Mortgage rate trends - next two weeks?

on the same note, what are people seeing for a 550k 30 year fixed? this is a refinance. i am being offered 5.2 with no points

i had a friend get an offer on a purchase of 4.75% a week or so ago. don't know if refi should differ by almost 1/2%.

Locked a week or so ago on a 30 yr. fixed with no points in the 550k range at 4.75%. Had heard that some banks were offering as low as 4.625 for a brief time.

Yesterday I was offered 4.625% on a conforming (under $729K) 30 yr fixed, and 5% on a jumbo 30 yr fixed. Both with no points. ekartsh your numbers seem high for a conforming 30 yr fix.

downtownchica, which bank offered u a 4.625% 30 year fixed?

citibank.

and I think 4.697 Wells Fargo

And Nypaloto, I locked yesterday b/c historically rates are at an all time low. I figured that they wouldn't probably go any lower...but who knows?

Conforming (<729,750) rates can be anywhere from 4.625% - 5% depending on the loan to value and property type. Assuming good credit of course. As far as rate predictions, it's a toss up. sunny.hong@bankofamerica.com

I would lock in the rate now. There is more of a chance of rates increasing then decreasing. Rates for the most part have never been this low. 30 year should be 4.75 or less with no points.

whoa, not sure what happened to my previous comment.
Conforming (loan amounts <729,750) 30 year fixed rates are going from 4.625% - 5% with 0 points depending on the loan to value, property type. Assuming good credit. Where rates will go is a toss up but with rates this low I think it can only go up at this point. sunny.hong@bankofamerica.com

is it true if my wife is preggers, BofA MUST give us a mortgage?

They must...and you get a half off the rate. =)

And then 9 months later, the stork comes to your house to deliver the foreclosure orders.

shong, where are 15 year fixed rates for private banking clients?

If you can email me loan amount, loan to value, and property type, Ill be gald to quote you some rates. Thanks.

i am being quoted by chase. this is a refinance, and our current mortgage is with chase. we dont want to deal with having the mortgage transfered (to avoid mortgage recording tax).

ekartash - you can still refinance with another bank and avoid mortgage tax. Other banks can do CEMAs (consolidation extension modification agreement) or what is also referred as an assignment. We do CEMAs with Chase loans all the time and their turntimes are pretty quick.

I have a 30yr quote for 4.65% 0 pts currently, schwab

I'll know in 24 hours if she is preggers...

Tell the stork take the long way here, with the court backlog, I'm expecting my kid to be in HS by the time I get my foreclosure notice...

Is it two line preggers or one line? ; )

My bank tells me that, after the lock-in period expires, I have two options: 1) to extend the locked-in rate for a fee of 0.125%, or 2) float/re-lock it for 0.5%. Just letting it expire and float with the market is not possible due to some Fannie Mae contracts/regulations. Can anyone confirm if that's correct? Just seems a bit odd to me that my only options after the lock-in period expires will result in fees.

Any thoughts from anyone on my dilemma?

Wells Fargo credited back the fee after I balked. I think there are Fannie mae regulations, and reality. I found that negotiating the costs was very close to buying a car. Completely BS "let me talk to my boss" techniques followed by caving in when I threatened to walk.