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if you've recently gotten a 30 year fixed mortgage...please help!

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MrsFlatbread
Skinny jeans are in my future

Member since 6/06

10258 total posts

Name:
Baby Momma

Re: if you've recently gotten a 30 year fixed mortgage...please help!

30 year fixed 6.2% first week in March. They were 6.35 the week before. We have excellent credit and no points.

Posted 4/11/07 3:15 PM
 
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Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: if you've recently gotten a 30 year fixed mortgage...please help!

Posted by kerrycec03

Posted by MrsRivera

Posted by Beth1210

I can ask my husband later is you buying OOS is making a difference???



Could very well be...DH did say that it could be the fact that our mortgage will only be $245,000, and not much more like it would be here.



not really because we only mortgaged $252,000 which is almost the same as $245,000 when you look into monthly payments.



I didn't the amount would have anything to do with it

I just sent Jake a quick email asking him- he should get back to me soon on it

Posted 4/11/07 3:28 PM
 

lilacwine
only love...

Member since 5/05

2034 total posts

Name:
<3

Re: if you've recently gotten a 30 year fixed mortgage...please help!

link

Posted 4/11/07 3:51 PM
 

NJmom
.

Member since 8/05

4987 total posts

Name:

Re: if you've recently gotten a 30 year fixed mortgage...please help!

i just got rate quotes about 2 weeks ago and they ranged from 6.0 to 6.25 with no fees.

Posted 4/11/07 3:54 PM
 

cjik
Welcome 2010!

Member since 2/06

8879 total posts

Name:

Re: if you've recently gotten a 30 year fixed mortgage...please help!

The rates have been mostly in the 6.0 to 6.25 range, but I know DH told me they went up earlier this week. We've been watching them and they've been going up and down each week, though not tremendously.

I would call a few banks and see if you can get other estimates. That could be the going rate these days. We're meeting our broker tomorrow night, so I can let you know what she quotes us.

Posted 4/11/07 4:01 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: if you've recently gotten a 30 year fixed mortgage...please help!

From the Desk of my DH

Some times there are add on for other states especially if it’s a high default area it should not be a big difference though 1/8 of a point tops a ¼

he thinks you should try elsewhere

Posted 4/11/07 4:31 PM
 

Nicole728
My Happy Girl

Member since 7/06

8198 total posts

Name:
Me

Re: if you've recently gotten a 30 year fixed mortgage...please help!

ours is 6.375% in Dec
05

Posted 4/11/07 4:57 PM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: if you've recently gotten a 30 year fixed mortgage...please help!

5.875% in Dec 06

I would shop around.

Posted 4/11/07 6:41 PM
 

wp
5 years!!!!

Member since 6/05

1932 total posts

Name:
C

Re: if you've recently gotten a 30 year fixed mortgage...please help!

5.75% in September '05

Posted 4/11/07 7:40 PM
 

wcs3504
my boys

Member since 2/06

2506 total posts

Name:
Wanda (formerly cw0904 on LIW)

Re: if you've recently gotten a 30 year fixed mortgage...please help!

5.875% locked in 12/06 with no points and no origination fees.

Posted 4/11/07 9:20 PM
 

MrsBlueSash
Love my sailor

Member since 6/05

5793 total posts

Name:
Christian

Re: if you've recently gotten a 30 year fixed mortgage...please help!

I just read this article on CNNMoney:

Mortgage rates move on up

Longer-term rates see biggest increase, helped by stronger-than-expected employment reading.
April 12 2007: 12:52 PM EDT


NEW YORK (CNNMoney.com) -- Mortgage rates climbed across the board in the latest week, with longer-term loans seeing the biggest increases, Freddie Mac said Thursday, citing last week's report of unexpected strength in the labor market.

The average rate on 30-year fixed-rate loans climbed to 6.22 percent for the week ending April 12, from 6.17 percent the previous week, the mortgage finance firm said. Last year at this time, 30-year mortgage rates averaged 6.49 percent.

"Interest rates in general ticked up following the release of the March employment data, which showed stronger job growth than what the market expected," Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement. "This brought interest rates on 30-year fixed-rate mortgages back up this week to match the first-quarter average.

Nothaft also noted that mortgage refinancing still remains strong as the 30-year rate has held below 6.5 percent since last August.

The rate on 15-year loans rose to an average 5.90 percent from 5.87 percent the previous week, Freddie Mac said. A year ago, the 15-year rate averaged 6.14 percent.

Five-year adjustable-rate mortgages climbed to 5.93 percent from 5.92 percent the prior week. The five-year ARM averaged 6.11 percent a year ago.

The average one-year adjustable-rate mortgage averaged 5.47 percent, up from 5.44 percent the previous week. At this time last year, the loan averaged 5.61 percent.

Posted 4/12/07 1:15 PM
 
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