OT: Mortgage Interest Rates, What's gonna happen over next 2-3 weeks |
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OT: Mortgage Interest Rates, What's gonna happen over next 2-3 weeks |
Qarl |
Mar 10 2004, 09:14 PM
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#1
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Shriveled member Group: Benefactors Posts: 5,233 Joined: 8-February 03 From: Florida Member No.: 271 Region Association: None |
Does anyone have any insight on where home mortgage rates are headed over the next 2-3 weeks?
We're getting to the point where we can lock in our rate on our new home. The market took a dump today. The February jobs report announced last week was worse than expected causing the interest rates to drop a bit this week Are we at the bottom, is it going to stay about the same... go down more or go up? Does anyone have any insight or know of some internet forums with some industry expert opinions. Thanks! Qarl |
p914 |
Mar 10 2004, 11:30 PM
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#2
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Senior Member Group: Members Posts: 518 Joined: 7-September 03 From: Sunny South Florida Member No.: 1,117 Region Association: None |
5.25 is a great rate. I got a new house this past summer and got 5.0 when it actually bottomed. Got lucky as I never have the timing to get something at rock bottom.. It is a standard 30 year fixed. Even had good luk with the lender and not having to fill out a lot of paperwork by using a stated income., Go for it. Try this site to monitor the latest rates.
http://www.countrywide.com/rates/todaysrat...OMER=0&tokenid= |
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