Mortgage Times

A lot of no change as usual. Maybe at the end of this year the fed will lower rates a bit. Inflation outside of energy prices is tame and housing will start to drag on the economy at some point.

[Agriv8r]

thank you....

[Interleukin]

I locked in a 30-year last week for 6.75%.

Was this a good move or bad???

When I did my mortgage estimate back in mid-April, I could have gotten a 30-year for 6.00% had we been within 30 days of closing.

That 0.75% is costing me and extra $250/mo....money that could be spent on Hummer upgrades.

[Adam in CO]

Originally Posted by Interleukin

I locked in a 30-year last week for 6.75%.

Was this a good move or bad???

When I did my mortgage estimate back in mid-April, I could have gotten a 30-year for 6.00% had we been within 30 days of closing.

That 0.75% is costing me and extra $250/mo....money that could be spent on Hummer upgrades.

6.75% seems high today. I am seeing things around 6.25-6.375 for FNMA 30 fixed deals.

[Interleukin]

my loan was a lender-paid mortgage insurance loan. don't those tend to be a little higher???

[Adam in CO]

Originally Posted by Steve - SanJose

A lot of no change as usual. Maybe at the end of this year the fed will lower rates a bit. Inflation outside of energy prices is tame and housing will start to drag on the economy at some point.

I'm inclined to agree, but that's been pretty typical inside of 12 mos. to a presidential election over the years.