[HLS]

I think that FHA should only be of interest if you have a mid credit score below 660-700 AND cannot come up with an extra 1.5% down (Total of 5% down)
The added cost for FHA loans is a sin.

I don’t know what to expect or how low rates will get, but if they go lower, FNMA will go down as well, not just FHA.

In my opinion, nobody should buy a house if you only have 3.5% or 5% down. You are upside down from the day you buy it, which is not a good feeling.

I’ll still offer to get you the best loan that I can…

If a miminum of 10% down was required, we wouldn’t be on the verge of a global depression and houses would be much cheaper nationwide, and much more affordable.

The housing market is ponzi scheme, soon to be known as a MADOFF.

Buy a house like you buy a car. You can afford the payment and you expect it to drop in value.

Just my two cents….

[HLS]

I think that FHA should only be of interest if you have a mid credit score below 660-700 AND cannot come up with an extra 1.5% down (Total of 5% down)
The added cost for FHA loans is a sin.

I don’t know what to expect or how low rates will get, but if they go lower, FNMA will go down as well, not just FHA.

In my opinion, nobody should buy a house if you only have 3.5% or 5% down. You are upside down from the day you buy it, which is not a good feeling.

I’ll still offer to get you the best loan that I can…

If a miminum of 10% down was required, we wouldn’t be on the verge of a global depression and houses would be much cheaper nationwide, and much more affordable.

The housing market is ponzi scheme, soon to be known as a MADOFF.

Buy a house like you buy a car. You can afford the payment and you expect it to drop in value.

Just my two cents….

[HLS]

MyDogs..

You can contact me @ [email protected]

Feel free to check with me, there’s no obligation.
If there is a target rate or max costs that you are looking for, I can try to monitor them for you.
There has been much movement lately.

http://www.HomeLoanSheldon.com

[HLS]

MyDogs..

You can contact me @ [email protected]

Feel free to check with me, there’s no obligation.
If there is a target rate or max costs that you are looking for, I can try to monitor them for you.
There has been much movement lately.

http://www.HomeLoanSheldon.com

[HLS]

MyDogs..

You can contact me @ [email protected]

Feel free to check with me, there’s no obligation.
If there is a target rate or max costs that you are looking for, I can try to monitor them for you.
There has been much movement lately.

http://www.HomeLoanSheldon.com

[HLS]

MyDogs..

You can contact me @ [email protected]

Feel free to check with me, there’s no obligation.
If there is a target rate or max costs that you are looking for, I can try to monitor them for you.
There has been much movement lately.

http://www.HomeLoanSheldon.com

[HLS]

MyDogs..

You can contact me @ [email protected]

Feel free to check with me, there’s no obligation.
If there is a target rate or max costs that you are looking for, I can try to monitor them for you.
There has been much movement lately.

http://www.HomeLoanSheldon.com

[HLS]

Rayb, good post.

30 YR Rates ended today @
5.00% with .40pts

15 YR rates
4.50% .35 pts
4.375% .70 pts

Rates were considerably lower on Weds.
It will be interesting to see next weeks averages on Thursday.

Rayb, what are your connections predicting about rates for next week ?

[HLS]

Rayb, good post.

30 YR Rates ended today @
5.00% with .40pts

15 YR rates
4.50% .35 pts
4.375% .70 pts

Rates were considerably lower on Weds.
It will be interesting to see next weeks averages on Thursday.

Rayb, what are your connections predicting about rates for next week ?

[HLS]

Rayb, good post.

30 YR Rates ended today @
5.00% with .40pts

15 YR rates
4.50% .35 pts
4.375% .70 pts

Rates were considerably lower on Weds.
It will be interesting to see next weeks averages on Thursday.

Rayb, what are your connections predicting about rates for next week ?

[HLS]

Rayb, good post.

30 YR Rates ended today @
5.00% with .40pts

15 YR rates
4.50% .35 pts
4.375% .70 pts

Rates were considerably lower on Weds.
It will be interesting to see next weeks averages on Thursday.

Rayb, what are your connections predicting about rates for next week ?

[HLS]

Rayb, good post.

30 YR Rates ended today @
5.00% with .40pts

15 YR rates
4.50% .35 pts
4.375% .70 pts

Rates were considerably lower on Weds.
It will be interesting to see next weeks averages on Thursday.

Rayb, what are your connections predicting about rates for next week ?

[HLS]

[quote=steveno]
Total savings in monthly payments of $550 combined. Will take 3 years to break even on the fees and costs.

$500 lock fee. [/quote]

StevenO,
Are you saying that you are saving $6600 a year and it will take 3 years to recover your cost, meaning that these 2 loans cost you $20,000 in closing costs….
Can you please clarify ?

And they charge a $500 lock fee ?

[HLS]

[quote=steveno]
Total savings in monthly payments of $550 combined. Will take 3 years to break even on the fees and costs.

$500 lock fee. [/quote]

StevenO,
Are you saying that you are saving $6600 a year and it will take 3 years to recover your cost, meaning that these 2 loans cost you $20,000 in closing costs….
Can you please clarify ?

And they charge a $500 lock fee ?

[HLS]

[quote=steveno]
Total savings in monthly payments of $550 combined. Will take 3 years to break even on the fees and costs.

$500 lock fee. [/quote]

StevenO,
Are you saying that you are saving $6600 a year and it will take 3 years to recover your cost, meaning that these 2 loans cost you $20,000 in closing costs….
Can you please clarify ?

And they charge a $500 lock fee ?

[Author]

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