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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.
     
    #1 distence, Jan 26, 2005
  2. cson

    cson Member

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    How'd this work out ?
     
    #2 cson, Aug 6, 2007
  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.
     
    #3 Lil Pun, Aug 6, 2007
  4. DaDakota

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

    DD
     
    #4 DaDakota, Aug 6, 2007
  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.
     
    #5 distence, Aug 6, 2007
  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?
     
    #6 Lil Pun, Aug 6, 2007
  7. KaiSeR SoZe

    KaiSeR SoZe Member

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    lock it in, lock it in :D

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    #7 KaiSeR SoZe, Aug 6, 2007
  8. Lil Pun

    Lil Pun Member

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    Wow, I didn't realize how old this thread is/was.
     
    #8 Lil Pun, Aug 6, 2007
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