When applying for a fha loan is in that a trellis verbs so i can wach the rates. iwas told to me that the mortgage b
rates? the mortgage broker said it was up to her to watch the rates, but i assume its my job to watch for rates. she said today 3/25/08 that near a credit score of 750 my fixed fha rate was 6.25%. I FIND THAT HIGH? at hand has to be a web site i can find my own rates to lock contained by.
thank you
Sherri, that rate sounds nearly right for FHA today. The best indicator of mortgage rate movements is the 10 year treasury bond yield - currently around 3.5%. Watch for movements in this numeral to see what the mortgage market will do on a daily spring. Be careful about rate quotes you procure online and in newspaper ad. As a mortgage broker, I can tell you it is easy to sandbag a quote and consequently raise the final rate when you're at closing. Then you're stuck and basically enjoy to pay whatever I throw within front of you. I won't work that way, but plenty of mortgage people will so look out.
If you have to look up rates online, try bankrate.com Source(s): me. mtg broker
With a 750 why are you looking at FHA? There is insurance required that you insure your own potential default? I locked a 725 today at 6% USDA, no money down and no mortgage insurance. If you are looking for a good financial site, I would suggest www.bankrate.com. I commend you for wanting to be within charge of your own situation. It is only when you give that control to others, you suffer. Source(s): 30 years experience within real estate and mortgage finance.
"> no web site.. each compay have differnt rates. not one will have the same. You will own to shop but do not let them pull your credit. I will make clear to you rates went up yesterday by a half a point. The rates are base on the market . If the market is doing resourcefully then rates go up. if the souk is crap then rates go down. The feds do not control the mtg rates. the open market does.
Related Questions:
I hear that the feed may cut mortgage rates to 4.5 % have anyone else hear this?
Absolutely! The pretext for this is because they don't want people to go into foreclosure, so they are lowering the rates to incourage family to refinance. Source(s): I work at a Real Estate Law Firm...
thank you
Sherri, that rate sounds nearly right for FHA today. The best indicator of mortgage rate movements is the 10 year treasury bond yield - currently around 3.5%. Watch for movements in this numeral to see what the mortgage market will do on a daily spring. Be careful about rate quotes you procure online and in newspaper ad. As a mortgage broker, I can tell you it is easy to sandbag a quote and consequently raise the final rate when you're at closing. Then you're stuck and basically enjoy to pay whatever I throw within front of you. I won't work that way, but plenty of mortgage people will so look out.
If you have to look up rates online, try bankrate.com Source(s): me. mtg broker
With a 750 why are you looking at FHA? There is insurance required that you insure your own potential default? I locked a 725 today at 6% USDA, no money down and no mortgage insurance. If you are looking for a good financial site, I would suggest www.bankrate.com. I commend you for wanting to be within charge of your own situation. It is only when you give that control to others, you suffer. Source(s): 30 years experience within real estate and mortgage finance.
"> no web site.. each compay have differnt rates. not one will have the same. You will own to shop but do not let them pull your credit. I will make clear to you rates went up yesterday by a half a point. The rates are base on the market . If the market is doing resourcefully then rates go up. if the souk is crap then rates go down. The feds do not control the mtg rates. the open market does.
Related Questions:
I hear that the feed may cut mortgage rates to 4.5 % have anyone else hear this?
Absolutely! The pretext for this is because they don't want people to go into foreclosure, so they are lowering the rates to incourage family to refinance. Source(s): I work at a Real Estate Law Firm...