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interest rates: Refinancing in a Declining Rate Environment - 12/07/08 09:25 PM
I am interested to hear what others in the mortgage industry are hearing from their clients about falling interest rates after they are already locked in.  First of all I don't think it is wise to pay closing costs when refinancing so most my current refinances are no closing cost deals.   I try to stress to my clients that when we lock a rate for them as a warehouse lender we are literally setting aside funds for them at a contracted rate.  If rates go up they of course can rest assured that we will honor the original rate lock but on the flip … (0 comments)

interest rates: I Think Lower Mortgage Rates are on the Horizon - 11/24/08 09:55 PM
Many consumers,  savvy and otherwise are a little confused as to why mortgage rates are not lower than where they are.  Today you can get a 30 year fixed rate mortgage at 5.875% with no points and don't get me wrong that is a phenomenal rate historically.  But if you look at where banks are borrowing at you would expect that rate to be significantly lower.  This does have a lot to do with supply and demand and I don't mean the general public's demand for low mortgage rates.  I am referring to Wall St's appetite for mortgage backed securities.  But … (7 comments)

 
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Justin Perry

Portsmouth, NH

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Mortgage Banker

Office Phone: (603) 570-4897

Cell Phone: (603) 682-4293

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