30 year Mortage Rates drop below 5% - GoFuckYourself.com

spunkmaster · 12-02-2008, 01:08 AM

Homeowners will soon be able to refinance 59 percent of all mortgages outstanding, likely making convexity hedging an ongoing issue, wrote Fidelio Tata, head of derivatives strategy at RBS Greenwich capital in Greenwich, Connecticut. With yields on 30-year current coupon securities dipping below 4.90 percent, mortgages with a 5.5 percent interest rate are now able to be refinanced, while those with a 5 percent rate will soon be eligible, he wrote.

Horny Joe · 12-02-2008, 01:10 AM

I read that interest rate in Norway may be as low as 3.5% within september-09. Good stuff!

weekly · 12-02-2008, 01:10 AM

never ever get one of those mortgages. Get a variable prime based mortgage and you can lock it in if you see the rates going up.

Kard63 · 12-02-2008, 01:31 AM

www.bankrate.com says its 5.75%

spunkmaster · 12-02-2008, 01:51 AM

Bankrate is a two day average. They will be under 5% on Wednesday !

12-02-2008, 01:08 AM	#1
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	30 year Mortage Rates drop below 5% Homeowners will soon be able to refinance 59 percent of all mortgages outstanding, likely making convexity hedging an ongoing issue, wrote Fidelio Tata, head of derivatives strategy at RBS Greenwich capital in Greenwich, Connecticut. With yields on 30-year current coupon securities dipping below 4.90 percent, mortgages with a 5.5 percent interest rate are now able to be refinanced, while those with a 5 percent rate will soon be eligible, he wrote. __________________

12-02-2008, 01:10 AM	#2
Horny Joe Confirmed User Industry Role: Join Date: Jul 2004 Location: Online Posts: 2,661	I read that interest rate in Norway may be as low as 3.5% within september-09. Good stuff! __________________ The Very Best Teen Content! Make $$$$ - Join DIESEL ACTION for Great Teen content

12-02-2008, 01:31 AM	#4
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	www.bankrate.com says its 5.75% __________________

12-02-2008, 01:51 AM	#5
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	Bankrate is a two day average. They will be under 5% on Wednesday ! __________________

12-02-2008, 01:10 AM	#3
weekly So Fucking Banned Join Date: Dec 2005 Posts: 1,785	never ever get one of those mortgages. Get a variable prime based mortgage and you can lock it in if you see the rates going up.