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So what do you think the feds will do with rates this week?
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apb17
My guys
Member since 5/06 2173 total posts
Name:
Alli
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So what do you think the feds will do with rates this week?
I would love to see them lower them again so I can refinance and save some $.
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Posted 1/27/08 8:12 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: So what do you think the feds will do with rates this week?
probably lower them- but remember that mortgage rates are more responsive to the bond market, not short term rates (unless you get a HELOC!)
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| Posted 1/27/08 8:13 AM |
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lakrav
LIF Infant
Member since 8/07 89 total posts
Name:
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Re: So what do you think the feds will do with rates this week?
I am hearing that we will see a .25-.50% drop. Some have said a .75% drop but I don't see that happening....as the last poster said...just because the prime drops there is not a direct drop in mortgage rates...this last drop atually seemed to raise rates a bit.
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| Posted 1/27/08 1:28 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: So what do you think the feds will do with rates this week?
Posted by lakrav
I am hearing that we will see a .25-.50% drop. Some have said a .75% drop but I don't see that happening....as the last poster said...just because the prime drops there is not a direct drop in mortgage rates...this last drop atually seemed to raise rates a bit.
did it raise rates? Three weeks ago the rates were at 6%, now you can get a conforming rate much lower.
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| Posted 1/27/08 4:04 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: So what do you think the feds will do with rates this week?
Posted by Blu-ize
Posted by lakrav
I am hearing that we will see a .25-.50% drop. Some have said a .75% drop but I don't see that happening....as the last poster said...just because the prime drops there is not a direct drop in mortgage rates...this last drop atually seemed to raise rates a bit.
did it raise rates? Three weeks ago the rates were at 6%, now you can get a conforming rate much lower.
rates keep dropping- they are closer to 5.25% now
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| Posted 1/27/08 4:50 PM |
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jandt2006
LIF Adult
Member since 8/05 1338 total posts
Name:
Teresa
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Re: So what do you think the feds will do with rates this week?
do you think rates will be lower in the summer?
eta: i would love to get 5% i wonder if that will happen soon. i currently have a 6.5 and a 6.875 second mortgage.
Message edited 1/27/2008 7:29:14 PM.
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| Posted 1/27/08 7:28 PM |
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