Skip Navigation
StreetEasy Logo

Interest Rates

Started by bblitzmu
over 16 years ago
Posts: 10
Member since: Mar 2009
Discussion about
What's up with the interest rates sky rocketing over the past couple weeks? This isn't going to help the housing recovery in NYC!!
Response by marco_m
over 16 years ago
Posts: 2481
Member since: Dec 2008

not to mention it might bankrupt the country

Ignored comment. Unhide
Response by CarolSt
over 16 years ago
Posts: 361
Member since: Jun 2009

The last 2 weeks have been brutal for rates. If you haven't gotten locked in one yet, don't be shell shock when you speak with your mortgage broker today. If you need a high balance conforming up to 720K for 30 year fix, you're looking at about 5.825 in Wells Fargo. This is assuming you put down 20% with credit score of 740+.

Still low by historical standards....but just 3 weeks ago..it was in the 4s.

Ignored comment. Unhide
Response by eponymous
over 16 years ago
Posts: 23
Member since: Jan 2007

That is exactly where we are CarolSt - 3 weeks ago we were quoted 5.25 now it is nearly 6.

Anyone think the rates will dip in a month or two?

Ignored comment. Unhide

Add Your Comment