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  • January 23, 2008 at 1:37 AM #11603
    SD Realtor
    Participant

    Just a reminder that while prime rate cuts don’t affect long term mortgage rates, our friend the 10 year treasury yield is moving closer to the monster low it hit back in the spring of 2003.

    If you are a homeowner you may want to seriously consider refinancing if it drops much lower. I am definitely keeping my eye on it. I have noticed long term rates are still being pretty sticky but if that yield keeps moving they will have to go down because someone will blink unless the secondary market just locks up. Even if that does happen it would not surprise me to somehow see some behind the scenes backing by the government to somehow grease the secondary market.

    Anyways on a side note cds are pretty useless now…I have one maturing in another day and this surprise move by Ben has me fuming…

    I would bet experienced guys like Chris S have made an absolute killing in these yield movements. The real question will be when to pickup a rising rates fund for the 10 year…

    January 23, 2008 at 10:15 AM #141191
    cashflow
    Participant

    Hi SD R,

    I’m watching this closely as well as we want to refi our rental home. I noticed on Bankrate that usually I would get up to 10 different quotes, now I’m only seeing about 5 come up for this area….do you think this is due to the credit crunch, just not as many willing to finance in this region?? Mortgage Capital Assoc. usually had lower rates and quote a reasonable fee, they are at 5.1% today…not too bad…

    What are your thoughts on how low this could go? I’m excited to get this done though and long term have a great rate and save some $$$. On the flipside, we too had a CD resetting, but it locked in beggining of month, still not too good though.

    Can’t have it all!

    January 23, 2008 at 10:15 AM #141416
    cashflow
    Participant

    Hi SD R,

    I’m watching this closely as well as we want to refi our rental home. I noticed on Bankrate that usually I would get up to 10 different quotes, now I’m only seeing about 5 come up for this area….do you think this is due to the credit crunch, just not as many willing to finance in this region?? Mortgage Capital Assoc. usually had lower rates and quote a reasonable fee, they are at 5.1% today…not too bad…

    What are your thoughts on how low this could go? I’m excited to get this done though and long term have a great rate and save some $$$. On the flipside, we too had a CD resetting, but it locked in beggining of month, still not too good though.

    Can’t have it all!

    January 23, 2008 at 10:15 AM #141430
    cashflow
    Participant

    Hi SD R,

    I’m watching this closely as well as we want to refi our rental home. I noticed on Bankrate that usually I would get up to 10 different quotes, now I’m only seeing about 5 come up for this area….do you think this is due to the credit crunch, just not as many willing to finance in this region?? Mortgage Capital Assoc. usually had lower rates and quote a reasonable fee, they are at 5.1% today…not too bad…

    What are your thoughts on how low this could go? I’m excited to get this done though and long term have a great rate and save some $$$. On the flipside, we too had a CD resetting, but it locked in beggining of month, still not too good though.

    Can’t have it all!

    January 23, 2008 at 10:15 AM #141459
    cashflow
    Participant

    Hi SD R,

    I’m watching this closely as well as we want to refi our rental home. I noticed on Bankrate that usually I would get up to 10 different quotes, now I’m only seeing about 5 come up for this area….do you think this is due to the credit crunch, just not as many willing to finance in this region?? Mortgage Capital Assoc. usually had lower rates and quote a reasonable fee, they are at 5.1% today…not too bad…

    What are your thoughts on how low this could go? I’m excited to get this done though and long term have a great rate and save some $$$. On the flipside, we too had a CD resetting, but it locked in beggining of month, still not too good though.

    Can’t have it all!

    January 23, 2008 at 10:15 AM #141515
    cashflow
    Participant

    Hi SD R,

    I’m watching this closely as well as we want to refi our rental home. I noticed on Bankrate that usually I would get up to 10 different quotes, now I’m only seeing about 5 come up for this area….do you think this is due to the credit crunch, just not as many willing to finance in this region?? Mortgage Capital Assoc. usually had lower rates and quote a reasonable fee, they are at 5.1% today…not too bad…

    What are your thoughts on how low this could go? I’m excited to get this done though and long term have a great rate and save some $$$. On the flipside, we too had a CD resetting, but it locked in beggining of month, still not too good though.

    Can’t have it all!

    January 23, 2008 at 10:28 AM #141201
    Fearful
    Participant

    I can understand funds flowing to 10yr from the stock market.

    However, I cannot understand funds flowing in to mortgages.

    Anybody that can help me understand why mortgage rates have been going down lately?

    January 23, 2008 at 10:28 AM #141426
    Fearful
    Participant

    I can understand funds flowing to 10yr from the stock market.

    However, I cannot understand funds flowing in to mortgages.

    Anybody that can help me understand why mortgage rates have been going down lately?

    January 23, 2008 at 10:28 AM #141440
    Fearful
    Participant

    I can understand funds flowing to 10yr from the stock market.

    However, I cannot understand funds flowing in to mortgages.

    Anybody that can help me understand why mortgage rates have been going down lately?

    January 23, 2008 at 10:28 AM #141469
    Fearful
    Participant

    I can understand funds flowing to 10yr from the stock market.

    However, I cannot understand funds flowing in to mortgages.

    Anybody that can help me understand why mortgage rates have been going down lately?

    January 23, 2008 at 10:28 AM #141525
    Fearful
    Participant

    I can understand funds flowing to 10yr from the stock market.

    However, I cannot understand funds flowing in to mortgages.

    Anybody that can help me understand why mortgage rates have been going down lately?

    January 23, 2008 at 10:42 AM #141216
    Eugene
    Participant

    Because so far delinquency/default rates of fixed rate mortgages were negligible. As far as investors are concerned, housing problems are still confined to subprime and adjustable-rate markets.

    January 23, 2008 at 10:42 AM #141443
    Eugene
    Participant

    Because so far delinquency/default rates of fixed rate mortgages were negligible. As far as investors are concerned, housing problems are still confined to subprime and adjustable-rate markets.

    January 23, 2008 at 10:42 AM #141455
    Eugene
    Participant

    Because so far delinquency/default rates of fixed rate mortgages were negligible. As far as investors are concerned, housing problems are still confined to subprime and adjustable-rate markets.

    January 23, 2008 at 10:42 AM #141484
    Eugene
    Participant

    Because so far delinquency/default rates of fixed rate mortgages were negligible. As far as investors are concerned, housing problems are still confined to subprime and adjustable-rate markets.

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