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summertime
LIF Adolescent
Member since 9/10 852 total posts
Name:
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Interest rates
should I lock in? Doesnt seem like they are going anywhere? What do you think
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Posted 9/21/11 11:47 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
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 rates
I'd shoot for 4.00% fixed 30 years no points. If you can get that then i would probably lock.
They may go down more... but they can also go up. Not by much but they can easily jump to 4.25%.
I guess it depends on what your risk tolerance is.
Message edited 9/21/2011 12:25:00 PM.
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| Posted 9/21/11 12:24 PM |
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summertime
LIF Adolescent
Member since 9/10 852 total posts
Name:
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Re: Interest rates
I got a 3.125% 15 yr, I think I am going to lock. I asked the bank and it went down last week from 3.25% so I dont anticipate it going down anymore. thanks!!
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| Posted 9/21/11 8:45 PM |
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fdnywife
Mommy of 3 and 4 rescues
Member since 9/09 1841 total posts
Name:
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Re: Interest rates
Posted by summertime
I got a 3.125% 15 yr, I think I am going to lock. I asked the bank and it went down last week from 3.25% so I dont anticipate it going down anymore. thanks!!
Wow is that so low b/c its a 15 year? Im looking for a 30 year. They told me 4.25?
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| Posted 9/22/11 4:47 PM |
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caps612
In love with my little guys!!
Member since 8/10 5108 total posts
Name:
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Re: Interest rates
Posted by fdnywife
Posted by summertime
I got a 3.125% 15 yr, I think I am going to lock. I asked the bank and it went down last week from 3.25% so I dont anticipate it going down anymore. thanks!!
Wow is that so low b/c its a 15 year? Im looking for a 30 year. They told me 4.25?
Yes, you can get a much better rate if you are willing to do 15 years, but that is going to be a higher payment each month.
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| Posted 9/22/11 4:50 PM |
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