mortgage rates

decides2dream · January 2009

anyone know of any comparison sites for rates?
i know you can look up banks, individually, to see what their current rates may be...but anyone know of a site(s) that actually show differening rates for comparison purposes? or, simply suggestions for banks at the moment with good rates?

we are in the midst of considering a refinance, as my sister just locked in a sweet rate - so of course we will look into her bank - but just curious as to others. first time we got our mortgage, and the firt time we refinanced, actually used the newspaper. :P just looking to be expedient.

i know rates won't sty this low for long, i'd love to lock in before the end of next month...b/c come march, i'll have zero time to do any of it anyway.

so please...suggestions welcome!

inmytree · January 2009

http://www.bankrate.com/

The Juggler · January 2009

bankrate.com has a lot of good info on there.

rates will probably be this low through the end of the year...

just curious, what rate did your sister get?

kevinbeetle · January 2009

rate are slowly going back up. a month ago, i could have gotten 4.75%. last week i locked in at 5.125% for a 20 yr fixed, while knocking off 5 years of my mortgage, a percentage point, and am saving ~$150/month.

The Juggler · January 2009

kevinbeetle wrote:

rate are slowly going back up. a month ago, i could have gotten 4.75%. last week i locked in at 5.125% for a 20 yr fixed, while knocking off 5 years of my mortgage, a percentage point, and am saving ~$150/month.

well i could've got ya 4.875 last week with no points at my new company. :P i dont start there till next week though...

rates will always creep up a little and go back down, but overall, they will be in this general for most of 09 based on everything i've seen and read...

decides2dream · January 2009

The Jeagler wrote:

kevinbeetle wrote:

rate are slowly going back up. a month ago, i could have gotten 4.75%. last week i locked in at 5.125% for a 20 yr fixed, while knocking off 5 years of my mortgage, a percentage point, and am saving ~$150/month.

well i could've got ya 4.875 last week with no points at my new company. :P i dont start there till next week though...

rates will always creep up a little and go back down, but overall, they will be in this general for most of 09 based on everything i've seen and read...

thanks for bankrate...checked it out.
hubby already made a few calls today, i did the amortization tonight. sadly, it just doesn't make sense to go forward. we already refinanced 6 years ago and got a damn good rate then....5.75. sis locked in at 4.75 this month. she was over 6.2 earlier, so a significant savings for her. for us - it's not enough savings to warrant it at all. appreciate the info tho! was hopeful, but yea...just not significant enough different, especially factoring in closing costs, etc. too bad, woulda been nice. was hoping to take a bit more equity out, keep our payments and years left the same. eh well.

and kevinbeetle?! look what the 10c cat drug in.

what a blast from the past!

kevinbeetle · January 2009

decides2dream wrote:

The Jeagler wrote:

kevinbeetle wrote:

rate are slowly going back up. a month ago, i could have gotten 4.75%. last week i locked in at 5.125% for a 20 yr fixed, while knocking off 5 years of my mortgage, a percentage point, and am saving ~$150/month.

well i could've got ya 4.875 last week with no points at my new company. :P i dont start there till next week though...

rates will always creep up a little and go back down, but overall, they will be in this general for most of 09 based on everything i've seen and read...

thanks for bankrate...checked it out.
hubby already made a few calls today, i did the amortization tonight. sadly, it just doesn't make sense to go forward. we already refinanced 6 years ago and got a damn good rate then....5.75. sis locked in at 4.75 this month. she was over 6.2 earlier, so a significant savings for her. for us - it's not enough savings to warrant it at all. appreciate the info tho! was hopeful, but yea...just not significant enough different, especially factoring in closing costs, etc. too bad, woulda been nice. was hoping to take a bit more equity out, keep our payments and years left the same. eh well.

and kevinbeetle?! look what the 10c cat drug in.
what a blast from the past!

if only the new people knew...

fanch75 · January 2009

Beetle, what's up playa

The Juggler · January 2009

decides2dream wrote:

The Jeagler wrote:

kevinbeetle wrote:

rate are slowly going back up. a month ago, i could have gotten 4.75%. last week i locked in at 5.125% for a 20 yr fixed, while knocking off 5 years of my mortgage, a percentage point, and am saving ~$150/month.

well i could've got ya 4.875 last week with no points at my new company. :P i dont start there till next week though...

rates will always creep up a little and go back down, but overall, they will be in this general for most of 09 based on everything i've seen and read...

thanks for bankrate...checked it out.
hubby already made a few calls today, i did the amortization tonight. sadly, it just doesn't make sense to go forward. we already refinanced 6 years ago and got a damn good rate then....5.75. sis locked in at 4.75 this month. she was over 6.2 earlier, so a significant savings for her. for us - it's not enough savings to warrant it at all. appreciate the info tho! was hopeful, but yea...just not significant enough different, especially factoring in closing costs, etc. too bad, woulda been nice. was hoping to take a bit more equity out, keep our payments and years left the same. eh well.

!

glad the jeagler could be of assistance to you...

decides2dream · January 2009

The Jeagler wrote:

glad the jeagler could be of assistance to you...

god bless.

i will say tho, seems that bankrate only focuses on 15, 20 and 30 year mortgages. would be nice if they would allow you to choose your terms, like 25 years.

would be nice if a site existed that showed the rates of various banks and one could just look and compare. our local paper used to do that, and as i said...that's how we researched both when we first bought our home, and when we did refinance....and i know we got great deals both times b/c anyone who got mortgages at the same time, no one got a better rate.

i am a bit bummed....i really wanted to save a few $$$ each month, or take more equity but keep our payment the same. the rate, amazingly, just isn't quite good enough for it to be worth the effort, and most especially the closing costs, etc. checked with our own mortgage co. b/c they have a deal if you are an existing mortgage holder, refi with no closing costs, appraisal fees, etc.....but the rate was way higher than we pay now. :P and the chick on the phone kept trying to convince my husband what a great deal it was and he was like....err, no....our rate is much lower now...and she's just all about , but you don't have to pay closing fees!

it sounded like quite the comical conversation....

The Juggler · January 2009

decides2dream wrote:

The Jeagler wrote:

glad the jeagler could be of assistance to you...

god bless.

i will say tho, seems that bankrate only focuses on 15, 20 and 30 year mortgages. would be nice if they would allow you to choose your terms, like 25 years.

would be nice if a site existed that showed the rates of various banks and one could just look and compare. our local paper used to do that, and as i said...that's how we researched both when we first bought our home, and when we did refinance....and i know we got great deals both times b/c anyone who got mortgages at the same time, no one got a better rate.

i am a bit bummed....i really wanted to save a few $$$ each month, or take more equity but keep our payment the same. the rate, amazingly, just isn't quite good enough for it to be worth the effort, and most especially the closing costs, etc. checked with our own mortgage co. b/c they have a deal if you are an existing mortgage holder, refi with no closing costs, appraisal fees, etc.....but the rate was way higher than we pay now. :P and the chick on the phone kept trying to convince my husband what a great deal it was and he was like....err, no....our rate is much lower now...and she's just all about , but you don't have to pay closing fees! it sounded like quite the comical conversation....

again, just out of curiosity, what company was this and what kind of rate would you have gotten with no fees?

the jeagler merely asks just to see what his competition is up to!

also, at my new place (well in this new division i will be in at least), we have fha loans where you can take out equity up to 95% of the home's value and still get a very decent low rate with minimal fees....like around 5% or slightly lower with no points as of a couple weeks ago anyway. i could take a look at it for you when i start if you'd like...

The Juggler · January 2009

also, i forgot to mention, with bankrate.com--if you enter your zip code in the box above the national averages and fill out a couple pieces of info on the next page, it should show you what local banks are offering in your area

Nothingman54 · January 2009

My brother got a house last week and his rate is 4.75 Lucky bastard.

The Juggler · February 2009

Nothingman54 wrote:

My brother got a house last week and his rate is 4.75 Lucky bastard.

good for him! god bless that son of a bitch!!

mortgage rates

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