mortgage rates 4.5% ? - GoFuckYourself.com

Kard63 · 12-09-2008, 11:13 PM

I heard on tv rates are 5.25% on a 30 year fixed and might get down to 4.5%. From what I see on the net rates are not currently 5.25%. Anyone else know whats up?

Snake Doctor · 12-09-2008, 11:21 PM

The Fed is talking about buying up Ginnie Mae's to drive rates down to that level....I don't think it'll help the overall problem in housing though....which is excess supply.

That's just going to take a long time to work through.

stevo · 12-09-2008, 11:50 PM

They're "talking" about it.

But its only for new mortgages, not refinancing.

GetSCORECash · 12-10-2008, 05:25 AM

If this works I see my few good renters buy homes, as 4.5% will allow them to pay less then what I'm chargeing.

camgirlshide · 12-10-2008, 05:31 AM

ing direct 5/1 arm is 5.25% and their apy which takes into account the rate after it adjusts assuming you get the current rate for the next 25 years is 5.15%
Closing cost is also very low making it a really nice deal depending on how long you plan on staying in your home, your current rate, and your feel for the market.

Brad Gosse · 12-10-2008, 07:47 AM

My mortgage company is offering extremely good rates for home refinance in Canada.

http://www.canadianmortgagerelief.com/

FreeHugeMovies · 12-10-2008, 09:29 AM

This has yet to be passed. It may be for first time home buyers only. Won't be for refi

WebairGerard · 12-10-2008, 09:37 AM

Look around. I have found credit unions in NY area as low as 5.25% currently, even on Jumbos. again they vary from lender to lender but they are out there. I read in the NY Times that mid 4s are not out of the question in weeks ahead. time will tell.

Andy CHOOPA · 12-10-2008, 09:54 AM

I'm in the middle of a refinance for 5 and 3/8 and hoping it hits the 4.x # soon fingers crossed.

Sosa · 12-10-2008, 10:15 AM

Wish I could get some commercial rates at those rates.

pornguy · 12-10-2008, 10:23 AM

Not allowing it for a refi is a HUGE fucking mistake and part of the problem. If they refi to that, they dont have to be foreclosed on.

czarina · 12-10-2008, 02:22 PM

if they lower the rate again, the dollar will plummet, and I will be soooooooooooo pissed!!!!!!!!!

AmeliaG · 12-10-2008, 03:10 PM

Quote:

Originally Posted by Snake Doctor

The Fed is talking about buying up Ginnie Mae's to drive rates down to that level....I don't think it'll help the overall problem in housing though....which is excess supply.

That's just going to take a long time to work through.

The problem is not excess supply. The problem is that so many factors other than supply and demand have impacted home prices in recent years.

There was a bubble economy when everyone thought you couldn't lose in real estate. The bubble burst, because bubbles always burst. Only, for some reason, because it is homes, the government is all up in it. So nobody is lowering the prices on houses because they are all waiting for a bailout.

There are two houses on my block, which have been for sale for around $1.2 and $1.5 million for over a year. If I were charging $120 a month for a web site membership and nobody bought it for a year, I would lower the price. That is what the market would dictate. Only the market is not being permitted to operate normally, so these two houses remain the same price and unsold.

Barefootsies · 12-10-2008, 03:17 PM

The house I just closed on last month, I received 5% interest rate.

But it was through my credit union not a mortgage broker, or bank. The rates, and terms, they offered me were laughable.

WebairGerard · 12-10-2008, 03:20 PM

Quote:

Originally Posted by Barefootsies

The house I just closed on last month, I received 5% interest rate.

But it was through my credit union not a mortgage broker, or bank. The rates, and terms, they offered me were laughable.

exactly what I have noticed thus far. Credit Unions have some great deals going. The banks even with bailout money are not even close to what I have found.

12-09-2008, 11:13 PM	#1
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	mortgage rates 4.5% ? I heard on tv rates are 5.25% on a 30 year fixed and might get down to 4.5%. From what I see on the net rates are not currently 5.25%. Anyone else know whats up? __________________

12-09-2008, 11:21 PM	#2
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	The Fed is talking about buying up Ginnie Mae's to drive rates down to that level....I don't think it'll help the overall problem in housing though....which is excess supply. That's just going to take a long time to work through. __________________ sig too big

12-10-2008, 05:25 AM	#4
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	If this works I see my few good renters buy homes, as 4.5% will allow them to pay less then what I'm chargeing. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

12-10-2008, 05:31 AM	#5
camgirlshide Confirmed User Join Date: Jan 2005 Posts: 1,558	ing direct 5/1 arm is 5.25% and their apy which takes into account the rate after it adjusts assuming you get the current rate for the next 25 years is 5.15% Closing cost is also very low making it a really nice deal depending on how long you plan on staying in your home, your current rate, and your feel for the market. __________________ Useful adult webmaster links - Alphabetical list of solo models with webcam Stats on my best converting affiliate programs - camgirlshide webmaster blog complete list of affiliate programs I use.

12-10-2008, 07:47 AM	#6
Brad Gosse Confirmed User Join Date: Jan 2002 Location: Carpal Tunnel Posts: 2,616	My mortgage company is offering extremely good rates for home refinance in Canada. http://www.canadianmortgagerelief.com/ __________________ Free Clipart

12-09-2008, 11:50 PM	#3
stevo Confirmed User Join Date: Aug 2002 Location: Orlando, Florida Posts: 2,051	They're "talking" about it. But its only for new mortgages, not refinancing.

12-10-2008, 09:29 AM	#7
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	This has yet to be passed. It may be for first time home buyers only. Won't be for refi

12-10-2008, 09:37 AM	#8
WebairGerard Confirmed User Industry Role: Join Date: Sep 2005 Posts: 8,113	Look around. I have found credit unions in NY area as low as 5.25% currently, even on Jumbos. again they vary from lender to lender but they are out there. I read in the NY Times that mid 4s are not out of the question in weeks ahead. time will tell. __________________

12-10-2008, 09:54 AM	#9
Andy CHOOPA Confirmed User Join Date: Jul 2008 Location: Red Bank NJ Posts: 1,156	I'm in the middle of a refinance for 5 and 3/8 and hoping it hits the 4.x # soon fingers crossed. __________________ Andy Choopa ICQ: 412-203-056 DUAL XEONS W/100 Mbps UNMETERED- $199/ month!!

12-10-2008, 10:15 AM	#10
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Wish I could get some commercial rates at those rates.

12-10-2008, 10:23 AM	#11
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Not allowing it for a refi is a HUGE fucking mistake and part of the problem. If they refi to that, they dont have to be foreclosed on. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

12-10-2008, 02:22 PM	#12
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,748	if they lower the rate again, the dollar will plummet, and I will be soooooooooooo pissed!!!!!!!!!

12-10-2008, 03:17 PM	#14
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	The house I just closed on last month, I received 5% interest rate. But it was through my credit union not a mortgage broker, or bank. The rates, and terms, they offered me were laughable. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"