LS_Sonoma Posted June 17, 2010 Report Share Posted June 17, 2010 Right now its at 4.72%. I have a 60 day window to lock in starting today on new construction. Do you guys think I should ride it a couple of weeks? I think the rate will go lower over the next couple of months due to it being summer and that damn ole' recession. Thanks in advance. Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted June 17, 2010 Report Share Posted June 17, 2010 Lock it dude. Even if it goes down another .125% it will not change your payment too much anyhow. It will not go any lower than 4.5 on a 30 year. It has been around 4.75 for some time now. Quote Link to comment Share on other sites More sharing options...
LS_Sonoma Posted June 17, 2010 Author Report Share Posted June 17, 2010 I am hoping for 3.9% Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted June 18, 2010 Report Share Posted June 18, 2010 I am hoping for 3.9% Keep dreaming, unless it is tied into some deal with a builder, or paying points. We were happy to get fixed 4.85% 30 year loan a year ago (pretty much exactly a year at this point). And that was a full-on conventional loan, 20% down, and VERY good credit. No points or anything like that. Quote Link to comment Share on other sites More sharing options...
smokin5s Posted June 18, 2010 Report Share Posted June 18, 2010 third federal is 4.6 right now fixed for 30 years... only catch, you have to have 20% down. Quote Link to comment Share on other sites More sharing options...
Bam Posted June 18, 2010 Report Share Posted June 18, 2010 Buy less house and get a 15yr? That'd get you closer to the rate you want...? Quote Link to comment Share on other sites More sharing options...
Doug1647545489 Posted June 18, 2010 Report Share Posted June 18, 2010 Keep dreaming, unless it is tied into some deal with a builder, or paying points. We were happy to get fixed 4.85% 30 year loan a year ago (pretty much exactly a year at this point). And that was a full-on conventional loan, 20% down, and VERY good credit. No points or anything like that. I got 4.25 in may last year. No points either. 30 year fixed. Broker said only a couple people got locked in at that rate and I was lucky. Quote Link to comment Share on other sites More sharing options...
OSUGT Posted June 18, 2010 Report Share Posted June 18, 2010 thought I was killing it at 5.25 a couple years ago...then the bottom fell out again. DO IT! Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted June 18, 2010 Report Share Posted June 18, 2010 LOCK IT! I'm a PB at US Bank. I agree with what the others have said about it not being drastically different enough to try and hold out. I'd lock that in now. Great rate. Quote Link to comment Share on other sites More sharing options...
Tractor Posted June 18, 2010 Report Share Posted June 18, 2010 I wonder if First Option Lending will do a loan on construction. We just refied in the upper 3's, but our house exists. Quote Link to comment Share on other sites More sharing options...
sciongirl Posted June 19, 2010 Report Share Posted June 19, 2010 talked to my guy today... im gonna lock this in for sure. Quote Link to comment Share on other sites More sharing options...
LS_Sonoma Posted June 19, 2010 Author Report Share Posted June 19, 2010 Im going to gamble a little bit and wait till the first week in July to lock in. I think we will see a .15 point drop due to low spending through out the country in regards to the holiday. Quote Link to comment Share on other sites More sharing options...
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