Mortgage Rate Question
Bond yields have continued to fall this morning and we’re starting to reevaluate the rate we locked in a couple of months ago. Anyone know what a jumbo 30-year fixed is at this morning and who has the best rate in town right now?
Bond yields have continued to fall this morning and we’re starting to reevaluate the rate we locked in a couple of months ago. Anyone know what a jumbo 30-year fixed is at this morning and who has the best rate in town right now?
I’m using Safari. I’m a Mac guy and the wraparound IS a problem for me.
my firefox browser has the “wraparound problem”, internet explorer does not. try using explorer.
I have never had the wraparound problem and I don’t think a lot of others have either, or the comments would be more frequent. Anon 3:27 can you provide more information, like which web browser you are using, etc? It sounds like it could be specific to your setup.
Just called my mortgage guy, he said rates are def. down b/c of Katrina and rise in oil prices. He said he could “assign the mortgage” to avoid 2% transfer tax (after only 6 mo.), but there would still be a new title, new appraisal and a few random fees. All in all a great deal.
Email me if you would like his info.
Can this wraparound problem be fixed? I’m refinancing & would really love to know the answers to these questions– but I can’t see all the text….
Markets rallying on very weak Chicago PMI and increased concern that oil is going to crimp GDP expansion…this backed up the very weak durables goods order that we had last week…people worried that the consumer is out of steam and business will not be able to pick up the slack given high oil prices…
Payrolls are on Friday so if you like todays market hurry up and talk to your broker/bank…
Guess these continued low rates may head off the impending housing crash!!!
you do pay closing costs again. and check with your bank as you may not be able to refinance within 12 months of initial mortgage. that happened to us — tried to lock in at a lower rate 8 mos. after closing only to learn we had to wait 4+ more months.
call whoever you have the ratelock with and see if they can negotiate… you should be able to walk away if you want.
I think rates are headed lower because of katrina (flight to quality in times of crises pushes up tsy prices)
“Roz” had a good point. I once refinanced a CitiMortgage coop loan through CitiMortgage, thinking there was no need to bother with a mortgage broker. Big mistake. I would get calls from one office at CitiMortgage asking me for documents held by another CitiMortgage office. The last straw was from a Citi representative who said I should contact so-and-so at the Citi office in St. Louis because she was too busy to place the call.