Posted by desktopfull on 6/21/13 6:46pm
Msg #474288

Rates are definitely going up, got my 1st. 5%/30 yr. today. n/m

Reply by ME/NJ on 6/21/13 8:10pm
Msg #474294

Just think 30 days ago they would of save about

30K (on avg) over the life of the loan. 1/2 point increase is about 100/month more.

Reply by desktopfull on 6/21/13 9:40pm
Msg #474304

Re: Just think 30 days ago they would of save about

Took 4 months for loan to get approved, the borrower's original rate expired and the lender wouldn't give an extension. I think things are about to tighten up on loans.

Reply by NVLSlady/VA on 6/22/13 8:01am
Msg #474319

Re: Rates are definitely going up, got my 1st. 5%/30 yr. today.

Borrowers got less than 3.0 (navy fed) on a 15. LnAmt.= $745K

(Glad I'm not paying that one!)

Reply by Yoli/CA on 6/22/13 10:55am
Msg #474329

Dunno 'bout all that ...

yesterday, had a 30 yr $1,046,000 primary residence at 3.625%, P&I $4770. Borrowers did a "high five" when they saw the monthly payment. They're getting out of a 6%.

Guess it all depends who your (private wealth) "mortgage consultant" is .....

Reply by Notarysigner on 6/22/13 11:14am
Msg #474330

Re: Dunno 'bout all that ...

Yep, I'm leaving to do four signings today all under 3.75%

Reply by 101livescan on 6/22/13 12:04pm
Msg #474333

Re: Dunno 'bout all that ...

had a 5 yr libor on 1.34mil for 2.25% Montecito digs bright and early this morning. You know I got the name of that LO for marketing! Clients were ecstatic. Tomorrow purchase at 3.25% on $4mil ocean bluffs shack.

Reply by HSH/WA on 6/22/13 1:37pm
Msg #474338

Re: Highest I've seen is a little over 4% 30 yr fixed. They

are moving up. It doesn't take much of an increase to turn off the refi market. In my experience about 1 1/2% increase will do it.