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Answers (3)
- Bob Carzon, "heritagemortgage"
- Contributions:78
If you are looking for 30 year rates, the answer today is no, 15 year rates can be had in the mid 4's. And Ralph's advice is right on. If you think rates are going to fall a bit further, get your application started now so you can watch the rates and lock in when they get to what you want.
If rates drop as they did in December for a short period, there will be a rapid increase in loan applications. If your loan application is in process and you have provided the necessary documentation, you'll be at the front of the line to take advantage of the lower rates.
If rates drop as they did in December for a short period, there will be a rapid increase in loan applications. If your loan application is in process and you have provided the necessary documentation, you'll be at the front of the line to take advantage of the lower rates.
- Ralph Otto, "RalphOtto"
- Contributions:32
Some think that the Feds will purchase more FNMA bonds, thereby creating another opportunity to take advantage of the temporary dip in rates. At that point, you may be at a point where you can buy it that low.
If you need to have the rate at that level, I recommend getting together with a lender in Linden to get your loan package ready, minus the appraisal. When/if the Feds do cause the rates to dip - you can jump on it that day, lock the rate and go forward.
Good luck!
Ralph Otto
Clarion Mortgage Capital, Inc.
San Diego, CA
my website | ralph@ralphotto.com
Direct: 619-232-6886
If you need to have the rate at that level, I recommend getting together with a lender in Linden to get your loan package ready, minus the appraisal. When/if the Feds do cause the rates to dip - you can jump on it that day, lock the rate and go forward.
Good luck!
Ralph Otto
Clarion Mortgage Capital, Inc.
San Diego, CA
my website | ralph@ralphotto.com
Direct: 619-232-6886
mortgage rates at 4% ?
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