rate swings: Buddy, can you spare a RATE?
- 03/07/09 02:20 PM
WOW...were locking between 4.75% - 5.0% this week for our best 80% LTV, 30 year fixed terms for perfect and I mean perfect applicants. So many caveats exist on your final loan offer that it is literally impossible to quote a 'rate' until we have reviewed your equity position, the kind of property you are financing, your credit, liabilities and income. Still --every person who calls or stops me on the street asks: "What is today's rate?" and "Will they go lower?" If only it were that simple. Watching rates has become like watching a volleyball match or the stock market for that matter. If you are the gambling … (0 comments)
WOW...were locking between 4.75% - 5.0% this week for our best 80% LTV, 30 year fixed terms for perfect and I mean perfect applicants. So many caveats exist on your final loan offer that it is literally impossible to quote a 'rate' until we have reviewed your equity position, the kind of property you are financing, your credit, liabilities and income. Still --every person who calls or stops me on the street asks: "What is today's rate?" and "Will they go lower?" 
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