Deleted
Joined: Nov 22, 2024 15:14:26 GMT -5
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Post by Deleted on May 2, 2011 18:25:22 GMT -5
I'm under 60 days out on my new home closing, so I'm trying to read the tea leaves for future mortgage rates. Rates have been trending slowly down and it looks like 30 year fixed conventional are 4.75% on average.
For those "in the industry", what is the expectations on treasuries in the short term with the debt ceiling deadline, QE2 winding down, and a slowly growing economy?
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on May 5, 2011 16:50:30 GMT -5
There will be some bull at closing where the lender has to go up on the rate for some lame ass excuse. They will have a 60 to $80 increase in your payment. So you will be at closing and about to get your new house... What will you do? I ask a lender one time if he ever went to closing and the rate had dropped and the homeowner was going to pay a smaller payment than he had been told. He looked at me laughed and said no never. What a band of crooked no good sob's those guys are! Let me know what happens! You do not have a hair if you do not stand up and tell them to go !@#$$#$%%$ themselves and walk out. They will stop you at the car and pullout the old rate and do the deal. Keep me posted!
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