Current Morgage Rates

Gohabsgo_IHB

Gohabsgo_IHB

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Based on current conditions, what is the interest rate a Great buyer is expected to pay on a mortgage.



Here's the scenario: 20% down, < 28% DTI, <36% total DTI.



What about if the loan is less than $417, $417-$729, and over $729?
 
[quote author="Roo" date=1258004018]Based on current conditions, what is the interest rate a Great buyer is expected to pay on a mortgage.



Here's the scenario: 20% down, < 28% DTI, <36% total DTI.



What about if the loan is less than $417, $417-$729, and over $729?</blockquote>


<a href="http://www.fatwallet.com/forums/finance/788032/">Fatwallet discussion</a> may help
 
There's quite a bit missing still - property type for one, length of lock for another. In general loan rates for sub $417k loans are only .125% lower than those above $417k.



Almost all lenders are now sub 5.0% with reasonable points for a SFD loan locked for 45 days. In order to get specifics you'd have to get a Good Faith Estimate from your lender. Please note that about 40% of all lenders repriced for the worse on Tuesday as the second leg of the Treasury's auctions did not spark a great deal of enthusiasm. The Bond Market is closed for Veterans Day so rate quotes today are tenuous at best to tell if rates will worsen tomorrow.



You'll find most lenders are about .125% in rate different from each other. The key is follow through, closing time lines, and other non-$$$ issues that impact your ability to close in greater force than simply a realatively small rate differential.



My .02c



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