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mortgage rates

Started by ekartash
almost 18 years ago
Posts: 364
Member since: Jun 2007
Discussion about
i am buying a 1 bedroom in a new construction. putting down 20%, i will need an $800k mortgage. average credit score of 780. 2007 gross income of $250k (significantly less in 2006). $150k in the bank after the downpayment. what kind of mortgage rate can i expect.
Response by JuiceMan
almost 18 years ago
Posts: 3578
Member since: Aug 2007

what term?

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Response by ekartash
almost 18 years ago
Posts: 364
Member since: Jun 2007

30 fixed or 10/1

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Response by greeny
almost 18 years ago
Posts: 19
Member since: Feb 2008

what's with the 30 yr fixed jumbo rates going up the past few weeks? Some banks are are posting over 8% with one showing over 9%!

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Response by kylewest
almost 18 years ago
Posts: 4455
Member since: Aug 2007

Fears of inflation.

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Response by anonblack
almost 18 years ago
Posts: 14
Member since: Jan 2008

I've seen banks offer 6.25 for the 10/1 ARM and 6.875 for 30-year fixed. Not sure if there are better rates in the market.

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Response by masterd
almost 18 years ago
Posts: 55
Member since: Dec 2007

I've seen rates easing a bit this week. Manhattan Mortgage is quoting 6.375% for 30-yr fixed jumbo today, compared to 6.625% last Thursday.

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