Mortgage Rates

[Da_Mtg_Man]

The 30 yr fixed rate opened today at 4.875%. If you are anywhere in the 6's or higher then it may be in your best interest to contact me NOW.

[superstar]

was told that it could drop to around 4.5 by early next week.    . My question is,,, how long will they keep it there.

[Da_Mtg_Man]

I don't see it staying this low for to long and it can't go much lower or else the fed would be giving money away at a loss. My professional opinion is that it won't go below 4 1/2. Then again, I knew the housing market would drop drastically but never thought it would get this bad.

[550superquad]

what is the average % for a loan orig fee ??
mortage broker fee ??
processing fee ??


for a $ 170,000 re-finance

i'm confused as hell  :dunno.gif

[Turboderf]

Whoo Hoo   drop baby drop    <nanaparty>

[gery350]

or else the fed would be giving money away at a loss.

yeah they dont have a problem doing that. just look at all the bailouts and govt programs.
i may just be a candidate for a refi.
waiting for them to "give money away at a loss" to me.

[cheropride]

The 30 yr fixed rate opened today at 4.875%. If you are anywhere in the 6's or higher then it may be in your best interest to contact me NOW.

All I can say, is damn!!! Never heard of...  I really didn't think the rates would fall, hoping they would, but wow that has to be a record low, has to be....

[Da_Mtg_Man]

The 30 yr fixed rate opened today at 4.875%. If you are anywhere in the 6's or higher then it may be in your best interest to contact me NOW.

All I can say, is damn!!! Never heard of...  I really didn't think the rates would fall, hoping they would, but wow that has to be a record low, has to be....

During the refi boom in 03 they got down to 4.875 but the 10 yr yield never got as low as it is today.

[TRX450R_Racer]

My mortgage is 3.87%.

[Da_Mtg_Man]

Either you bought the rate down or it's an adjustable and you would have got that mortgage sometime in 2003.

[TRX450R_Racer]

Mine fixed and I got it in the mid 90s.

[trx#9]

My mortgage is 3.87%.

It will go that low again.

[Da_Mtg_Man]

Mine fixed and I got it in the mid 90s.

Check your papers, There's never been a fixed rate in the 3's. I'm curious to know what you've got. Call, or PM me

[TRX450R_Racer]

Mine fixed and I got it in the mid 90s.

Check your papers, There's never been a fixed rate in the 3's. I'm curious to know what you've got. Call, or PM me

K

[550superquad]

what is the average % for a loan orig fee ??
mortage broker fee ??
processing fee ??


for a $ 170,000 re-finance

i'm confused as hell  :dunno.gif

nobody can help 

[Bleedsblue]

what is the average % for a loan orig fee ??
mortage broker fee ??
processing fee ??


for a $ 170,000 re-finance

i'm confused as hell  :dunno.gif

I'd be curious to see this as well. Over the past few months I've tried and was looking at $10k in closing costs due to lenders advertising lower rates that included paying down points.

Bill

[550superquad]

yea i was hoping damtgman would chime in 

[Da_Mtg_Man]

what is the average % for a loan orig fee ??
mortage broker fee ??
processing fee ??


for a $ 170,000 re-finance

i'm confused as hell  :dunno.gif

nobody can help 

Somethings going on here. I replied to this just minutes after you posted it and it's not there. In a nutshell what i said is that alot of loans can be done with no origination or broker fee. Most lenders have a processing fee of around $395, I've seen them as high as $750 but thats not common. I'll PM you my number and we can talk about it in detail.

[Da_Mtg_Man]

what is the average % for a loan orig fee ??
mortage broker fee ??
processing fee ??


for a $ 170,000 re-finance

i'm confused as hell  :dunno.gif

I'd be curious to see this as well. Over the past few months I've tried and was looking at $10k in closing costs due to lenders advertising lower rates that included paying down points.

Bill

The rate I mentioned is the rate that is posted every morning on the local news. Now, closing costs will fluctuate depending on the loan amount. 10k is outrageous unless you have a 500k + loan amount. Shoot me your number and we'll figure it out.

[garym]

hope your business is picking up...I have heard things are clicking agin!!

[BeReasonable]

I have heard that even people with great credit are having trouble getting mortgages. Is this true?

[Da_Mtg_Man]

guidelines have definitely tighten up but there are still loans up to 97% ltv (FHA)  and 95% (Fannie Mae) on a primary residence.