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Mortage Rates

Discussion in 'BBS Hangout' started by distence, Jan 26, 2005.

  1. distence

    distence Member

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    Where do you guys see mortage rates going? I had a chance on Monday to lock at 5.375 on a 30 yr. Now its at 5.5 and I am wondering should I lock now or wait a couple of days to see if it drops back down to 5.375.
     
  2. cson

    cson Member

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    How'd this work out ?
     
  3. Lil Pun

    Lil Pun Member

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    If buying is good don't they head down? Buying is not good as of late. Up, up, up.
     
  4. DaDakota

    DaDakota Balance wins
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    I locked mine in 2003 at 4 7/8ths.

    DD
     
  5. distence

    distence Member

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    i ended up getting a 5.375 on a 30yr. this thread is 2 years old so the current rate is somewhere above 6% and probably will not be going lower anytime soon. stay away from ARM loans unless you plan on paying off the house quickly or going to flip it.
     
  6. Lil Pun

    Lil Pun Member

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    Somebody school me on the different types of rates you can get. Fixed, adjustable, etc. What's the difference? Pros? Cons?
     
  7. KaiSeR SoZe

    KaiSeR SoZe Member

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    lock it in, lock it in :D

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  8. Lil Pun

    Lil Pun Member

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    Wow, I didn't realize how old this thread is/was.
     

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