mortgage rates 4.5% ?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Kard63
    Confirmed User
    • Nov 2003
    • 8944

    #1

    mortgage rates 4.5% ?

    I heard on tv rates are 5.25% on a 30 year fixed and might get down to 4.5%. From what I see on the net rates are not currently 5.25%. Anyone else know whats up?
  • Snake Doctor
    I'm Lenny2 Bitch
    • Mar 2001
    • 13449

    #2
    The Fed is talking about buying up Ginnie Mae's to drive rates down to that level....I don't think it'll help the overall problem in housing though....which is excess supply.

    That's just going to take a long time to work through.
    sig too big

    Comment

    • stevo
      Confirmed User
      • Aug 2002
      • 2051

      #3
      They're "talking" about it.

      But its only for new mortgages, not refinancing.

      Comment

      • GetSCORECash
        Confirmed User
        • Mar 2008
        • 5527

        #4
        If this works I see my few good renters buy homes, as 4.5% will allow them to pay less then what I'm chargeing.
        | skype: getscorecash | ICQ: 59-271-063 |
        New Sites: | SCORELAND2 | Roku Channel SCORETV.TV | 60PLUSMILFS |
        | Big Tit Hooker | Tits And Tugs | Big Boobs POV | Karla James |
        | Naughty Foot Jobs | Linsey's World | Busty Arianna Sinn | Get SCORE Cash |

        Comment

        • camgirlshide
          Confirmed User
          • Jan 2005
          • 1558

          #5
          ing direct 5/1 arm is 5.25% and their apy which takes into account the rate after it adjusts assuming you get the current rate for the next 25 years is 5.15%
          Closing cost is also very low making it a really nice deal depending on how long you plan on staying in your home, your current rate, and your feel for the market.
          Useful adult webmaster links -
          Alphabetical list of solo models with webcam
          Stats on my best converting affiliate programs - camgirlshide webmaster blog
          complete list of affiliate programs I use.

          Comment

          • Brad Gosse
            Confirmed User
            • Jan 2002
            • 2616

            #6
            My mortgage company is offering extremely good rates for home refinance in Canada.

            http://www.canadianmortgagerelief.com/
            Free Clipart

            Comment

            • FreeHugeMovies
              Too lazy to set a custom title
              • Dec 2001
              • 14141

              #7
              This has yet to be passed. It may be for first time home buyers only. Won't be for refi

              Comment

              • WebairGerard
                Confirmed User
                • Sep 2005
                • 8113

                #8
                Look around. I have found credit unions in NY area as low as 5.25% currently, even on Jumbos. again they vary from lender to lender but they are out there. I read in the NY Times that mid 4s are not out of the question in weeks ahead. time will tell.

                Comment

                • Andy CHOOPA
                  Confirmed User
                  • Jul 2008
                  • 1156

                  #9
                  I'm in the middle of a refinance for 5 and 3/8 and hoping it hits the 4.x # soon fingers crossed.
                  Andy Choopa
                  ICQ: 412-203-056
                  DUAL XEONS W/100 Mbps UNMETERED- $199/ month!!

                  Comment

                  • Sosa
                    In Tushy Land
                    • Oct 2002
                    • 40149

                    #10
                    Wish I could get some commercial rates at those rates.

                    Comment

                    • pornguy
                      Too lazy to set a custom title
                      • Mar 2003
                      • 62910

                      #11
                      Not allowing it for a refi is a HUGE fucking mistake and part of the problem. If they refi to that, they dont have to be foreclosed on.
                      PornGuy skype me pornguy_epic

                      AmateurDough The Hottes Shemales online!
                      TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!

                      Comment

                      • czarina
                        Webmaster Extraordinaire
                        • Jul 2002
                        • 10751

                        #12
                        if they lower the rate again, the dollar will plummet, and I will be soooooooooooo pissed!!!!!!!!!

                        Comment

                        • AmeliaG
                          Too lazy to set a custom title
                          • Jan 2003
                          • 10664

                          #13
                          Originally posted by Snake Doctor
                          The Fed is talking about buying up Ginnie Mae's to drive rates down to that level....I don't think it'll help the overall problem in housing though....which is excess supply.

                          That's just going to take a long time to work through.


                          The problem is not excess supply. The problem is that so many factors other than supply and demand have impacted home prices in recent years.

                          There was a bubble economy when everyone thought you couldn't lose in real estate. The bubble burst, because bubbles always burst. Only, for some reason, because it is homes, the government is all up in it. So nobody is lowering the prices on houses because they are all waiting for a bailout.

                          There are two houses on my block, which have been for sale for around $1.2 and $1.5 million for over a year. If I were charging $120 a month for a web site membership and nobody bought it for a year, I would lower the price. That is what the market would dictate. Only the market is not being permitted to operate normally, so these two houses remain the same price and unsold.
                          GFY Hall of Famer

                          AltStar Hall of Famer




                          Blue Blood's SpookyCash.com

                          Babe photography portfolio

                          Comment

                          • Barefootsies
                            Choice is an Illusion
                            • Feb 2005
                            • 42635

                            #14
                            The house I just closed on last month, I received 5% interest rate.

                            But it was through my credit union not a mortgage broker, or bank. The rates, and terms, they offered me were laughable.
                            Should You Email Your Members?

                            Link1 | Link2 | Link3

                            Enough Said.

                            "Would you rather live like a king for a year or like a prince forever?"

                            Comment

                            • WebairGerard
                              Confirmed User
                              • Sep 2005
                              • 8113

                              #15
                              Originally posted by Barefootsies
                              The house I just closed on last month, I received 5% interest rate.

                              But it was through my credit union not a mortgage broker, or bank. The rates, and terms, they offered me were laughable.
                              exactly what I have noticed thus far. Credit Unions have some great deals going. The banks even with bailout money are not even close to what I have found.

                              Comment

                              Working...