Running rate/market updates thread...

[el_flasko]

30yr dropped back into the high 4's and the 15yr is in the low to mid 4's

SIDE NOTE: The general concensus is that rates are going to start going back up mid year, and prior to this, FHA is going to tighten up their guidelines A TON. For those considering a refi, it's time to take a look. The new disclosure laws and much tighter guidelines, although they do serve a purpose, are hurting well qualified borrowers that should be able to take advantage of these great rates. My only advise is...please see if you can qualify now as it is only going to get tougher in the near future.

Purchases are still going strong and the $8000 first time buyer credit and the $6500 current owner/new buyer credit has as well. With rates like this and house prices the lowest they've been in years, the time to look is now.

FHA will be raising their fees from what I am hearing and their credit requirements will be tightening up as well.

As always, please email or call me with any questions or scenarios you would like to look thru

Ryan Lowry
410-670-7025
RLowry@mdmutual.com

[flimmy]

sent you an email

[el_flasko]

Originally Posted by flimmy

sent you an email

pm sent...

[el_flasko]

Rates have been all over the place for the last couple weeks, but still hovering in the high 4's and low 5's for well qualified borrowers with strong ratios etc.

As always, call me with any scenarios etc, there are some new gov't programs out there for people looking to refi with little equity.

Ryan

[el_flasko]

Rates are stupid good right now...that is all

[el_flasko]

Originally Posted by el_flasko

Rates are stupid good right now...that is all

They are even more stupider now...unreal

[frosty]

Originally Posted by el_flasko

They are even more stupider now...unreal

[Arya Ebrahimi]

Originally Posted by el_flasko

They are even more stupider now...unreal

how stupid is stupider?

[RatLabGuy]

Ryan, you hear about this?
http://articles.baltimoresun.com/201...es-freddie-mac

MD program for "BRAC Counties"... which is most of us... 4.5%

[el_flasko]

Originally Posted by RatLabGuy

Ryan, you hear about this?
http://articles.baltimoresun.com/201...es-freddie-mac

MD program for "BRAC Counties"... which is most of us... 4.5%

I had heard...funny thing is rates are bouncing between 4.5 and 4.875% now anyway, so it's not really a huge deal unless they pop up again. They also do not state if it will apply with a certain fee template, or if it's just conv/fha or VA loans in the pool. It "could" and should be a good thing, I'm just hoping they go about it the right way.

[el_flasko]

I really have no words for these rates now a days. Hovering back and forth in the mid 4's and I even saw 4.375% pop up for a bit the other day. I actually locked a 15yr last week at 3.75% fixed. Obviously, as usual, you need strong credit, ratios, etc to qualify. Like I said before, if you ever were thinking about whether or not it's worth looking at, now is as good a time as I have ever seen.

Email or call me with scenarios...

Ryan
RLowry@mdmutual.com
410-670-7025