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HLS
ParticipantRay, I’m not sure what your problem is and I’m not intimidated by who said it.
The comments above are factual and qualified.
He didn’t state average rates or anything misleading or bogus. He clearly states that they MAY push rates lower.The FACT is that the 10 YR bond is up 16% since Tuesday (2 trading days) which is an indicator of mortgage rates. Rates closed higher this week, back near 5%.
Therefore you can look forward to the report about average rates from average reporters geared to average people to show that the average rates will be well off their recent lows.
ParticipantUrban, I politely disagree about brokers having a point…
Why not disclose what they are making, front end and back end. I gladly do it. As an agent, you do it. Why should there be secrets that screw the client ??
I say screw the mortgage person that doesn’t want to disclose their total compensation.
What’s wrong with saying my wholesale rate is 4.75% (or whatever) I charge one point to provide it, and I don’t get a penny back from the lender at this rate..
If you want to pay a higher rate, it will lower your cost because the lender will compensate me for overcharging you.
(I call it a reward for screwing the borrower)Banks have higher retail rates with fees. Most people don’t know how to figure which is a better loan, but no fees, no costs, sounds better to average people, who buy average houses, at average interest rates.
Many bank employees are clueless that wholesale rates exist with better options for many borrowers.
For those that only want to shop by price, they will get what they pay for.
Plenty of businesses exist without being competitive on price. People still choose to spend with them.ParticipantUrban, I politely disagree about brokers having a point…
Why not disclose what they are making, front end and back end. I gladly do it. As an agent, you do it. Why should there be secrets that screw the client ??
I say screw the mortgage person that doesn’t want to disclose their total compensation.
What’s wrong with saying my wholesale rate is 4.75% (or whatever) I charge one point to provide it, and I don’t get a penny back from the lender at this rate..
If you want to pay a higher rate, it will lower your cost because the lender will compensate me for overcharging you.
(I call it a reward for screwing the borrower)Banks have higher retail rates with fees. Most people don’t know how to figure which is a better loan, but no fees, no costs, sounds better to average people, who buy average houses, at average interest rates.
Many bank employees are clueless that wholesale rates exist with better options for many borrowers.
For those that only want to shop by price, they will get what they pay for.
Plenty of businesses exist without being competitive on price. People still choose to spend with them.ParticipantUrban, I politely disagree about brokers having a point…
Why not disclose what they are making, front end and back end. I gladly do it. As an agent, you do it. Why should there be secrets that screw the client ??
I say screw the mortgage person that doesn’t want to disclose their total compensation.
What’s wrong with saying my wholesale rate is 4.75% (or whatever) I charge one point to provide it, and I don’t get a penny back from the lender at this rate..
If you want to pay a higher rate, it will lower your cost because the lender will compensate me for overcharging you.
(I call it a reward for screwing the borrower)Banks have higher retail rates with fees. Most people don’t know how to figure which is a better loan, but no fees, no costs, sounds better to average people, who buy average houses, at average interest rates.
Many bank employees are clueless that wholesale rates exist with better options for many borrowers.
For those that only want to shop by price, they will get what they pay for.
Plenty of businesses exist without being competitive on price. People still choose to spend with them.ParticipantUrban, I politely disagree about brokers having a point…
Why not disclose what they are making, front end and back end. I gladly do it. As an agent, you do it. Why should there be secrets that screw the client ??
I say screw the mortgage person that doesn’t want to disclose their total compensation.
What’s wrong with saying my wholesale rate is 4.75% (or whatever) I charge one point to provide it, and I don’t get a penny back from the lender at this rate..
If you want to pay a higher rate, it will lower your cost because the lender will compensate me for overcharging you.
(I call it a reward for screwing the borrower)Banks have higher retail rates with fees. Most people don’t know how to figure which is a better loan, but no fees, no costs, sounds better to average people, who buy average houses, at average interest rates.
Many bank employees are clueless that wholesale rates exist with better options for many borrowers.
For those that only want to shop by price, they will get what they pay for.
Plenty of businesses exist without being competitive on price. People still choose to spend with them.ParticipantUrban, I politely disagree about brokers having a point…
Why not disclose what they are making, front end and back end. I gladly do it. As an agent, you do it. Why should there be secrets that screw the client ??
I say screw the mortgage person that doesn’t want to disclose their total compensation.
What’s wrong with saying my wholesale rate is 4.75% (or whatever) I charge one point to provide it, and I don’t get a penny back from the lender at this rate..
If you want to pay a higher rate, it will lower your cost because the lender will compensate me for overcharging you.
(I call it a reward for screwing the borrower)Banks have higher retail rates with fees. Most people don’t know how to figure which is a better loan, but no fees, no costs, sounds better to average people, who buy average houses, at average interest rates.
Many bank employees are clueless that wholesale rates exist with better options for many borrowers.
For those that only want to shop by price, they will get what they pay for.
Plenty of businesses exist without being competitive on price. People still choose to spend with them.ParticipantWill SEARS be in business in a year ??
The stock is currently $41+
You can sell JAN 2010 $5 Puts for $1.00The stock would need to be below $4.00 to lose money, a drop of 90%
Many other interesting options going 6 to 12 months out….
ParticipantWill SEARS be in business in a year ??
The stock is currently $41+
You can sell JAN 2010 $5 Puts for $1.00The stock would need to be below $4.00 to lose money, a drop of 90%
Many other interesting options going 6 to 12 months out….
ParticipantWill SEARS be in business in a year ??
The stock is currently $41+
You can sell JAN 2010 $5 Puts for $1.00The stock would need to be below $4.00 to lose money, a drop of 90%
Many other interesting options going 6 to 12 months out….
ParticipantWill SEARS be in business in a year ??
The stock is currently $41+
You can sell JAN 2010 $5 Puts for $1.00The stock would need to be below $4.00 to lose money, a drop of 90%
Many other interesting options going 6 to 12 months out….
ParticipantWill SEARS be in business in a year ??
The stock is currently $41+
You can sell JAN 2010 $5 Puts for $1.00The stock would need to be below $4.00 to lose money, a drop of 90%
Many other interesting options going 6 to 12 months out….
ParticipantNational Debt @$16-$20 Trillion
Nationwide fear, panic and chaos over economic conditions and higher unemployment.
30 YR mortgage rates @ 6%+
Higher foreclosure numbers than today, lower house prices in most areas.
NAR spouting it’s a great time to buy houses.
ParticipantNational Debt @$16-$20 Trillion
Nationwide fear, panic and chaos over economic conditions and higher unemployment.
30 YR mortgage rates @ 6%+
Higher foreclosure numbers than today, lower house prices in most areas.
NAR spouting it’s a great time to buy houses.
ParticipantNational Debt @$16-$20 Trillion
Nationwide fear, panic and chaos over economic conditions and higher unemployment.
30 YR mortgage rates @ 6%+
Higher foreclosure numbers than today, lower house prices in most areas.
NAR spouting it’s a great time to buy houses.
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