How low can we go? 30 yr fixed at 3.75% with no fees...

NEW -> Contingent Buyer Assistance Program
Love that drop in rates for the 10yr!

Per Amerisave:

01/08/14

  4.000%  $2,626  4.313%  $19,556  View  View 
  4.125%  $2,666  4.342%  $13,374  View  View 
  4.250%  $2,706  4.383%  $7,891  View  View 
  4.375%  $2,746  4.459%  $4,756  View  View 
  4.500%  $2,787  4.528%  $-2,300  View  View 
  4.625%  $2,828  4.653%  $-7,894  View  View 

01/09/14

  4.000%  $2,626  4.321%  $20,068  View  View 
  4.125%  $2,666  4.350%  $13,892  View  View 
  4.250%  $2,706  4.391%  $8,402  View  View 
  4.375%  $2,746  4.446%  $3,914  View  View 
  4.500%  $2,787  4.528%  $-1,855  View  View 
  4.625%  $2,828  4.653%  $-7,454  View  View 

01/10/14

  4.125%  $2,666  4.280%  $9,464  View  View 
  4.250%  $2,706  4.321%  $3,975  View  View 
  4.375%  $2,746  4.402%  $840  View  View 
  4.500%  $2,787  4.527%  $-5,221  View  View 
 

Attachments

  • Capture.PNG
    Capture.PNG
    85.3 KB · Views: 108
On Zillow:

30 yr Jumbo 60% LTV at 4.5% with almost $7000 in credit from AnnieMac

5/1 Jumbo 60% LTV at 2.5% with $2800 in credit (almost no fee refi) from AIMloans

7/1 Jumbo 60% LTV at 3.0% with $5000 in credit from AIMloans

If that 5/1 rate is really true from AIM, it is close to the bottom from my last refi in April '13
 
ps9 said:
On Zillow:

30 yr Jumbo 60% LTV at 4.5% with almost $7000 in credit from AnnieMac

5/1 Jumbo 60% LTV at 2.5% with $2800 in credit (almost no fee refi) from AIMloans

7/1 Jumbo 60% LTV at 3.0% with $5000 in credit from AIMloans

If that 5/1 rate is really true from AIM, it is close to the bottom from my last refi in April '13
Click to expand...

PS9- You got me on a Refi trip! 
 
Nevermind, just got off the phone with them, they show on THEIR side 2.5% with $10,000 in closing costs.. what a bunch of BS.  Not even in the ball park.  Crossing AIM off the list. 
 
irvinehomeowner said:
@ps9: Just let us know which is the best deal and we'll follow you into refi chain addiction.
Click to expand...

Hey maybe we can close on the same date and have a notary party and save costs!
 
Just checked zillow again, AIMloan still advertising 2.5% with $1000 credit, I want whatever they're smoking over there in San Diego.
 
Today, mish had a nice post about why the FED cannot raise interest rates.  While the FED may say low interest rates is there to help grow the economy and add more jobs, the actual reason is that the interest payments the government makes to service it's own debt would explode and become unmanageable if interest rates were to go back to it's historical norm of 5.7%.

So expect low interest rates forever or until we crash and go into a depression.
http://globaleconomicanalysis.blogspot.com/2014/01/when-will-interest-on-us-national-debt.html
 
zubs said:
Today, mish had a nice post about why the FED cannot raise interest rates.  While the FED may say low interest rates is there to help grow the economy and add more jobs, the actual reason is that the interest payments the government makes to service it's own debt would explode and become unmanageable if interest rates were to go back to it's historical norm of 5.7%.

So expect low interest rates forever or until we crash and go into a depression.
http://globaleconomicanalysis.blogspot.com/2014/01/when-will-interest-on-us-national-debt.html
Click to expand...

Pretty sure...US doesn't have an adjustable rate mortgage.  Aren't the debts basically treasury bills?  So the rate of returns on thus t-bills are already fixed.
 
Irvinecommuter said:
zubs said:
Today, mish had a nice post about why the FED cannot raise interest rates.  While the FED may say low interest rates is there to help grow the economy and add more jobs, the actual reason is that the interest payments the government makes to service it's own debt would explode and become unmanageable if interest rates were to go back to it's historical norm of 5.7%.

So expect low interest rates forever or until we crash and go into a depression.
http://globaleconomicanalysis.blogspot.com/2014/01/when-will-interest-on-us-national-debt.html
Click to expand...

Pretty sure...US doesn't have an adjustable rate mortgage.  Aren't the debts basically treasury bills?  So the rate of returns on thus t-bills are already fixed.
Click to expand...

once the debt comes due then new debt is issued, that debt would be at higher rates which the US can not afford (without issuing new debt at even higher rates).
 
qwerty said:
Irvinecommuter said:
zubs said:
Today, mish had a nice post about why the FED cannot raise interest rates.  While the FED may say low interest rates is there to help grow the economy and add more jobs, the actual reason is that the interest payments the government makes to service it's own debt would explode and become unmanageable if interest rates were to go back to it's historical norm of 5.7%.

So expect low interest rates forever or until we crash and go into a depression.
http://globaleconomicanalysis.blogspot.com/2014/01/when-will-interest-on-us-national-debt.html
Click to expand...

Pretty sure...US doesn't have an adjustable rate mortgage.  Aren't the debts basically treasury bills?  So the rate of returns on thus t-bills are already fixed.
Click to expand...

once the debt comes due then new debt is issued, that debt would be at higher rates which the US can not afford (without issuing new debt at even higher rates).
Click to expand...

We're talking about mostly 10 or 30 year bonds.  US sold bonds are much much higher rates in in 1980s and 1990s.
 
5/1 ARM Jumbo (~50-60% LTV, 760+ FICO) inching lower:

Two lenders at 2.75% with enough credit (~$3000) for free refi (Guaranteed rate and Smarter mortgages)

One lender at 2.625% but need to bring ~$1500 to table to cover all fees (good mortgage)

I used Smarter Mortgages in the past (aka Fearon Financials), they were pretty good, easy refi.

Ready to pull trigger as soon as rates get to 2.5% no fees or 2.625% with enough credit leftover for a 4K TV.  Got some good comps for appraiser this time.
 
You must log in or register to reply here.
Back
Top