DO you know mortgage rates are going up or down? is it time for locking the mortgage?
477922
THE FED WILL INCREASE THE RATE BY AT LEAST ANOTHER .75% THIS YEAR. THIS WILL BRING THE PRIME TO ABOUT 8.5% SO YOU BETTER BE SURE OF THE INCREASE. LONG TERM FORECAST IS PROBABLY A MUCH SLOWER GROWTH OF THE FED RATE.
784508
Are the lates on the mortgage?  If so, the 60-day is what is killing the 85%.  Unfortunately, I don't know of any lenders that would be willing to do that LTV either.  Have you tried hard money lenders?
453687
If at all possible get a fixed rate. When considering a bank(or any entity) for your mortgage the rate should not be the only consideration. There are a number of fees, some normal some junk, that are added to the cost of the loan. Compare and make a judgment based on all the factors.
61482
An adjustable rate mortgage is just that--it will adjust monthly or so, depending on your loan agreement.  On a fixed rate mortgage, the interest rate stays the same and the principal and interest payment will be more consistant.\n\nThere are mortgages where you can get the loan fixed for two, three or five years and then it is an adjustable rate after that.  Most people will refinance again to keep the lower rate.\n\nThe benefits and pitfalls depend on your special situation. I always ask my clients for thier goals before deciding which product to put match them up with.\n\nIf you'd like to call and talk about your goals and which might be better for you, please feel free to call 877-659-5626.  I'll let Laura know about this and she'll be able to help you.
50372
I would go with a 15 or 30 year fixed for now.  Even with the rise in short-term rates, the long-term mortgage rates have remained fairly low. ARMs on the other hand have climbed.
263798
I currently have some very good government rates.  We are also a lender, not a dreaded broker.\n\nIf you would like more information, please contact me directly at timothy.kazee@americanhm. com and we can talk.
257397
Now is getting to be the perfect time to buy and hold. We just came out of a huge sellers market. Prices are not skyrocketing like we saw last year, and it is taking a lot longer for real estate to sell.\n\nNow is the perfect time to buy, interest rates are on the rise which really brings in a lot less buying competition, sooner or later interest rates will fall again, you can refinance and you will look like a genius, buying when everyone else was selling.\n\nBUY and HOLD, best wishes!!!
754954
you only have so many days after you sign the app to do the mortgage with the locked in rates\nif you were in that timeframe I don't see how they could put the rate up
336291
Going through old files.  Interest rates were much higher a few years ago and a lot of the people with 10% interest rates may be interested in refinancing considering they wouldn't have to add that many more years to their mortgage.  Assuming you're in the mortgage business, that is.\nAnd I know that it's difficult, but cold calling works as well.  Sending out inexpensive flyers works, too.
805765
i reckon so, im just waiting for a collapse, as are a couple of my pals who have sold and rented keeping the profit in a bank. interest is due to go up this week to 5%, and it will need to go up again before february. sounds good to me, lots of cheap houses that have been repossessed because silly people cant keep up with the payments when the fixed rate runs out and the payments increase by 40% a month.
425508
If I had a magic ball..I would be doing something else with my life than writing mortgages...my opinion after 13 years of watching the market move..I think rates will continue to climb...my guess..7.5 by year end...8.75 by end of next year...i really think they will then move into the 9% range..total of 4 years we will see a refi boom...but rates will only fall to the high 7% range...I will never see rates in the 6's or below in my lifetime again...just an opinion.
594418
Does your mortgage have a cap rate?  If it does, it will eventually stop going up.  If the cap is low enough, you don't need to worry, but otherwise, I'd agree with the previous answer...I refinanced my variable rate mortgage last year because I knew this was coming.  You really need a fixed rate mortgage in this environment.
610223
What I would do ? Search for some mortgage brokers web sites,  visit them, and contact those who looks the some agressive in their sales strategies. \n\nHope it helps,
404779
Real estate markets vary state to state as taxes .Real estate usually raises and I really don't see the past history doing other wise.Banks are now raising rates .We had a nice rate on real estate loans for awhile.Now people are slowing down buying and rates are going up again.
1006592
There are several options there but you may be better of talking to your bank, a mortgage broker and perhaps check an online offer to give you three options.  Keep in mind it may give you peace of mind to work with a local buisness or bank for your mortgage.  It never hurts to shop I tell all of my customers to shop around.  Check origination, lock fees, rates are important but can be less of an indicator of a "good loan" or not.
891816
Hello, in the past two years you don't think the value of your current property has risen $15K?  If not then you should certainly wait.  Purchasing a new home right now also has its downside as their value may still be increasing but not as it was a few years back.  So I would sit tight for a bit and build more equity before you make any rash decisions.  You should never owe money out of pocket on your home when you sell it!!!
529046
I know that 15K looks like a lot, but what you should consider, kind of along the lines of the longer response below is your time line for the home.  If you are going to live in the home for a long time then you might want to check out a lower rate.  You can always check with a mortgage broker whom can run the rates and tell you how much you can save... I used a site called http://www.rezponze.com when I refinanced my home and got 3 different quotes that I could compare.  Ended up saving a boat load when I did it. I listed a few other sites that you can see rates live as well below. \n\nI would say that right now probably isn't the best time with interest rates rising.  I would probably wait it out till August who knows what the economy might be like then.  Best of luck...