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Thread: Is Mortgage rate's gonna go down again?

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    Duck of Death ShooterMcGavin's Avatar
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    yeah but the deal hasn't gotten through yet. anyway there are even better rates than 5.25 depending on what kinda loan u get. bankrate.com ftw though

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    ^IA's most loved^ UpSideDownDesi's Avatar
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    Quote Originally Posted by shagwAg3n
    yeah but the deal hasn't gotten through yet. anyway there are even better rates than 5.25 depending on what kinda loan u get. bankrate.com ftw though
    yea hasn't finalized yet...bankrate.com is at 5.45%....where did you see less than 5.25%. Looking at the market...looks like rates are gonna go down again. I am just hoping it dromp before 5 for 30 years.

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    Go Gators! BB6dohcvtec's Avatar
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    Quote Originally Posted by shagwAg3n
    yeah but the deal hasn't gotten through yet. anyway there are even better rates than 5.25 depending on what kinda loan u get. bankrate.com ftw though
    its basically done. we are keeping it under the countrywide name for the first year than slowly integrating their system with ours. BOA bought them out for dirt cheap tho.


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    ^IA's most loved^ UpSideDownDesi's Avatar
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    Quote Originally Posted by BB6dohcvtec
    its basically done. we are keeping it under the countrywide name for the first year than slowly integrating their system with ours. BOA bought them out for dirt cheap tho.
    $4billion or did they beat em dow to a lower price?

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    Go Gators! BB6dohcvtec's Avatar
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    it was 4 billion but for a mortgage company of that statue and with the market crapping out thats cheap because if the market was normal it would have cost a hell of alot more.


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    Proud to be Retrosexual Jaimecbr900's Avatar
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    Feds are announcing another adjustment this afternoon. The fluctuation will only affect short term rates, i.e. arms and variable rates, directly. It will take some time for it to trickle down to the fixed mortgage rates, but it will eventually drop those too.

    If you've not refinanced your loans yet and are at some crazy rate, it's now the time folks.

    BTW, all those printed rates are just that....PRINTED....not actual. You have to have VERY good qualifications to get all those ultra low rates that some of those lenders post online. Don't get suckered into a bait-and-switch situation. Far too often people think that just because they SEE some interest rate posted online that they will automatically qualify or even get that. It's not that cut and dry.

    With that said, you should always deal with trustworthy people.

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