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Mortgage: Fixed 30 years interest rates

36 posts in this topic

Posted

Right now at 3.45%

Some people reporting that rates expect to drop close to 3.2% before elections. Anyone knows what to expect? I have an option to lock in on my rate in next 7-10 days but I can wait all the way to November to lock in. It seems like rates increased at one point in August but then dropped again.

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Posted

I thought they were just around 3.25 a few weeks ago. My wife and I just got our house at the end of July and we're at 3.5%...

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Posted

Where do I check current one? I got it from some site but I dunno how accurate it is.

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Posted

If you can swing a 15 year, rates are better still and costs are significantly reduced over the life of the loan.

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Posted

I cannot do 15 years. I got a wedding coming up and I'm first time home buyer.

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Posted

USDA 3.0%

FHA 3.25%

CONV 3.5%

Depends on your broker though, and credit score, and how much fees are.

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Posted

I got a 30 yr conventional at 3.25% last month

My guess is this is as low as they will get, then the election will bring them back up

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Posted

Rates will go up slightly after November. Don't expect them to go up until 2015 tho.

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Posted

at the bare min rates go up like salt said. some fed dude even mentioned this a couple of days ago.

as i always say tho. its not about the % rate, it's about the payment.

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Posted

After your wedding tho try to pay off your house as quickly as possible. Could save you in the 6 digits in interest depending on the loan amount.

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Posted

Oh I know... I will pay around 200k in interest over 30 years... So the question is... Should I lock my rate? Whatcha guys think? My close date is Oct 26th.

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Posted

i don't think we ever go below 3% just for psychological

reasons. so yes. lock it in.

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