ps99472 said:Just got an email from my provident broker today for 30 yr at 3.75% with no fees.. conforming jumbo at 3.875% no fees.. wish I have a house to buy...
Basically across the board with small variations.IrvineRes said:Are these the rates across the board or jsut for Provident?
I think it's either at an all-time low or very close to it. Can rates go lower? Sure why. People were asking the same thing when rates touched 4% and I also said they could go lower.rkp said:is 3.75 the absolute lowest for 30 year fixed no points loan or is it possible to go lower?
I think mortgages in Japan can be had in the 2s so that means there's still some more room to move down.irvinehomeowner said:Isn't there a limit to how low it can go due to carrying costs? I remember SGIP threw out some numbers regarding that.
Yup, that's what my buyer is looking at.....maybe even a 3.375% rate depending on the cost. If you (or your realtor) ask, sometimes you do receive.homer_simpson said:3.5% with no closing costs??? :-\ Man!!!
Yeah, don't hold your breathe for that. Like I said....Japan 2.0 I can see the US 10-year bond get down to 1% to 1.50% in 2012.irvinehomeowner said:I'm with PS... no home that I like at a price I want... but hey... you're supposed buy when rates are double digits right?
USCTrojanCPA said:Yeah, don't hold your breathe for that. Like I said....Japan 2.0 I can see the US 10-year bond get down to 1% to 1.50% in 2012.irvinehomeowner said:I'm with PS... no home that I like at a price I want... but hey... you're supposed buy when rates are double digits right?
All depends on what happens in Europe. If Europe gets messy then we go below 1.50% for sure. The US Dollar and US Bonds are where people go when they are scared and/or crap is hitting the fan.qwerty said:USCTrojanCPA said:Yeah, don't hold your breathe for that. Like I said....Japan 2.0 I can see the US 10-year bond get down to 1% to 1.50% in 2012.irvinehomeowner said:I'm with PS... no home that I like at a price I want... but hey... you're supposed buy when rates are double digits right?
i dont know if rates will go that low, but i dont see rates going up any time in the next 5 years. unfortunately i dont think i can hold out that long to buy a house.
USCTrojanCPA said:I got a buyer into contract on a Freddie Mac REO and negotiated a 3% credit for closing costs. My buyer will use those points to buy down the rate to 3.50% (maybe as low as 3.25%) on a 30-year fixed conforming loan.
I wrote it into the original offer that I submitted to the REO bank (I always do that on REOs). They only countered on price and closing date (most other REO banks countered the credit down between $0 and 1%).rkp said:USCTrojanCPA said:I got a buyer into contract on a Freddie Mac REO and negotiated a 3% credit for closing costs. My buyer will use those points to buy down the rate to 3.50% (maybe as low as 3.25%) on a 30-year fixed conforming loan.
When did the 3% credit for closing come enter the negotiations? Do you write that in the initial offer or ask for it after opening escrow?