Mortgage rates

Assuming your LTV is below 75 and you have good credit, income, assets, etc...4.25% is indeed today's best rate for a 30yr fixed with 0 points..

4.5-4.65 if LTV is 80 (20% down), 30-year fixed.

Sounds like I should lock in the 4.25% on a 30 year before things change.

Well if you're a gambler you can wait till 11/3 and see if the government does quantitative easing. Rates are close to the bottom, but could go down to 4% or below. I'm a gambling man :P

> Well if you're a gambler you can wait till 11/3 and see if the government does quantitative easing.

it's a no brainer!

Mortgage rates are definitely going lower as the gov't is going to ease on 11/3. 4% sounds about right as the goal over the next 3-4 months for the 30yr.

Read Me:
http://money.cnn.com/2010/10/12/news/economy/fed_minutes/index.htm?hpt=T2

Are people really not buying a home because rates are still too high? Hard to believe that the rate will go down to 4% in November.

Not because of the rates, because the prices are still high!

Better to buy at a higher rate and a lower price than vice versa.

You can always sell a cheaper house and pay off the mortgage. The other way all you have is the satisfaction that you have a low rate, but not much else.

what is the best 15yr rate on high balance conforming