Comments on: Are we Moving Further and Further from those 4.5% Mortgage Rates we’ve Been Hearing About? http://www.biggerpockets.com/renewsblog/2009/02/02/moving-45-mortgage-rates-hearing/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve Heidemanhttp://www.biggerpockets.com/renewsblog/2009/02/02/moving-45-mortgage-rates-hearing/#comment-63610 Steve Heideman Tue, 03 Feb 2009 17:04:08 +0000 http://www.biggerpockets.com/renewsblog/?p=3911#comment-63610 Kevin, I think the best thing for you to do is to have your lender keep you apprised of interest rates. Tell him you want daily updates. He/she should have no problem doing this. It is difficult to get actual wholesale price data in the manner you are asking for on the internet that is the actual price. If anyone knows where this is, let me know!<abbr><em>Steve Heideman’s last blog post: <a href="http://www.arizonamortgagenews.com/news/the-fed-funds-rate-may-fall-but-mortgage-rates-may-not/comment-page-1/#comment-6" rel="nofollow">Comment on The Fed Funds Rate May Fall, But Mortgage Rates May Not by Benjamin@720creditguru</a></em></abbr> Kevin,
I think the best thing for you to do is to have your lender keep you apprised of interest rates. Tell him you want daily updates. He/she should have no problem doing this. It is difficult to get actual wholesale price data in the manner you are asking for on the internet that is the actual price. If anyone knows where this is, let me know!

Steve Heideman’s last blog post: Comment on The Fed Funds Rate May Fall, But Mortgage Rates May Not by Benjamin@720creditguru

]]> By: Kevin K.http://www.biggerpockets.com/renewsblog/2009/02/02/moving-45-mortgage-rates-hearing/#comment-63606 Kevin K. Tue, 03 Feb 2009 14:06:44 +0000 http://www.biggerpockets.com/renewsblog/?p=3911#comment-63606 Thanks Steve. I assumed as much. I plan to float for at least another week. If rates can fall to ~ 5 percent again, I'll be happy. Any advice on how best to track mortgage rates for my loan type/geography? I'll be using a VA loan/30 year fixed/New York. I can't seem to find accurate daily market data. Thanks Steve. I assumed as much. I plan to float for at least another week. If rates can fall to ~ 5 percent again, I’ll be happy.
Any advice on how best to track mortgage rates for my loan type/geography? I’ll be using a VA loan/30 year fixed/New York. I can’t seem to find accurate daily market data.

]]> By: Steve Heidemanhttp://www.biggerpockets.com/renewsblog/2009/02/02/moving-45-mortgage-rates-hearing/#comment-63593 Steve Heideman Mon, 02 Feb 2009 23:20:04 +0000 http://www.biggerpockets.com/renewsblog/?p=3911#comment-63593 Kevin, Great question. I don't think that the stimulus will do much to lower mortgage rates--at least in the short term. What is causing rates to be low is the fact that the government is buying mortgage bonds. There is no provision in the stimulus package to my knowledge to add more money to that program. Even if there was some provision, I doubt it would help you much in the next 30 days. I might lean towards cautiously floating your rate for another week or so, but only because we are trading at the top of the current range--not because of anything with the stimulus package.<abbr><em>Steve Heideman’s last blog post: <a href="http://www.arizonamortgagenews.com/arizona-mortgage/how-the-new-good-faith-estimate-form-can-help-you-save-money-on-your-mortgage/comment-page-1/#comment-2" rel="nofollow">Comment on How The New Good Faith Estimate Form Can Help You Save Money On Your Mortgage by Steve Heideman</a></em></abbr> Kevin,
Great question. I don’t think that the stimulus will do much to lower mortgage rates–at least in the short term. What is causing rates to be low is the fact that the government is buying mortgage bonds. There is no provision in the stimulus package to my knowledge to add more money to that program. Even if there was some provision, I doubt it would help you much in the next 30 days. I might lean towards cautiously floating your rate for another week or so, but only because we are trading at the top of the current range–not because of anything with the stimulus package.

Steve Heideman’s last blog post: Comment on How The New Good Faith Estimate Form Can Help You Save Money On Your Mortgage by Steve Heideman

]]> By: Kevin K.http://www.biggerpockets.com/renewsblog/2009/02/02/moving-45-mortgage-rates-hearing/#comment-63588 Kevin K. Mon, 02 Feb 2009 21:48:36 +0000 http://www.biggerpockets.com/renewsblog/?p=3911#comment-63588 Question: I am in contract for a house right now - expected to close first week in March. If this stimulus package get passed next week, how soon will rates be driven down? can I expect one in the 4.x after the bill signed?Thanks Question: I am in contract for a house right now – expected to close first week in March. If this stimulus package get passed next week, how soon will rates be driven down? can I expect one in the 4.x after the bill signed?

Thanks

]]> By: Robert Eskiwhttp://www.biggerpockets.com/renewsblog/2009/02/02/moving-45-mortgage-rates-hearing/#comment-63584 Robert Eskiw Mon, 02 Feb 2009 20:13:46 +0000 http://www.biggerpockets.com/renewsblog/?p=3911#comment-63584 I would be extremely surprised if the mortgage rates didn't go back towards the 4.5% level. With Obama in now, the free bailout money express is going to have some conditions to it (hopefully).Robert Eskiw<abbr><em>Robert Eskiw’s last blog post: <a href="http://homeinedmonton.com/listings?pathway=7&id=72237" rel="nofollow">Report predicts busy 2009 for Edmonton landlords</a></em></abbr> I would be extremely surprised if the mortgage rates didn’t go back towards the 4.5% level. With Obama in now, the free bailout money express is going to have some conditions to it (hopefully).

Robert Eskiw

Robert Eskiw’s last blog post: Report predicts busy 2009 for Edmonton landlords

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