MBS UPDATE: IMPROVED OFF THE LOWS

re: MBS UPDATE: IMPROVED OFF THE LOWS

Rebecca Angeles — Tue, 10 Mar 2009 17:23:34 GMT

Thank you, Bobby, I do agree I probably should not float much longer, and I may not qualify for the Refi Plus, anyway.

re: MBS UPDATE: IMPROVED OFF THE LOWS

Bobby Downey — Mon, 09 Mar 2009 20:01:49 GMT

Rebecca no real advantage to you if you have great credit and low LTV....there are no LLPAs for you to worry about and or price hits for credit....the DU Refi Plus is for people with high LTVs or credit issues outside of mortgage history...you should go ahead and do a normal refinance while rates are low......the only benefit may be an appraisal waiver but that is an unknown...I would trade the peace of mind today for what tomorrow may hold any time...just my .02 cents..

re: MBS UPDATE: IMPROVED OFF THE LOWS

Rebecca Angeles — Mon, 09 Mar 2009 19:35:04 GMT

Adam and VIctor, I have benefited greatly from your knowledge, and I finally understand MBS and TSY, and their relationship to mortgage rates. I am very glad I found your site--thank you! I am in the process of negotiating a mortagage refi, and recently e-mailed your link about DU Refi Plus to my mortgage professional. Although I will likely qualify for a good rate, due to excellent credit and sizable home equity, I will investigate this plan as an option to a conventional refi. Are there any downsides to participating in the Refi Plus program, should I qualify, versus a conventional refi? Thanks very much!

re: MBS UPDATE: IMPROVED OFF THE LOWS

Garth Cook — Mon, 09 Mar 2009 19:05:09 GMT

Green accross the board. Best levels of the day.

re: MBS UPDATE: IMPROVED OFF THE LOWS

Brian Pack — Mon, 09 Mar 2009 18:55:53 GMT

Ok, just found this site and I am new to MPS and mortgage rates. I am looking to refinance, my bank is offering 5.25% with excellent credit. It was 5.125 last friday. From what I have read it looks like rates may fall again tomorrow, is that right? What is an easy way to tell where rates are headed?