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EmpirE231
03-06-2007, 11:25 AM
anyone have the scoop? are they staying still... going up? going down? anything.. just wondering if I should refi or not. I have a 6.75 still fixed for another 4 1/2 years? :confused:
jbone
03-06-2007, 11:32 AM
Here comes the flood of pm's.
Stand by to stand by.:D
J
Mandelon
03-06-2007, 11:34 AM
I think they will sit pretty tight where they are. Maybe a little up and a little down, but I don't think fed will raise them anymore until the housing issues settle out.
EmpirE231
03-06-2007, 11:34 AM
Ohh dang... no PM's please :D just seeing how interest rates are going!! no looking to pull equity out or save myself from anything. just seeing the rates...
socalmofo
03-06-2007, 11:45 AM
I agree with Mandelon. Should stay about where they are at until the market is stabilized.
I wonder how many posts it will be until someone comes in and says how rates are going way up and more foreclosures are coming and..... blah blah blah!
essexjet
03-06-2007, 11:47 AM
Par rate on a 30 year fixed Fannie Mae is at 5.75% today. We should see it go up to 5.875% due to weakness on the 10 year note.
Big Warlock
03-06-2007, 12:07 PM
Mortgage rates are tied to Treasury Bills. Short term interest rates have nothing to do with Mortgages.
When they report the Feds meeting to discuss interest rates, they are talking about short term. This affects what banks pay from the fed bank. It affects your credit card rate, consumer spending, etc. etc.
FYI
Outnumbered
03-06-2007, 01:05 PM
anyone have the scoop? are they staying still... going up? going down? anything.. just wondering if I should refi or not. I have a 6.75 still fixed for another 4 1/2 years? :confused:
Read this:
http://www.hsh.com/2month4cast.html
Outnumbered
03-06-2007, 01:08 PM
And if you are still awake, read this...
http://www.hsh.com/trends.html
ParkerSteve
03-06-2007, 01:55 PM
Couldn't wait Refied Parker Home Tuesday for 5.625/ O points/ 30 year fixed/
3000. costs :D
sdpm
03-06-2007, 02:17 PM
Who was this with? That looks great to me.
reDECKulous
03-06-2007, 02:22 PM
Just locked a 7 year ARM (fixed for 7 years) this morning @ 5.875%. No buy down, 702 FICO @ 90% Loan to value.
Eric
FYI - About 15 banks cut out 100% purchase programs on Monday... if you are going to buy with no money down... hurry up!
HocusPocus
03-06-2007, 02:51 PM
don't know if its true or not but i was always told that if you can't get your interest at least 2% lower then what you have that its not worth it to refi??? 10 years ago our loan was 8% and we refi'd when rates were much lower. however i can remember rates being over twice what they are now.. you just never know.
totenhosen
03-06-2007, 06:30 PM
anyone have the scoop? are they staying still... going up? going down? anything.. just wondering if I should refi or not. I have a 6.75 still fixed for another 4 1/2 years? :confused:
What were you doing during the last three years when you could have gotten a 30 year fixed at less than 6%. See how you have an adjustable rate you should be in the high 4's.