 OT: Mortgage Interest Rates, What's gonna happen over next 2-3 weeks |
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| Qarl |
 Mar 10 2004, 09:14 PM
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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 |
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| TROJANMAN |
Mar 11 2004, 01:34 AM
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Looks nice in pictures......... Group: Members Posts: 5,271 Joined: 5-March 04 From: Colorado Member No.: 1,753 Region Association: None |
in the next week? i think rates will rise an 1/8 to a 1/4. (IMG:style_emoticons/default/huh.gif)
however, the economic outlook is not looking so bright, so we may see another dip. right now, though, there is a big difference in price (to the banks) between 5.25 and 5.125 (30 yr rates). this tells me that a larger drop is not likely to happen soon. the banks are going to take in a little more profit before they lower their rates again. my hunch is that 30 yr rates will stay low and not go above 5.75 before i can get my 914 out of the shop. (IMG:style_emoticons/default/wink.gif) FYI: lowest rate i issued on a 30 yr note (in last 12 months) was 4.75% - no points My Webpage remember: we let you lock in a rate today and still float down if rates get better. mark, let me know if one of your clients might need financing (IMG:style_emoticons/default/smile.gif) |
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Posts in this topic
Qarl OT: Mortgage Interest Rates Mar 10 2004, 09:14 PM
anthony Nobody can tell you what rates will do unless they... Mar 10 2004, 09:40 PM MarkV The rate is lower than I have ever seen it. I got ... Mar 10 2004, 09:45 PM anthony I'm going to refi soon with a 4.6% loan (15 ye... Mar 10 2004, 09:55 PM TROJANMAN actually, the mortgage rates are more closely tied... Mar 10 2004, 09:56 PM MarkV Trojan would know better than me, I just list & se... Mar 10 2004, 10:10 PM Rob Ways Aimloan.com has been great. You can look up their ... Mar 10 2004, 10:35 PM p914 5.25 is a great rate. I got a new house this past... Mar 10 2004, 11:30 PM GWN7 I remember signing a morgage for 17% and was glad ... Mar 11 2004, 02:06 AM Qarl I already have the construction loan set up.
Co... Mar 11 2004, 08:01 AM joea9146 Timing the market is a tough thing to do. I say if... Mar 11 2004, 08:06 AM
rhodyguy greg, i will be calling you this am. wells fargo (... Mar 11 2004, 08:40 AM |
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