Our mortgage broker quoted us 6-3/8 yesterday.

I walked by a Countrywide office today. There was a sign on every associate’s desk, “Today’s Rate 3.9%.”

Can it really be?

Perhaps its not for mortgages but a different kind of loan? I guess I could go back and ask about the details …


Comments

  1. Are you F’ing kidding me what?

    720+ fico 20% down loan amount under 417k.
    Vanilla 30 yr Conforming Fannie fixed rates.

    6.125% 1pt
    6.375% no points.

    I never get involved in your BS on this site. What’s your beef with me ASSHAT?

    I don’t do reverse mortgages. I work for a bank that has been in business for 20 years. We were not a subprime bank so what’s your problem?

    What- My number is online give me a call a let’s talk man to man.

  2. Adam you are a lying piece of shit! What are the guidelines for those rates? Is that Jumbo or FHA, HUH? Government loans are the only thing moving right now. Why don’t you go scam some old lady into a reverse mortgage!

    The What (Yeah I know, you do this for a living) (But not long, Asshat)

    Someday this war is gonna end…

  3. That’s the teaser rate for a HELOC or Home Equity Line of Credit and that rate is probably for a low LTV HELOC.

    Rates are btwn 6.125%-6.375% today on 30yr fixed rates. I wouldn’t lock today as bonds have been selling off ahead of the Fed decision you will most likely see better rates in the upcoming days. They have really popped in the past few days but will trickle back down to around 6% over the next few weeks.

    Don’t hesitate to give me a call to talk further about rates and locking strategies.

    -Adam

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