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Replies (10)
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:3428
They are real, and they are spectacular.
- Brian Goetz, "bri_gets"
- Contributions:295
It is absolutely real.
- Chris Hacker, "thelendingcoach"
- Contributions:130
Yes
- vak555
- Contributions:62
wow, thanks guys....I mean, I thought they were real, and from reputable lenders...but still, 2.5% seems so unbelievable!!!....from my limited monitoring of the rates, they are not yet back to the lows we saw early in the year, when 30 fixed was at close to 4% flat....but I don't remember seeing 5/1 being 2.5%...maybe they have been, or even lower, I just didn't see it??? what's the lowest 5/1 have been priced at?
Strongly considering 5/1 arm...the lifetime limit is 5% up, so, worst case scenario, it would be 7.5% - a bit high, but not catastrophic.
Strongly considering 5/1 arm...the lifetime limit is 5% up, so, worst case scenario, it would be 7.5% - a bit high, but not catastrophic.
- Michael Dolan, "BrokerPro"
- Contributions:277
Real. Take a look at the 7/1 ARM also
- vak555
- Contributions:62
Thanks Michael....the 7/1 I am getting priced 3/4 of % higher, like 3.25%...but there was a very small sample, only 1-2 quotes submitted.
- Carl Ashton, "Carl Ashton"
- Contributions:86
Yes but jump on quick as they change hour by hour.....
- vak555
- Contributions:62
out of sheer curiosity - what's the lowest 5/1 and 7/1 have been priced at when we were at the bottom, and 30 y fixed was at 4.00% or about that?
- vak555
- Contributions:62
can someone share with me what was the pricing in Nov/Dec 2010 at the lowest point of the market for 5/1 and 7/1 ARM products?
Thanks!!!
Thanks!!!
- Helen Edwards, "Helen Edwards"
- Contributions:478
Real & FABULOUS!
can the 5/1 ARMs be @ 2.5% now?
Is this real?
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