Interest Rates
- Thread starter PsyOps
- Start date
Tilted
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Mortgage rates have crept back up ever so slightly in the last month. U.S. Treasury yields are starting to climb. However, the Fed players' rhetoric still indicates more concern with deflation than inflation, so who knows when they'll state raising rates - I've heard a few people suggest that it wouldn't be until June of next year.
SquishyPossum
Member
I concur with Tilted. Rates were the lowest in the beginning of December but in the last week, they have increased and/or the discount points associated with them have risen sharply in the past week.They are like gas prices, sharp increases and then take their sweet time coming back down......FYI (I'm about to close on a house in three weeks and I monitor them hourly.)
Tilted
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It's hard to know how long they'll carry on with the lunacy, but their rhetoric doesn't point to them abandoning it soon. It surely won't be next month.
designer300z
New Member
Rates Jumped up today. Last week it was as low as 4.75, and this morning it hit 5.125, which is the highest we've seen since August. It's anybody's guess as to where they go right now.
Baja28
Obama destroyed America
I just closed on a 3.75% refi with ING.
Easy Orange Rates
Easy Orange Rates
Tilted
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Freddie Mac's Primary Mortgage Market Survey indicated that the average 30-year fixed rate mortgage jumped to 5.14% this week - a 4-month high. You're right - it's anybody's guess, but at this point, I wouldn't bet on any significant and sustained decline in rates.
Tilted
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3.75% - Ay caramba! How long is that for? It can't be fixed if it is for 20 years or more, can it?
I've got a couple of significant CDs maturing in a few months that I had locked in before rates really tanked - me sad.
Baja28
Obama destroyed America
It's for 5 years. You can settle online or at a location of your choosing. I had the guy come to my house. Closing costs are cheap too.3.75% - Ay caramba! How long is that for? It can't be fixed if it is for 20 years or more, can it?
I've got a couple of significant CDs maturing in a few months that I had locked in before rates really tanked - me sad.
Tilted
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Gotcha. That's still pretty cheap money. Heck, they could get 2.68% loaning the money to the federal government for 5 years - and that's 0 risk (er, uh, maybe).
Dupontster
Would THIS face lie?
Geoff is looking to refi....I might need some info....Closing costs are out of sight...