Rate update! 30 YR Fixed back to 5.00%

[enron_by_the_sea]

HLS:
Does the 15-year fixed still goes for lower interest rate than 30-year? What is the best rate on 15-year fixed? (conforming, good credit, <80% LTV)

[HLS]

EBTS:
It’s not a huge difference in rate anymore, and you are obligated to a higher payment with a 15YR…

You can always pay a 30 YR off in 15 years if you choose, but you cannot pay a 15 YR off over 30 years.

It’s alos tougher for many to qualify for the higher payment obligation.

Weds I had
4.875% with .50 pt for 15 YR
5.00% with .50 pt for 30 YR
(both + closing costs)

Pricing slightly better for 40%+ equity.
Above rates were 80%, credit score of 740+

Rates are up & down like a yo-yo recently.

I think that at some point in the future CD rates will be considerably higher than mortgage rates today.
Having cash that you cannot get to, tied up in a house is a dangerous thing for most people.

Paying off a mortgage early is a flawed concept in inflationary times.
Paying off low interest debt in cheaper inflated dollars is a beautiful thing. . HLS

[HLS]

EBTS:
It’s not a huge difference in rate anymore, and you are obligated to a higher payment with a 15YR…

You can always pay a 30 YR off in 15 years if you choose, but you cannot pay a 15 YR off over 30 years.

It’s alos tougher for many to qualify for the higher payment obligation.

Weds I had
4.875% with .50 pt for 15 YR
5.00% with .50 pt for 30 YR
(both + closing costs)

Pricing slightly better for 40%+ equity.
Above rates were 80%, credit score of 740+

Rates are up & down like a yo-yo recently.

I think that at some point in the future CD rates will be considerably higher than mortgage rates today.
Having cash that you cannot get to, tied up in a house is a dangerous thing for most people.

Paying off a mortgage early is a flawed concept in inflationary times.
Paying off low interest debt in cheaper inflated dollars is a beautiful thing. . HLS

[HLS]

EBTS:
It’s not a huge difference in rate anymore, and you are obligated to a higher payment with a 15YR…

You can always pay a 30 YR off in 15 years if you choose, but you cannot pay a 15 YR off over 30 years.

It’s alos tougher for many to qualify for the higher payment obligation.

Weds I had
4.875% with .50 pt for 15 YR
5.00% with .50 pt for 30 YR
(both + closing costs)

Pricing slightly better for 40%+ equity.
Above rates were 80%, credit score of 740+

Rates are up & down like a yo-yo recently.

I think that at some point in the future CD rates will be considerably higher than mortgage rates today.
Having cash that you cannot get to, tied up in a house is a dangerous thing for most people.

Paying off a mortgage early is a flawed concept in inflationary times.
Paying off low interest debt in cheaper inflated dollars is a beautiful thing. . HLS

[HLS]

EBTS:
It’s not a huge difference in rate anymore, and you are obligated to a higher payment with a 15YR…

You can always pay a 30 YR off in 15 years if you choose, but you cannot pay a 15 YR off over 30 years.

It’s alos tougher for many to qualify for the higher payment obligation.

Weds I had
4.875% with .50 pt for 15 YR
5.00% with .50 pt for 30 YR
(both + closing costs)

Pricing slightly better for 40%+ equity.
Above rates were 80%, credit score of 740+

Rates are up & down like a yo-yo recently.

I think that at some point in the future CD rates will be considerably higher than mortgage rates today.
Having cash that you cannot get to, tied up in a house is a dangerous thing for most people.

Paying off a mortgage early is a flawed concept in inflationary times.
Paying off low interest debt in cheaper inflated dollars is a beautiful thing. . HLS

[HLS]

EBTS:
It’s not a huge difference in rate anymore, and you are obligated to a higher payment with a 15YR…

You can always pay a 30 YR off in 15 years if you choose, but you cannot pay a 15 YR off over 30 years.

It’s alos tougher for many to qualify for the higher payment obligation.

Weds I had
4.875% with .50 pt for 15 YR
5.00% with .50 pt for 30 YR
(both + closing costs)

Pricing slightly better for 40%+ equity.
Above rates were 80%, credit score of 740+

Rates are up & down like a yo-yo recently.

I think that at some point in the future CD rates will be considerably higher than mortgage rates today.
Having cash that you cannot get to, tied up in a house is a dangerous thing for most people.

Paying off a mortgage early is a flawed concept in inflationary times.
Paying off low interest debt in cheaper inflated dollars is a beautiful thing. . HLS

[enron_by_the_sea]

HLS:

agreed. Unless I can get significantly less rate on 15-years, there is no reason to go for it.

[enron_by_the_sea]

HLS:

agreed. Unless I can get significantly less rate on 15-years, there is no reason to go for it.

[enron_by_the_sea]

HLS:

agreed. Unless I can get significantly less rate on 15-years, there is no reason to go for it.

[enron_by_the_sea]

HLS:

agreed. Unless I can get significantly less rate on 15-years, there is no reason to go for it.

[enron_by_the_sea]

HLS:

agreed. Unless I can get significantly less rate on 15-years, there is no reason to go for it.

[Scarlett]

HLS,

What would the rate for 30yr FRM be for 10% down; excellent credit score, be?
What would the limit of the loan amount be?
Thanks!

Scarlett

[Scarlett]

HLS,

What would the rate for 30yr FRM be for 10% down; excellent credit score, be?
What would the limit of the loan amount be?
Thanks!

Scarlett

[Scarlett]

HLS,

What would the rate for 30yr FRM be for 10% down; excellent credit score, be?
What would the limit of the loan amount be?
Thanks!

Scarlett

[Scarlett]

HLS,

What would the rate for 30yr FRM be for 10% down; excellent credit score, be?
What would the limit of the loan amount be?
Thanks!

Scarlett

[Author]

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