Irvinecommuter
New member
LiefinIrvine said:
Serious jumps the last couple of days though. Interestingly enough, Jumbo and conforming loans have the same rates.
How low can we go? 30 yr fixed at 3.75% with no fees...
- Thread starter ps99472
- Start date
Serious jumps the last couple of days though. Interestingly enough, Jumbo and conforming loans have the same rates.
usctrojancpa
Well-known member
Probably means that the mortgage spreads to treasuries have compressed.Irvinecommuter said:
sgip
Well-known member
The 4.42 number is from the Freddie Mac Weekly Survey.
http://www.freddiemac.com/pmms/
Which is data from a week prior. It's also assuming .70 in lender fees.
The 2.78 10 year is present day.
I'd expect the weekly average next week to be around 4.50%, rising to 4.6 by September 1 - still with .70 in fee which means real rates with zero points are about .125% higher.
http://www.freddiemac.com/pmms/
Which is data from a week prior. It's also assuming .70 in lender fees.
The 2.78 10 year is present day.
I'd expect the weekly average next week to be around 4.50%, rising to 4.6 by September 1 - still with .70 in fee which means real rates with zero points are about .125% higher.
quattroporte
New member
10 Year Ts just touched 2.87
Irvinecommuter
New member
Looks like the march to 3 for the treasury is on...just hit 2.9.
Irvinecommuter
New member
the yield on the 10 year treasure has reached the 3.00 mark....best performing is probably somewhere around 4.8 today...which mean the average borrowers are going to get a 5+% interest.
Irvinecommuter
New member
test said:
No tapering! Gold jumped 56 points.
Treasury Yields Plunge To 7-Week Lows
http://www.zerohedge.com/news/2013-09-24/treasury-yields-plunge-7-week-lows
http://www.zerohedge.com/news/2013-09-24/treasury-yields-plunge-7-week-lows
usctrojancpa
Well-known member
30-year rates should be around 4% now.
ps99472
New member
5/1 ARM Jumbo 2.625% 60%LTV but WITH $5,262 in lender credit. Enough for free refi and maybe a nice weeks vacation or cruise left over. Worth it to run my house thru the wash again? Monthlies would be the same. Not sure if impounds required.
Would it seem fishy to the bank to refi from 2.5% to 2.625%?
Would it seem fishy to the bank to refi from 2.5% to 2.625%?
adventurous
New member
Noone can say for sure. I can guess, but I wouldn't bet my money on it.Logik said:
sgip
Well-known member
Those 2.875% "True Jumbo" 5/1 ARM rates are legitimate and you can get them from brick and mortar banks as well. Here's the difficulty:
1) Does a 760 credit score get me that rate? Perhaps not.
2) Is less than 24 months of cash reserves gonna get me that rate? Perhaps not.
3) Attached properties work at 2.875%? No, not at this time.
4) Want to pay your taxes and insurance on your own? Sorry, not at that 2.875% rate. How's 3.125%?
It takes a lot of weaving in and out while jumping up and down, like a running back heading down field against a strong defense for a borrower to get a rate like what's posted on line. These unbelievable terms exist, but not everyone has the superstar credentials to get them.
PS - Don't expect many of these refi-heavy lenders to stick around much longer. Case in point: CashCall filed a WARN notice with the State regarding 700+ workers to get the boot in December. Expect some of the others (GreenLight, Provident, etc) to do the same pretty soon.
My .02c
1) Does a 760 credit score get me that rate? Perhaps not.
2) Is less than 24 months of cash reserves gonna get me that rate? Perhaps not.
3) Attached properties work at 2.875%? No, not at this time.
4) Want to pay your taxes and insurance on your own? Sorry, not at that 2.875% rate. How's 3.125%?
It takes a lot of weaving in and out while jumping up and down, like a running back heading down field against a strong defense for a borrower to get a rate like what's posted on line. These unbelievable terms exist, but not everyone has the superstar credentials to get them.
PS - Don't expect many of these refi-heavy lenders to stick around much longer. Case in point: CashCall filed a WARN notice with the State regarding 700+ workers to get the boot in December. Expect some of the others (GreenLight, Provident, etc) to do the same pretty soon.
My .02c