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Raybyrnes
ParticipantSAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
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Last: 0.70-0.05-6.65%11:00am 12/11/2008
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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.ParticipantSAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
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Last: 0.70-0.05-6.65%11:00am 12/11/2008
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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.ParticipantSAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
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Last: 0.70-0.05-6.65%11:00am 12/11/2008
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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.ParticipantSAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
News, chart, profile, more
Last: 0.70-0.05-6.65%11:00am 12/11/2008
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FRE 0.70, -0.05, -6.6%) said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year fixed-rate average was 5.47% with an average 0.7 point for the week ending Dec. 11, down from 5.53% a week ago. Last year the average was 6.11%. The 30-year average has not been lower since March 25, 2004, when it averaged 5.4%, Freddie Mac said. “Following the release of the November employment report, which showed the largest monthly decline in jobs since December 1974, bond yields fell slightly this week allowing fixed-rate mortgage rates room to ease back a little further,” said Frank Nothaft, Freddie Mac chief economist, in a statement.ParticipantI don’t think you have to crunch the numbers so much as figuring out the probability of a cerain situation. This is a bit of a guessing game.
HLS
For those people who went the route of the no cost loan at 6.35%, 1 year ago are they not at an advantage today with respect to flexability. There was n o crystal ball but these people can now refinance at potentially lower cost and not feel that they got hosed becasue they paid the points.Am I missing something?
ParticipantI don’t think you have to crunch the numbers so much as figuring out the probability of a cerain situation. This is a bit of a guessing game.
HLS
For those people who went the route of the no cost loan at 6.35%, 1 year ago are they not at an advantage today with respect to flexability. There was n o crystal ball but these people can now refinance at potentially lower cost and not feel that they got hosed becasue they paid the points.Am I missing something?
ParticipantI don’t think you have to crunch the numbers so much as figuring out the probability of a cerain situation. This is a bit of a guessing game.
HLS
For those people who went the route of the no cost loan at 6.35%, 1 year ago are they not at an advantage today with respect to flexability. There was n o crystal ball but these people can now refinance at potentially lower cost and not feel that they got hosed becasue they paid the points.Am I missing something?
ParticipantI don’t think you have to crunch the numbers so much as figuring out the probability of a cerain situation. This is a bit of a guessing game.
HLS
For those people who went the route of the no cost loan at 6.35%, 1 year ago are they not at an advantage today with respect to flexability. There was n o crystal ball but these people can now refinance at potentially lower cost and not feel that they got hosed becasue they paid the points.Am I missing something?
ParticipantI don’t think you have to crunch the numbers so much as figuring out the probability of a cerain situation. This is a bit of a guessing game.
HLS
For those people who went the route of the no cost loan at 6.35%, 1 year ago are they not at an advantage today with respect to flexability. There was n o crystal ball but these people can now refinance at potentially lower cost and not feel that they got hosed becasue they paid the points.Am I missing something?
ParticipantPaying points is really about how you identify and measure risk. By paying points now I guaranty myself a lower cost relative to todays circumstances.
By not paying points I have the added liquidity of cash in hand and the potential opportunity of making a far greater return than the tax deductible interest I am paying for the loan.
To say no one is going to get the lowest possible rate is wrong. There are very few people but there are always a handful of people who know how to wiggle the system.
ParticipantPaying points is really about how you identify and measure risk. By paying points now I guaranty myself a lower cost relative to todays circumstances.
By not paying points I have the added liquidity of cash in hand and the potential opportunity of making a far greater return than the tax deductible interest I am paying for the loan.
To say no one is going to get the lowest possible rate is wrong. There are very few people but there are always a handful of people who know how to wiggle the system.
ParticipantPaying points is really about how you identify and measure risk. By paying points now I guaranty myself a lower cost relative to todays circumstances.
By not paying points I have the added liquidity of cash in hand and the potential opportunity of making a far greater return than the tax deductible interest I am paying for the loan.
To say no one is going to get the lowest possible rate is wrong. There are very few people but there are always a handful of people who know how to wiggle the system.
ParticipantPaying points is really about how you identify and measure risk. By paying points now I guaranty myself a lower cost relative to todays circumstances.
By not paying points I have the added liquidity of cash in hand and the potential opportunity of making a far greater return than the tax deductible interest I am paying for the loan.
To say no one is going to get the lowest possible rate is wrong. There are very few people but there are always a handful of people who know how to wiggle the system.
ParticipantPaying points is really about how you identify and measure risk. By paying points now I guaranty myself a lower cost relative to todays circumstances.
By not paying points I have the added liquidity of cash in hand and the potential opportunity of making a far greater return than the tax deductible interest I am paying for the loan.
To say no one is going to get the lowest possible rate is wrong. There are very few people but there are always a handful of people who know how to wiggle the system.
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