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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Waiting to lock in mortgage rate?
I knew there were a few of us on here waiting to lock... Seems like we got a bit screwed on friday huh? I was away for the weekend and came back to see that rates went up... Bit depressing... Should have locked and then floated down if necessary 
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Posted 10/11/09 9:46 PM  |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: Waiting to lock in mortgage rate?
rates went down again, where did you see them go up?
i spoke to my broker yesterday and we are down another .125
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| Posted 10/11/09 9:55 PM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: Waiting to lock in mortgage rate?
Posted by snowflake08
rates went down again, where did you see them go up?
i spoke to my broker yesterday and we are down another .125
Wells Fargo went up... Conventional 4.875 to 5 and FHA 5 to 5.5 ... We're doing FHA so that means we should be at 5.75 now (loan officer said usually to add .25 onto those numbers since we're not paying 1 pt)... We were at 5.25 for the longest time... Blahh... Well, we'll find out on tues exactly just how much damage...
What bank are you working with?
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| Posted 10/11/09 10:29 PM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Re: Waiting to lock in mortgage rate?
DH and I locked in our rate last week (as we didn't want to have to watch the rates everyday).
If we didn't, however, there would have been a clause in the agreement that it could only go up .2 max from the date we started the floating rate. Do you have this?
Message edited 10/12/2009 8:52:44 AM.
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| Posted 10/12/09 8:52 AM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: Waiting to lock in mortgage rate?
Alright... I was able to lock in at 5.375... not the 5.25 that I had before that held steady all last week but still very good... Adds $20 more a month, which is better than the $100 we thought we were getting hit with 
Lock asap girls...
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| Posted 10/12/09 3:41 PM |
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brassmunky
LIF Adult
Member since 6/08 1163 total posts
Name:
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Re: Waiting to lock in mortgage rate?
just locked at 5.25 today!
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| Posted 10/14/09 8:19 PM |
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brassmunky
LIF Adult
Member since 6/08 1163 total posts
Name:
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Re: Waiting to lock in mortgage rate?
and your post had a lot to do with it. thanks!!!!
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| Posted 10/14/09 8:19 PM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: Waiting to lock in mortgage rate?
Posted by dewdrop
and your post had a lot to do with it. thanks!!!!
no problemo! Ive been reading a blog about the rates for a couple weeks now and all last week they were saying to lock... so of course i didnt listen...but thankfully not much damage was done... the blogger seems to think they are just going to continue upwards... glad i could help! but dont shoot me if they go way down LOL
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| Posted 10/14/09 8:48 PM |
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brassmunky
LIF Adult
Member since 6/08 1163 total posts
Name:
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Re: Waiting to lock in mortgage rate?
Posted by MaZz
Posted by dewdrop
and your post had a lot to do with it. thanks!!!!
no problemo! Ive been reading a blog about the rates for a couple weeks now and all last week they were saying to lock... so of course i didnt listen...but thankfully not much damage was done... the blogger seems to think they are just going to continue upwards... glad i could help! but dont shoot me if they go way down LOL
that's great! what;s the blog?
if they do go down, we can put money down to lock that rate it, either way, it all gets credited towards the closing costs.
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| Posted 10/14/09 8:50 PM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: Waiting to lock in mortgage rate?
Posted by dewdrop
Posted by MaZz
Posted by dewdrop
and your post had a lot to do with it. thanks!!!!
no problemo! Ive been reading a blog about the rates for a couple weeks now and all last week they were saying to lock... so of course i didnt listen...but thankfully not much damage was done... the blogger seems to think they are just going to continue upwards... glad i could help! but dont shoot me if they go way down LOL
that's great! what;s the blog?
if they do go down, we can put money down to lock that rate it, either way, it all gets credited towards the closing costs.
Blog
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| Posted 10/14/09 8:52 PM |
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EJCLJ01
LIF Infant
Member since 8/08 213 total posts
Name:
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Re: Waiting to lock in mortgage rate?
We also just locked in with Wells Fargo, but earlier this week at 4.875.
We are closing this friday on our re-fi.
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| Posted 10/15/09 11:38 AM |
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Sparkyandang
LIF Adolescent
Member since 5/08 766 total posts
Name:
Ang
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Re: Waiting to lock in mortgage rate?
Posted by MaZz
Alright... I was able to lock in at 5.375... not the 5.25 that I had before that held steady all last week but still very good... Adds $20 more a month, which is better than the $100 we thought we were getting hit with
Lock asap girls...
that's exactly what my rate is for an FHA..but not Wells. i have Citi. I closed very end of Aug.
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| Posted 10/15/09 4:36 PM |
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miguelito
LIF Zygote
Member since 2/09 6 total posts
Name:
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Re: Waiting to lock in mortgage rate?
4.875? I assume that you are paying for points with this rate? If not, who is giving you this rate? It's really low!
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| Posted 10/16/09 9:53 PM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: Waiting to lock in mortgage rate?
Posted by miguelito
4.875? I assume that you are paying for points with this rate? If not, who is giving you this rate? It's really low!
thats a re-fi... they have lower rates...
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| Posted 10/17/09 12:46 PM |
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