 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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| Qarl |
Mar 11 2004, 08:01 AM
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Shriveled member Group: Benefactors Posts: 5,233 Joined: 8-February 03 From: Florida Member No.: 271 Region Association: None |
I already have the construction loan set up.
Construction is almost over. Now it's time to finalize and convert the loan. We are in the time frame to lock in the rate 45 days before closing. We are ahead of schedule by 2-3 weeks. We can either lock in now, or lock in a maximum of 2-3 weeks from now when we were due to lock it in. I'm just trying to figure out when to make the move. Is it about as good as it's going to get now, or should we chance it and see if we can drop another 1/8 to 1/4 point? |
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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 TROJANMAN in the next week? i think rates will rise an 1/8 ... Mar 11 2004, 01:34 AM GWN7 I remember signing a morgage for 17% and was glad ... Mar 11 2004, 02:06 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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