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BabyAvocado
Happy New Year
Member since 5/05 17334 total posts
Name:
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What's a good interest rate right now?
Anybody refinancing or closing with a good rate right now? I heard rates just went up about 3/4 of a point - is that right?
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Posted 9/24/05 9:47 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
-Laurie-
Hi!
Member since 5/05 2536 total posts
Name:
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Re: What's a good interest rate right now?
We are in the middle of a refi.
We have been floating a 6% for the past week 30 year convential -cash out, no points, no downpayment.. interest only 10 year without a prepayment penalty and really low lending fees through Countrywide.
Greenspan has raised the prime rate twice this week and there has been no real flucuations.
I'm holding till monday to see if anything happens post Rita and if not just locking. I can't deal with the game anymore.
That's for Florida
Message edited 9/24/2005 1:24:43 PM.
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| Posted 9/24/05 1:22 PM |
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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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Re: What's a good interest rate right now?
anything around 6% or less is a good deal right now.
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| Posted 9/24/05 2:28 PM |
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DebG
Pick a cause & stand up for it
Member since 5/05 18602 total posts
Name:
The cure IS worse!
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Re: What's a good interest rate right now?
we are closing on thursday for our re-fi..I shopped for months and I am glad I did! We are closing at 5.375% on a 30 year conventional, cash out, no prepayment penalty loan.
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| Posted 9/25/05 2:31 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: What's a good interest rate right now?
I locked in at 5.375% 30yr fixed 0 points a couple of days ago.
I dont see any idication that rates all of a sudden jumped up 3/4 of a point.
Message edited 9/25/2005 2:45:37 PM.
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| Posted 9/25/05 2:45 PM |
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DebG
Pick a cause & stand up for it
Member since 5/05 18602 total posts
Name:
The cure IS worse!
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Re: What's a good interest rate right now?
Posted by DjPiLL
I locked in at 5.375% 30yr fixed 0 points a couple of days ago.
I dont see any idication that rates all of a sudden jumped up 3/4 of a point.
did you lock before this past tuesday?
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| Posted 9/25/05 2:49 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: What's a good interest rate right now?
Posted by DebG
Posted by DjPiLL
I locked in at 5.375% 30yr fixed 0 points a couple of days ago.
I dont see any idication that rates all of a sudden jumped up 3/4 of a point.
did you lock before this past tuesday?
My broker was able to pull 5.375% with a 60day rate lock on Thursday or Friday (I forget what day) with Bank of America.
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| Posted 9/26/05 2:57 AM |
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Bebalina
<3
Member since 6/05 2922 total posts
Name:
N
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Re: What's a good interest rate right now?
ours is locked in at 6% paying one pt, and we did a no doc. mortgage.
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| Posted 9/26/05 9:53 AM |
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-Laurie-
Hi!
Member since 5/05 2536 total posts
Name:
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Re: What's a good interest rate right now?
I locked at my 6% refi this morning before the rates went up this morning around 10ish.
Message edited 9/26/2005 1:43:19 PM.
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| Posted 9/26/05 1:16 PM |
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Texas4Good
My Boys
Member since 6/05 1019 total posts
Name:
Anne
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Re: What's a good interest rate right now?
I have seen right now anywhere between 5.375 to 5.5 %.
We are closing soon a house in Texas and we locked in at 5% with Wells Fargo.
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| Posted 9/26/05 1:33 PM |
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-Laurie-
Hi!
Member since 5/05 2536 total posts
Name:
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Re: What's a good interest rate right now?
Posted by Texas4Good
I have seen right now anywhere between 5.375 to 5.5 %.
We are closing soon a house in Texas and we locked in at 5% with Wells Fargo.
Were are you looking that your seeing rates like that right now?? I have only seen rates like that for ARMS or after buying ALOT of Points.
Best of Luck on your closing! Where in Texas..?
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| Posted 9/26/05 1:44 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: What's a good interest rate right now?
Posted by -Laurie-
Posted by Texas4Good
I have seen right now anywhere between 5.375 to 5.5 %.
We are closing soon a house in Texas and we locked in at 5% with Wells Fargo.
Were are you looking that your seeing rates like that right now?? I have only seen rates like that for ARMS or after buying ALOT of Points.
Best of Luck on your closing! Where in Texas..?
http://www.bankrate.com
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| Posted 9/26/05 1:47 PM |
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