Posted by fiKS on 4/17/06 2:06pm
Msg #114012

Interest rates up

6.75 last week. I guess this means refi's are slowing down...increased HELOCS???

Reply by Roger_OH on 4/17/06 2:15pm
Msg #114015

I've also been seeing a lot of folks who had been enjoying a low variable rate the past few years now scrambling to lock in a fixed.

Reply by fiKS on 4/17/06 2:18pm
Msg #114017

I spoke to couple LO who said that people don't rush to refi their ARM because they are hoping rates will go down. I personally don't think it will ever go below 6 again. The pain for those who have ARM with 4.5 margin!!!

Reply by Janlee_MI on 4/17/06 3:39pm
Msg #114030

I remember when they were 21 percent

Never thought they would be below 10%. So don't give up. Someone will always need a loan, and a closing maybe not as many. Rates are still great. 5 years ago we would of been excited for a 7% rate.