RATE UPDATE...PLEASE READ!

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el_flasko
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RATE UPDATE...PLEASE READ!

Post by el_flasko » Mon Sep 08, 2008 11:22 am

With the news about Fannie/Freddie rates have bottomed again! I don't have a clue as to how long it will last (no one does in this market :? ), but I wanted to make you all aware. For well qualified non-jumbo borrowers the 15yr rates dropped into the mid 5's and the 30yr dropped back into the 5's for the first time since March/April of this year!! :o

Please give me a call if you were on the fence about buying/refi'ing before!

Ryan

Ryan@harfordfunding.com
Ryan Lowry
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Ryanlowry@comcast.net
http://www.1stmarinermortgage.com/rlowry
Work: 410-804-5978
Fax: 443-563-1074

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Re: RATE UPDATE...9/15 update!

Post by el_flasko » Mon Sep 15, 2008 9:42 am

Just a heads up to all of you that have me looking for a specific rate. The market is going to be all over the friggin place today, so look for a possible call/email from me. No guarantees (there never are), but with this kind of volatility comes crazy rate swings in both directions.

Stay tuned :beer:
Ryan Lowry
Branch Manager
Ryanlowry@comcast.net
http://www.1stmarinermortgage.com/rlowry
Work: 410-804-5978
Fax: 443-563-1074

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Re: RATE UPDATE...PLEASE READ!

Post by el_flasko » Tue Dec 09, 2008 2:29 pm

This post is going to be like a roller coaster ride throughout the market silliness.

The rates are back down again, and well qualified borrowers (strong credit, debt ratios, and equity positions) are seeing low to mid 5's on 30yrs again. I even saw a 15yr fixed rate hit the 4's again :shock:

I've received a lot of calls about the Gub-ment saying they "might" be working on rates to 4.5%, but PLEASE keep in mind this is not official, and will most likely be geared towards purchase money loans and have very strict guidelines (obviously). I have NO OFFICIAL info on it yet, but will keep you posted as things arise.

:D

Ryan
Ryan@HarfordFunding.com
410-670-7025
Ryan Lowry
Branch Manager
Ryanlowry@comcast.net
http://www.1stmarinermortgage.com/rlowry
Work: 410-804-5978
Fax: 443-563-1074

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Re: RATE UPDATE...PLEASE READ!

Post by wesleypipesyo » Tue Dec 09, 2008 5:01 pm

Any chance the housing values are bouncing back up yet?
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Re: RATE UPDATE...PLEASE READ!

Post by el_flasko » Tue Dec 09, 2008 9:15 pm

wesleypipesyo wrote:Any chance the housing values are bouncing back up yet?
In some spots, "leveling out" is the term they're using. The fawkers on CNN and other stations are simply scaring people into making this worse imho. The value coming down a bit was a necessary correction to a point, but some areas should not be as low as they've fallen. Once houses start moving again, the values will self correct...
Ryan Lowry
Branch Manager
Ryanlowry@comcast.net
http://www.1stmarinermortgage.com/rlowry
Work: 410-804-5978
Fax: 443-563-1074

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Re: RATE UPDATE...PLEASE READ!

Post by Jacks or Better » Wed Dec 10, 2008 6:37 pm

These rates have me sitting on the edge of my seat!!! I need a good swing!!!
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