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BabyAvocado
Happy New Year
Member since 5/05 17334 total posts
Name:
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What's a good rate right now?
On a 30 yr fixed?
I know the feds just met... just went up again, right?
If you are currently shopping and don't mind sharing - what rate are you locked in at?
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Posted 8/10/07 2:23 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
melbalalala
Little Lady
Member since 5/07 5014 total posts
Name:
Melissa
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Re: What's a good rate right now?
Posted by BabyAvocado
On a 30 yr fixed?
I know the feds just met... just went up again, right?
If you are currently shopping and don't mind sharing - what rate are you locked in at?
The Fed held the rates..
We just bought in June and locked in at 6.25 <our prequal was like 5.8, it went up so fast!  wish we had locked in then and there!>
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| Posted 8/10/07 2:50 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: What's a good rate right now?
Teachers Federal Credit Union has 6.375 putting 20% down
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| Posted 8/10/07 2:57 PM |
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bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
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Re: What's a good rate right now?
6.375% no points on 30 yr. fixed.
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| Posted 8/10/07 2:59 PM |
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beanie571
:-P
Member since 5/07 2509 total posts
Name:
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Re: What's a good rate right now?
Posted by bicosi
6.375% no points on 30 yr. fixed.
Ditto - Just locked in this week.
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| Posted 8/10/07 3:00 PM |
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Dani00518
Gorgeous
Member since 5/05 2730 total posts
Name:
Danielle
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Re: What's a good rate right now?
Posted by beanie571
Posted by bicosi
6.375% no points on 30 yr. fixed.
Ditto - Just locked in this week.
Where did u find this rate?
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| Posted 8/10/07 3:15 PM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: What's a good rate right now?
I jsut locked in 6.325 with chase no points either....
Message edited 8/10/2007 3:21:00 PM.
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| Posted 8/10/07 3:20 PM |
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BabyAvocado
Happy New Year
Member since 5/05 17334 total posts
Name:
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Re: What's a good rate right now?
Great info - thanks everyone!!
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| Posted 8/10/07 4:52 PM |
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monters
Back in LI!
Member since 5/05 1525 total posts
Name:
Robyn
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Re: What's a good rate right now?
6.87 30year fixed Jumbo
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| Posted 8/10/07 5:59 PM |
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MrsT
Enjoying wedded bliss.....
Member since 4/06 1323 total posts
Name:
Katrina
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Re: What's a good rate right now?
6.5% with Chase (co-op though); locked today w/ no points
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| Posted 8/10/07 6:12 PM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: What's a good rate right now?
6.5% 30yr Fixed, no points
Locked in today
Message edited 8/22/2007 12:08:32 PM.
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| Posted 8/22/07 12:08 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: What's a good rate right now?
6.25% with Bethpage Federal Credit right now.
When the Feds meet again (possibly before their September meeting) they say they might cut rates again.
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| Posted 8/22/07 1:13 PM |
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Dani00518
Gorgeous
Member since 5/05 2730 total posts
Name:
Danielle
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Re: What's a good rate right now?
My broker just gave me a quote of 6.3....He says if we wait a bit to lock....he thinks we can get 6.25....for a 30 year fixed.
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| Posted 8/22/07 1:15 PM |
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Dani00518
Gorgeous
Member since 5/05 2730 total posts
Name:
Danielle
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Re: What's a good rate right now?
Posted by VickiC
6.25% with Bethpage Federal Credit right now.
When the Feds meet again (possibly before their September meeting) they say they might cut rates again.
This would be fabulous!
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| Posted 8/22/07 1:16 PM |
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riniko
LIF Toddler
Member since 3/06 486 total posts
Name:
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Re: What's a good rate right now?
I don't quite understand the whole mortgage process...
but suppose that I were to lock in a rate today at 6.25 and then rates drop to say 6.0 could I then change my rate? Or would I have to go to another bank/broker (assuming this is an option)?
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| Posted 8/22/07 2:15 PM |
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MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
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Re: What's a good rate right now?
Posted by riniko
I don't quite understand the whole mortgage process...
but suppose that I were to lock in a rate today at 6.25 and then rates drop to say 6.0 could I then change my rate? Or would I have to go to another bank/broker (assuming this is an option)?
The bank isn't going to do a rate adjustment just because the rates dropped. You would either have to go to another bank and lock with them or let your rate with the current lender expire and relock. It's a cr@p shoot....
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| Posted 8/22/07 2:25 PM |
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malone130
LIF Infant
Member since 10/06 126 total posts
Name:
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Re: What's a good rate right now?
For those of you who locked into a rate under 6.5%, What type of down payment are you putting down? Also, What type of mortgage are you getting? I am just wondering to compare my own situation. We have a 80/20 mortgage with 3 % down and 6.5% on the 30 year fixed.
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| Posted 8/22/07 2:43 PM |
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riniko
LIF Toddler
Member since 3/06 486 total posts
Name:
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Re: What's a good rate right now?
Posted by malone130
For those of you who locked into a rate under 6.5%, What type of down payment are you putting down? Also, What type of mortgage are you getting? I am just wondering to compare my own situation. We have a 80/20 mortgage with 3 % down and 6.5% on the 30 year fixed.
I think another factor is if the loan is a Jumbo loan (> 417k)
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| Posted 8/22/07 3:28 PM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: What's a good rate right now?
Posted by malone130
For those of you who locked into a rate under 6.5%, What type of down payment are you putting down? Also, What type of mortgage are you getting? I am just wondering to compare my own situation. We have a 80/20 mortgage with 3 % down and 6.5% on the 30 year fixed.
Another factor someone might get a better rate is, there are many programs out there for lower interest rates, but you have to qualify and make under a certain salary and there is a cap. of the amount you are borrowing from the lender
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| Posted 8/22/07 3:33 PM |
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Dani00518
Gorgeous
Member since 5/05 2730 total posts
Name:
Danielle
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Re: What's a good rate right now?
Posted by malone130
For those of you who locked into a rate under 6.5%, What type of down payment are you putting down? Also, What type of mortgage are you getting? I am just wondering to compare my own situation. We have a 80/20 mortgage with 3 % down and 6.5% on the 30 year fixed.
We are mortgaging 417K and put down about 12%. We are getting a 30 year fixed.
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| Posted 8/22/07 3:59 PM |
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Eleanor
LIF Adult
Member since 2/06 2223 total posts
Name:
Ellie
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Re: What's a good rate right now?
Posted by riniko
I don't quite understand the whole mortgage process...
but suppose that I were to lock in a rate today at 6.25 and then rates drop to say 6.0 could I then change my rate? Or would I have to go to another bank/broker (assuming this is an option)?
ask your lender for a float down when you lock. We negotiated for 2 float downs (someone misspoke about a rate, that's how we got the second) and we used it once (didn't get a chance to use the second one.)
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| Posted 8/22/07 4:23 PM |
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