What rate are they giving you today?

Sign up, and you'll be able to vote in polls. Sign up

Report problem with this ad

Sep 17, 2024
9:22:23am

Virginia Ute Truly Addicted User

What rate are they giving you today?

Report problem with this ad

Virginia Ute

Previous username: VirginiaUte
Bio page: Virginia Ute
Joined: Jan 16, 2009
Last login: Sep 19, 2024
Total posts: 52,450 (26,630 FO)

Report problem with this ad

Messages

Author

Time

Mortgage gurus - should we lock our rate today?

trueblue04

Sep 17, 9:14am

The fed cuts rates, so mortgage rates would go up?

tkh9

Sep 17, 9:16am

The thought is that the cut is already factored in, if the cut is smaller than

BYUFootballisBack

Sep 17, 9:17am

Thanks

tkh9

Sep 17, 9:25am

I thought the FED cut was already baked into the rate?

Ycrazy

Sep 17, 9:16am

Yeah there’s like 2% of projected fed cuts baked into the rate.

RdF3

Sep 17, 9:17am

What rate are they giving you today?

Sep 17, 9:22am

6.97% for jumbo loan

trueblue04

Sep 17, 9:26am

Ouch, looks like it's a construction loan, so maybe that explains how high it is

BikeGuy

Sep 17, 9:40am

Dang that is depressing.

Sep 17, 10:39am

Ask your MLO about the fee for "repricing" - there are ways you can lock today

jtm0001

Sep 17, 9:25am

One more thing - you could lock today and if they drop significantly, switch

jtm0001

Sep 17, 9:27am

Unfortunately it's the MLO tied to the builder we're using

trueblue04

Sep 17, 9:33am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad