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Re: How soon will fixed mortgage rates fall below 2%?
Posted by NVLSlady/VA of VA on 7/10/20 11:12am Msg #621869
Yes, and the irony of "increasing capacity" with new hires while more jobs are being permanently lost.
If people can't qualify who are they closing loans for???

On a positive note, I read that many are turning to alternative qualifying metrics (outside traditional FICO), like likelihood of surviving an economic crisis (lol!). I had a good nest egg after my house sale and the Rental "crisis" gobbled most of it up. Lenders wouldn't even look at that. But now, after enduring massive rent payments and fewer reserves . . .

The "stop-start-stop" is industry whiplash for sure!!
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Messages in this Thread
 How soon will fixed mortgage rates fall below 2%? - Clem/CA on 7/10/20 9:48am
 Re: How soon will fixed mortgage rates fall below 2%? - Luckydog on 7/10/20 10:01am
 Re: How soon will fixed mortgage rates fall below 2%? - NVLSlady/VA on 7/10/20 11:12am
 Wells Fargo tells new clients they need $1 million in balanc - Clem/CA on 7/10/20 11:27am
 Re: Wells Fargo tells new clients they need $1M - NVLSlady/VA on 7/10/20 12:03pm
 Re: How soon will fixed mortgage rates fall below 2%? - Luckydog on 7/10/20 12:18pm
 I'm seeing rates like 2.5% on a 15 year term. I saw rates -  MW/VA on 7/10/20 3:04pm
 I'm seeing 2.2% to 2.5% in my area. n/m - CST on 7/10/20 3:39pm
 VA or conventional? n/m -  MW/VA on 7/10/20 7:23pm
 Re: VA or conventional? - Luckydog on 7/11/20 10:04am
 30 year 2.75 APR here - Clem/CA on 7/10/20 9:38pm



 
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