I am going to re-finance my interest only mortgage and need suggestions on when to lock in an interest rate. How long will they continue to drop?
2006-10-04 15:50:55 · 6 answers · asked by nmlady20022002 1 in Business & Finance ➔ Renting & Real Estate
They've stabilized for now. Might drop a tiny bit more if the fed keeps rates the same at the next meeting. I'd lock now, because if the fed raises them again, the rates are going up.
Of course, any rate that's not locked isn't real. Period.
2006-10-04 16:20:14 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
if you're in a 30 12 months fixed it gained't impact you at each and each of the non-public loan is fixed. not in any respect hear of an pastime only 30 12 months mortgage. If an ARM it relies upon on the pastime cost, and the boost and cap no matter if it really is factored into the proper cost. A 0.5 factor the version of a 200K mortgage between 10.25 and 9.seventy 5 is only $254 a month
2016-11-26 03:21:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't think they will go down much futher. They are still very good. I would wait untill after christmass they are projected to go down a tiny bit more by then. But that's it. If you would like a rate quote you can email me @ karrie_ramel@counrtywide.com
2006-10-04 15:58:59 · answer #3 · answered by karrie r 2 · 0⤊ 0⤋
Well, they stopped dropping well over a year ago and have been slowly and steadily rising ever since.
2006-10-04 15:59:40 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
nobody knows this for sure. lock your rate whenever you feel comfortable with.
2006-10-04 15:59:24 · answer #5 · answered by bianca 4 · 0⤊ 0⤋
i dont know where you are but they arrent dropping over here.
2006-10-04 15:58:37 · answer #6 · answered by mypurpleelephant 5 · 0⤊ 0⤋