Interest Rates

NEW -> Contingent Buyer Assistance Program
It is my guess that the CDS market will have a greater effect on free market interest rates than any other factor.



<a href="http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3211647/Fears-of-Lehmans-CDS-derivatives-haunt-markets.html">Tuesday</a>
 
[quote author="ipoplaya" date=1224295934][quote author="morekaos" date=1224285436]Punch in actual values for the loan. I used $600,000.00 home value with a $500,000.00 loan amount on a purchase loan</blockquote>


Those are true jumbo rates. Wells doesn't ask for the county, just puts the disclaimer about maybe having lower rates under $729K:



<img src="http://www.ipoplaya.com/wfjumbo.jpg" alt="" />



I did $700K loan on $1M purchase</blockquote>
Wells Fargo mortgage rate has always been high. I remember getting a quote from them years ago and was so shocked.
 
[quote author="WestparkRenter" date=1224312579][quote author="ipoplaya" date=1224295934][quote author="morekaos" date=1224285436]Punch in actual values for the loan. I used $600,000.00 home value with a $500,000.00 loan amount on a purchase loan</blockquote>


Those are true jumbo rates. Wells doesn't ask for the county, just puts the disclaimer about maybe having lower rates under $729K:



I did $700K loan on $1M purchase</blockquote>
Wells Fargo mortgage rate has always been high. I remember getting a quote from them years ago and was so shocked.</blockquote>


True. I often quoted them but never borrowed. I think their more conservative lending practices have kept them out of trouble Wamu/Wachovia kind of trouble.
 
I was told that WFC had avoided the fate of WM, DSL and WB because their premier product over the last 5 years or so was a 10/20 ARM. Apparently most of the loans they wrote will not change to a ARM for another 5-7 years. Thus few of their mortgages have gone belly up and probably will never become a problem to them.
 
You must log in or register to reply here.
Back
Top