fee

$417k/30yr
5 1/8 0pt/0 fee
4 7/8 0pt/$2600-2700 fee
4 3/4 1pt/$2600-2700 fee

Did not ask for the 15 yr.

I did not delve into further details. Probably more hidden costs etc.

Anyone more current?

Edit. Never mind….I just read more carefully…You said “conforming plus”….sorry.

[AK]

I locked about a month ago expecting rates to rise as the Fed cut back on MBS purchases. So far that hasn’t happened … I’m guessing that capital is flowing out of the Euro into the dollar due to the Greek crisis.

As for paying discount points … how much of a break are you getting by paying 1pt? It seems that we don’t get a whole lot for our money these days.

[AK]

I locked about a month ago expecting rates to rise as the Fed cut back on MBS purchases. So far that hasn’t happened … I’m guessing that capital is flowing out of the Euro into the dollar due to the Greek crisis.

As for paying discount points … how much of a break are you getting by paying 1pt? It seems that we don’t get a whole lot for our money these days.

[AK]

I locked about a month ago expecting rates to rise as the Fed cut back on MBS purchases. So far that hasn’t happened … I’m guessing that capital is flowing out of the Euro into the dollar due to the Greek crisis.

As for paying discount points … how much of a break are you getting by paying 1pt? It seems that we don’t get a whole lot for our money these days.

[AK]

I locked about a month ago expecting rates to rise as the Fed cut back on MBS purchases. So far that hasn’t happened … I’m guessing that capital is flowing out of the Euro into the dollar due to the Greek crisis.

As for paying discount points … how much of a break are you getting by paying 1pt? It seems that we don’t get a whole lot for our money these days.

[AK]

I locked about a month ago expecting rates to rise as the Fed cut back on MBS purchases. So far that hasn’t happened … I’m guessing that capital is flowing out of the Euro into the dollar due to the Greek crisis.

As for paying discount points … how much of a break are you getting by paying 1pt? It seems that we don’t get a whole lot for our money these days.

[(former)FormerSanDiegan]

I would lock now. I think waiting for a significant downside spike in the next 2 weeks is a fool’s game.

[(former)FormerSanDiegan]

I would lock now. I think waiting for a significant downside spike in the next 2 weeks is a fool’s game.

[(former)FormerSanDiegan]

I would lock now. I think waiting for a significant downside spike in the next 2 weeks is a fool’s game.

[(former)FormerSanDiegan]

I would lock now. I think waiting for a significant downside spike in the next 2 weeks is a fool’s game.

[(former)FormerSanDiegan]

I would lock now. I think waiting for a significant downside spike in the next 2 weeks is a fool’s game.

[LarryTheRenter]

who is your broker??? BofA and Aimloan both show a 30 yr fixed jumbo with 1 point at around 5.5 or 5.625 .. How can yours be lower than that???? is it an adjustable???

[LarryTheRenter]

who is your broker??? BofA and Aimloan both show a 30 yr fixed jumbo with 1 point at around 5.5 or 5.625 .. How can yours be lower than that???? is it an adjustable???

[LarryTheRenter]

who is your broker??? BofA and Aimloan both show a 30 yr fixed jumbo with 1 point at around 5.5 or 5.625 .. How can yours be lower than that???? is it an adjustable???

[LarryTheRenter]

who is your broker??? BofA and Aimloan both show a 30 yr fixed jumbo with 1 point at around 5.5 or 5.625 .. How can yours be lower than that???? is it an adjustable???

[Author]

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