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shiv
Twinsanity!!
Member since 5/07 4747 total posts
Name:
Shiv
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what's your rate?
For recent home buyers, what is your mortgage rate and when did you lock?
Also, please include if your paying points and/or if you have a jumbo/non-jumbo loan.
I think my broker is trying to pull one over on me.
Thanks!
ETA: looking for fixed rates on 30 year loans.
Message edited 8/6/2007 4:58:18 PM.
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Posted 8/6/07 4:40 PM  |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: what's your rate?
6.5%, no points, and we locked about 2 or 3 weeks ago.
ETA - this is for a 30 year fixed rate.
Message edited 8/6/2007 7:03:59 PM.
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| Posted 8/6/07 4:45 PM |
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TJLealand3
LIF Adolescent
Member since 6/07 839 total posts
Name:
Thomas
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Re: what's your rate?
May I suggest you get a fixed rate mortgage and not pay anything.......
Word on the street is 6.5 - 6.7 is good right now.. In my opnion a Variable is CRAZY......
Message edited 8/6/2007 4:52:13 PM.
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| Posted 8/6/07 4:50 PM |
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shiv
Twinsanity!!
Member since 5/07 4747 total posts
Name:
Shiv
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Re: what's your rate?
Posted by TJLealand3
May I suggest you get a fixed rate mortgage and not pay anything.......
Word on the street is 6.5 - 6.7 is good right now.. In my opnion a Variable is CRAZY......
oh there is no way i would ever get a variable. I should have incuded- what is your fixed rate on a 30 year loan.
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| Posted 8/6/07 4:57 PM |
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Gertyrae
Peace out Homies!
Member since 5/05 20046 total posts
Name:
Gerty ®
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Re: what's your rate?
5.65 %.....
ETA: No points - 30 year fixed.
Oh and...we bought in 2005
Message edited 8/6/2007 10:57:59 PM.
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| Posted 8/6/07 10:57 PM |
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Dani00518
Gorgeous
Member since 5/05 2730 total posts
Name:
Danielle
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Re: what's your rate?
Posted by Gertyrae
5.65 %.....
ETA: No points - 30 year fixed.
Oh and...we bought in 2005
I dream of a rate in the 5's....when did you get that?
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| Posted 8/6/07 10:58 PM |
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luckyinlove
I love my baby girls!
Member since 12/06 2441 total posts
Name:
Lauren
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Re: what's your rate?
6.625% no points, and we locked in two weeks ago
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| Posted 8/6/07 11:07 PM |
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Gertyrae
Peace out Homies!
Member since 5/05 20046 total posts
Name:
Gerty ®
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Re: what's your rate?
Posted by Dani00518
Posted by Gertyrae
5.65 %.....
ETA: No points - 30 year fixed.
Oh and...we bought in 2005
I dream of a rate in the 5's....when did you get that?
September of 2005 - but remember, my house probably isn't worth what we paid for it. The rates were at their lowest and the prices were at their highest when we bought.
We realized that rates were probably not going any lower and went shopping.
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| Posted 8/6/07 11:31 PM |
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bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
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Re: what's your rate?
I've gotten 2 rates within the last week.
6.5% and 6.375%; both no points
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| Posted 8/7/07 9:04 AM |
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CityNYGirl
My everything!!!!!
Member since 5/05 2324 total posts
Name:
Betty
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Re: what's your rate?
6% no points on a jumbo loan...
we bought in September 2005...
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| Posted 8/7/07 9:17 AM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: what's your rate?
We had 6% with no points. Our loan is not a jumbo.
We locked in late April though, for a May closing. It wound up being delayed a month and we had to extend the loan. If you can get a longer lock period, I would do it. You never know what might happen.
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| Posted 8/7/07 9:44 AM |
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BlueDiamonds
mommy to 3 boys
Member since 2/07 3885 total posts
Name:
proud mommy
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Re: what's your rate?
What is a jumbo loan? I am new to this process and have never heard of it. Sorry to hyjack....
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| Posted 8/7/07 9:57 AM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: what's your rate?
Posted by BlueDiamonds
What is a jumbo loan? I am new to this process and have never heard of it. Sorry to hyjack....
It's a loan greater than a certain limit set by FNMA and FHLMC (the maximum amount of the loan they will purchase from a lender). In 2006, the limit was $417k.
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| Posted 8/7/07 10:03 AM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: what's your rate?
Posted by Dani00518
Posted by Gertyrae
5.65 %.....
ETA: No points - 30 year fixed.
Oh and...we bought in 2005
I dream of a rate in the 5's....when did you get that?
We had 5.6% back in May, but the deal fell through. 
ETF typo
Message edited 8/7/2007 10:27:47 AM.
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| Posted 8/7/07 10:27 AM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: what's your rate?
bought in August 2005 but we have a rate of 5.75%
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| Posted 8/7/07 10:34 AM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: what's your rate?
We locked in May at a rate of 6.125% and paid 1 point. We don't have a jumbo loan.
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| Posted 8/7/07 10:45 AM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: what's your rate?
Posted by Dani00518
Posted by Gertyrae
5.65 %.....
ETA: No points - 30 year fixed.
Oh and...we bought in 2005
I dream of a rate in the 5's....when did you get that?
We locked in at the end of Feb for 30 days at 5.875% with no points.
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| Posted 8/7/07 10:46 AM |
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astroqueen74
Vibrant Health
Member since 1/07 2822 total posts
Name:
Karina
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Re: what's your rate?
We locked at 5.67% in April 2007. 30 yr Fixed.
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| Posted 8/7/07 11:10 AM |
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shiv
Twinsanity!!
Member since 5/07 4747 total posts
Name:
Shiv
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Re: what's your rate?
Posted by bicosi
I've gotten 2 rates within the last week.
6.5% and 6.375%; both no points
thats good, can i ask what bank?
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| Posted 8/7/07 11:18 AM |
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shiv
Twinsanity!!
Member since 5/07 4747 total posts
Name:
Shiv
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Re: what's your rate?
Oh, i'm so jealous of all of you who locked before the spike in june.
My broker locked me at 6.75 last Friday without asking me first because she 'thought' the rates were going to go up. well wouldn't you know that this week the rates started going down! Ugh, i'm ******.
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| Posted 8/7/07 11:20 AM |
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TJLealand3
LIF Adolescent
Member since 6/07 839 total posts
Name:
Thomas
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Re: what's your rate?
Posted by BlueDiamonds
What is a jumbo loan? I am new to this process and have never heard of it. Sorry to hyjack....
A jumbo mortgage is a mortgage with a loan amount above the industry-standard definition of conventional conforming loan limits
The 2007 conforming loan limits for first mortgages remain at the limits set in 2006:
One-family: $417,000
Two-family: $533,850
Three-family: $645,300
Four-family: $801,950
This is your loan value not your purchase price value.....
Example: 500,000.00 Home
Mortgage 400,000.00 Loan
is not a Jumbo Mortgage.
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| Posted 8/7/07 11:22 AM |
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BlueDiamonds
mommy to 3 boys
Member since 2/07 3885 total posts
Name:
proud mommy
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Re: what's your rate?
cool, thanks!
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| Posted 8/7/07 5:55 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: what's your rate?
we closed 7/6 - rate was 6% (not a jumbo loan) we had locked in may though, and had we not closed when we did, our rate would have been wayyyy higher.
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| Posted 8/7/07 6:15 PM |
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NMFK
LIF Infant
Member since 11/06 123 total posts
Name:
Nicole
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Re: what's your rate?
5.5% with 2 points. We locked in 12/06 and closed 2/07. We do not have a jumbo loan.
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| Posted 8/7/07 6:37 PM |
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NMFK
LIF Infant
Member since 11/06 123 total posts
Name:
Nicole
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Re: what's your rate?
5.5% with 2 points. We locked in 12/06 and closed 2/07. We do not have a jumbo loan.
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| Posted 8/7/07 6:37 PM |
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