Advertise on Bikeforums.net



User Tag List

Results 1 to 7 of 7

Thread: Mortgage rates

  1. #1
    Senior Member kevmk81's Avatar
    Join Date
    Feb 2007
    Location
    West Peoria, IL
    My Bikes
    Trek 1500, Cannondale CAAD10
    Posts
    317
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Mortgage rates

    Anybody know a good mortgage rate analysis website with some keen information regarding rate predictions?

    I've found bankrate.com, but am wondering if there's a similar source...

    Any help would be greatly appreciated! Oh yeah, you can give your own personal opinion also, I won't take it to heart I'm curious what will happen Wednesday with Obamas stimulus plan... as a new home buyer that just bought a house, I'm afraid to wait for too long to lock in my rate. My thought is that the rates will be going up.

  2. #2
    Footballus vita est iamlucky13's Avatar
    Join Date
    Jun 2002
    Location
    Portland, OR
    My Bikes
    Trek 4500, Kona Dawg
    Posts
    2,118
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I haven't found anything more useful than bankrate.com, and watching the rates of lenders I'd consider using, although I wouldn't be surprised if there's subscription stuff available like real estate agent oriented magazines or sites.

    I suppose rates might jump a little after Wednesday, but not more than a quarter percent. The federal rate is still almost nothing, and lenders won't raise rates until they know they can still sign mortgages or if they find their costs are too high. There shouldn't be any surprise costs cropping up right now.

    I can't see rates getting much lower than they are now. If it were me, I'd be locking in right now. Even if they do drop, it won't be by much, and that will just be the cost of a little peace of mind.
    "The internet is a place where absolutely nothing happens. You need to take advantage of that." ~ Strong Bad

  3. #3
    Portland Fred banerjek's Avatar
    Join Date
    Oct 2005
    My Bikes
    Custom Winter, Challenge Seiran SL, Fuji Team Pro, Cattrike Road/Velokit, РOS hybrid
    Posts
    10,258
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by kevmk81 View Post
    Anybody know a good mortgage rate analysis website with some keen information regarding rate predictions?
    Market rates typically reflect any events that are expected. The only time this is not true is when something other than what was expected happens.

    They're not going to zoom way up or down more than a little bit in the short term.

  4. #4
    Senior Member gapowermike's Avatar
    Join Date
    Jun 2005
    Location
    McDonough, Georgia
    My Bikes
    Trek 1000 & 4100 & 5500
    Posts
    860
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    If you've already bought the house, then the interest rate is set...surely you didn't go variable.

    Michael
    RIP Stacey. =3.

  5. #5
    Senior Member kevmk81's Avatar
    Join Date
    Feb 2007
    Location
    West Peoria, IL
    My Bikes
    Trek 1500, Cannondale CAAD10
    Posts
    317
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by gapowermike View Post
    If you've already bought the house, then the interest rate is set...surely you didn't go variable.

    Michael
    Oh no, I definitely didn't go variable! But the interest rate is not set yet! I have/had an option of a 60 day rate, 45 day rate, and a 30 day rate (days prior to closing date). Right now I'm within the 45 day rate, which of course isn't as good as the 30 day rate. Eh... I have no idea if I should wait 15 days. It could change quite a bit in 15 days... I think.

    It feels like a game of Russian roulette.

  6. #6
    Senior Member
    Join Date
    Feb 2005
    Location
    No Va but ride also in So Md
    My Bikes
    Cervelo SLC-SL, Guru Photon, Waterford, Specialized CX
    Posts
    7,990
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    This isn't like a couple years agao where rates were all over the place. They won't go up or down much at all because they are so low already. Do whatever puts your mind at east. If they go up, remember interest is a tax deduction.
    You're just trying to start an argument to show how smart you are.

  7. #7
    runnin' down a dream edbikebabe's Avatar
    Join Date
    Jul 2006
    Location
    Somewhere out there
    My Bikes
    Turner Flux, Orbea Onix Dama.
    Posts
    2,727
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I went variable when I renewed in August. Best decision I could have made. My rate is crazy low (and dropped a couple of times since then). I also have the option of locking in with a fixed rate if things start getting better. Of course, the fixed rate will be way higher - but still. It made the most sense for me.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •