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jmo
LIF Infant
Member since 3/08 137 total posts
Name:
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Interest rate going up?
We are supposed to close in the coming month and we're noticing the rate keeps increasing. So much for a a save! Is the interest rate going to continue to creep up?
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Posted 12/29/09 7:23 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: Interest rate going up?
Follow this blog... He'll let you know whats exactly going on... But if you see them on the rise, why not lock ASAP?
http://www.mortgagenewsdaily.com/consumer_rates/
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| Posted 12/29/09 11:42 AM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Interest rate going up?
Interest rates jumped about a half point in the last 3-4 weeks.
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| Posted 12/29/09 11:52 AM |
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jen919ifer
LIF Adolescent
Member since 7/08 803 total posts
Name:
Jennifer
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Re: Interest rate going up?
Posted by MaZz
Follow this blog... He'll let you know whats exactly going on... But if you see them on the rise, why not lock ASAP?
http://www.mortgagenewsdaily.com/consumer_rates/
I also followed this site when I was looking, he is great!
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| Posted 12/29/09 4:29 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: Interest rate going up?
our bank contact told us they are on the rise (nothing we can do until we sell)
Maybe you can lock in with a float down? (we actually got 2 float downs for free - but one was b/c our banker told us the wrong rate - astoria gives (or maybe gave at that time) one float down for free to everyone
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| Posted 12/30/09 1:26 PM |
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Phoebee
LIF Adult
Member since 11/06 1623 total posts
Name:
Michelle
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Re: Interest rate going up?
yes.. we're going to close in mid-Jan.
We locked in the day before they went up @ 4.75% w/ a float down option before Jan. 15th. We were first quoted 4.5%. It's now 5% (I think) If not 5.25%. Either way, it's still a good rate- not like 7-8%. I think it'll still help sales.
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| Posted 12/30/09 2:05 PM |
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