Forum Replies Created
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HLS
ParticipantCan a broker post today’s rates for common Pigg, i.e., 400K loan with 20% down, 750FICO+.
Is there a good site to track average low rate?
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Tuesday’s best wholesale rate that I had for a strong borrower was 5.50%$417K loan max
20% equity
720 or higher mid credit score
Full Doc
30 YR fixed (15 YR @ 5.25%)
Impound account for taxes
Owner occupied
Purchase OR REFI without any cash out.
1 point origination fee
(OR 5.75% without origination fee)
30 day lock
+ 3rd party fees
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Jumbo loans OVER $417K
20% equity
740 or above mid credit score
As above 5.75%
(or 6.125% without origination fee)
With 25% equity
5.625% (OR 6.00%)
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It’s all about qualifying.
Who cares about “average rates”
It’s all about qualifying !!Some lenders wont lock jumbo loans until the loan is underwritten.
Most people don’t get the best rate that they actually qualify for.
Doesn’t matter if it’s a Bank, CU or through a broker.Rates subject to change at anytime.
When you shop by rate, you are asking to be fooled, and don’t understand what you are doing.
HLS
ParticipantAre you kidding ??
You continue making your payments per your contractual agreement.
IndyMac Federal Bank is in business.If you get one 30 day mtg late on your credit report you will have your credit score whacked and you will probably not be able to refinance for at least 12 months.
ParticipantAre you kidding ??
You continue making your payments per your contractual agreement.
IndyMac Federal Bank is in business.If you get one 30 day mtg late on your credit report you will have your credit score whacked and you will probably not be able to refinance for at least 12 months.
ParticipantAre you kidding ??
You continue making your payments per your contractual agreement.
IndyMac Federal Bank is in business.If you get one 30 day mtg late on your credit report you will have your credit score whacked and you will probably not be able to refinance for at least 12 months.
ParticipantAre you kidding ??
You continue making your payments per your contractual agreement.
IndyMac Federal Bank is in business.If you get one 30 day mtg late on your credit report you will have your credit score whacked and you will probably not be able to refinance for at least 12 months.
ParticipantAre you kidding ??
You continue making your payments per your contractual agreement.
IndyMac Federal Bank is in business.If you get one 30 day mtg late on your credit report you will have your credit score whacked and you will probably not be able to refinance for at least 12 months.
ParticipantOP sent me an email the first night about wanting to work it out with J and I never heard from OP again.
There had to be three sides to that story.
ParticipantOP sent me an email the first night about wanting to work it out with J and I never heard from OP again.
There had to be three sides to that story.
ParticipantOP sent me an email the first night about wanting to work it out with J and I never heard from OP again.
There had to be three sides to that story.
ParticipantOP sent me an email the first night about wanting to work it out with J and I never heard from OP again.
There had to be three sides to that story.
ParticipantOP sent me an email the first night about wanting to work it out with J and I never heard from OP again.
There had to be three sides to that story.
ParticipantSD, it’s still an OK barometer on day to day moves, but not foolproof. You cannot assume the 30 YR rate by where the 10 YR is. Will see if the 2008 spread holds or widens.
Point agreed that I don’t think we will see a huge move up in the 10 YR and a drop in the 30 YR.
My point was that when the FED cuts rates, many think that 30 YR rates will go down. The FFR is now 325 bps lower and 30 YR rates are back where they were before the first cut last summer.
If the 10 YR gets back to 5% or above, I imagine that 30 YR rates will be considerably higher than 6.25%
Payments on a $417K loan are now much higher than just several months ago.
In January, 30 YR fixed were at 5.25% for a few days, and were at 5.375% in January and in March…
They have been below 5.875% most of this year.Is it up up and away or back into the 5’s ?? I DUNNO.
ParticipantSD, it’s still an OK barometer on day to day moves, but not foolproof. You cannot assume the 30 YR rate by where the 10 YR is. Will see if the 2008 spread holds or widens.
Point agreed that I don’t think we will see a huge move up in the 10 YR and a drop in the 30 YR.
My point was that when the FED cuts rates, many think that 30 YR rates will go down. The FFR is now 325 bps lower and 30 YR rates are back where they were before the first cut last summer.
If the 10 YR gets back to 5% or above, I imagine that 30 YR rates will be considerably higher than 6.25%
Payments on a $417K loan are now much higher than just several months ago.
In January, 30 YR fixed were at 5.25% for a few days, and were at 5.375% in January and in March…
They have been below 5.875% most of this year.Is it up up and away or back into the 5’s ?? I DUNNO.
ParticipantSD, it’s still an OK barometer on day to day moves, but not foolproof. You cannot assume the 30 YR rate by where the 10 YR is. Will see if the 2008 spread holds or widens.
Point agreed that I don’t think we will see a huge move up in the 10 YR and a drop in the 30 YR.
My point was that when the FED cuts rates, many think that 30 YR rates will go down. The FFR is now 325 bps lower and 30 YR rates are back where they were before the first cut last summer.
If the 10 YR gets back to 5% or above, I imagine that 30 YR rates will be considerably higher than 6.25%
Payments on a $417K loan are now much higher than just several months ago.
In January, 30 YR fixed were at 5.25% for a few days, and were at 5.375% in January and in March…
They have been below 5.875% most of this year.Is it up up and away or back into the 5’s ?? I DUNNO.
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