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raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
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the rates keep going up and we're not locked in yet
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Posted 8/3/05 6:52 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: the rates keep going up and we're not locked in yet
WHy don't you lock in now then... since you have less than 2 weeks to go?
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| Posted 8/3/05 6:58 PM |
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raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
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Re: the rates keep going up and we're not locked in yet
the attorney said to hold off for right now, I guess just in case it gets postponed longer. The sellers want to try and close on this house and their new house as close together as possible. They were already supposed to close last week, but it didn't happen..
I told the attorney to please let me know asap so we can lock in
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| Posted 8/3/05 7:10 PM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: the rates keep going up and we're not locked in yet
i would lock in anyway. 
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| Posted 8/3/05 8:23 PM |
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KaRiSsA
~*~*~*~*~*~*~
Member since 5/05 4646 total posts
Name:
KARISSA
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Re: the rates keep going up and we're not locked in yet
We locked in and our closing got extended. We paid a fee to extend the locked rate and kept that rate. It was a few hundred $ to keep the rate a bit longer but worth it in the long run.
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| Posted 8/4/05 8:35 AM |
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KaRiSsA
~*~*~*~*~*~*~
Member since 5/05 4646 total posts
Name:
KARISSA
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Re: the rates keep going up and we're not locked in yet
What is the going rate anyway?
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| Posted 8/4/05 8:35 AM |
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ckdk
My girls
Member since 5/05 7027 total posts
Name:
Cheryl
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Re: the rates keep going up and we're not locked in yet
Posted by KaRiSsA
We locked in and our closing got extended. We paid a fee to extend the locked rate and kept that rate. It was a few hundred $ to keep the rate a bit longer but worth it in the long run.
same here. I would lock in now, the rates are good for 30 days.
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| Posted 8/4/05 9:01 AM |
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Bebalina
<3
Member since 6/05 2922 total posts
Name:
N
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Re: the rates keep going up and we're not locked in yet
what is the rate currently?
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| Posted 8/4/05 9:20 AM |
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raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
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Re: the rates keep going up and we're not locked in yet
it will be about 5.9%
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| Posted 8/4/05 10:31 AM |
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KaRiSsA
~*~*~*~*~*~*~
Member since 5/05 4646 total posts
Name:
KARISSA
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Re: the rates keep going up and we're not locked in yet
What was it before it started going up? Ours is 5.8%
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| Posted 8/4/05 10:32 AM |
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Bebalina
<3
Member since 6/05 2922 total posts
Name:
N
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Re: the rates keep going up and we're not locked in yet
oh wow 5.9 is great!
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| Posted 8/4/05 10:36 AM |
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sasha96
lovin' my 2 little ladies!
Member since 5/05 7401 total posts
Name:
Julianne
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Re: the rates keep going up and we're not locked in yet
when is your on our about date? your lock in would be for 30 days and you could always extend it for $. lawyers like for you to wait so you don't have to worry about it running out just before closing. they feel brokers try to lock in you so quickly to secure your business. you need to do what you are comfortable with. discuss with your broker your contract dates.
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| Posted 8/4/05 3:10 PM |
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raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
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Re: the rates keep going up and we're not locked in yet
the mtg broker wants to wait because she sees it happen to so many people, that they get locked in, and then they dont close within the 30 days..
it started at 5.625 now its around 5.9.. i know its not huge, but it will be a lot for us.
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| Posted 8/4/05 3:15 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: the rates keep going up and we're not locked in yet
You should have found a bank that would give you more than a 30 day rate lock.
I had a 90 day rate lock from Chase.
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| Posted 8/4/05 4:39 PM |
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