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!!
not to mention it might bankrupt the country
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.
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?