http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspxResistance abounds.... Yesterday and today, the 5.0 encountered a floor around 101-17 to 101-18 Thus far, 5.0&#39;s unable to crack a ceiling at 101-24 (1 tick up on the day at least!) 10UST wasn&#39;t willing to crack 3.6, despite numerous tries, butenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88913Wed, 01 Jul 2009 21:22:34 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88913Adam JanikA buydown is any fee you pay specifically to drop the rate. Is the one point origination or one point discount? Have your lender give you a Good Faith Estimate to see what the lender/broker fees are. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88913" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88901Wed, 01 Jul 2009 20:58:22 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88901david massThanks Adam. We will be putting the house on the market pretty quickly. Just signed the contract yesterday. Explain to me what the buydown is. Is that paying points to get a lower rate? I should have mentioned I will be paying 1 point, so that may be tied to the buydown. I guess I have another question for my lender. Ya, I see what you are saying. $50 isn&#39;t much in the big picture. Also, builder pays $2k towards closing costs with preferred lender, which WF is.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88901" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88900Wed, 01 Jul 2009 20:58:19 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88900Chris KendallOK, I&quot;m off this rollercoaster. Just locked at 5.375 with an option to float down. Close is the 17th. I took everyone&#39;s advice about grabbing a rate you can live with as opposed to getting hit later with something worse, and knowing my luck it could happen easily. Thanks for all the great comments and advice everyone!<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88900" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88897Wed, 01 Jul 2009 20:49:07 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88897Adam JanikDavid your biggest red flag is the LO putting the idea of 4.875% in your head. Rates have not been that low without a buydown since before black wed. The difference in your P&amp;I payment between 4.875 and 5.125 is a little over $50. I would also get your current house on the market stat if you intend to sell it. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88897" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88880Wed, 01 Jul 2009 20:18:57 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88880david massCrazy as it sounds in this market, I am having a house built. I have been offered 6 month lock with no fee. Currently I can get a rate around 5.125% - 5.25%. Mortgage would be approx. $340k (if I can sell my current home, which I feel confident I can). House will take 8 months to build. Lender says they will re-lock. Not sure what the fee would be for that though. Have not locked in yet. Credit score is 780. Am I crazy not to lock now or should I wait? At best the lender thinks 4.875 is possible so I am wondering if it&#39;s worth the risk of not locking now. Any red flags here? Lender is with Wells Fargo. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88880" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88877Wed, 01 Jul 2009 20:09:36 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88877cstarHey Hammer, how&#39;d you like to work in my market? My average loan size is only 90k...yes it is time to start figuring out what I want to be when I grow up.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88877" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88870Wed, 01 Jul 2009 20:01:14 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88870Adam DahillI hate that the comments don&#39;t allow you to write on multiple lines!!!<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88870" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88868Wed, 01 Jul 2009 19:58:07 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88868Adam JanikWayne from what you said 5.5% on a VA streamline with no origination and no discount points looks like a good deal. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88868" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88864Wed, 01 Jul 2009 19:57:01 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88864Adam DahillFHA NY purchase SFR 5 .22 5.25 101.010 30 day lock Direct Lender<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88864" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88860Wed, 01 Jul 2009 19:52:56 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88860Wayne RogersAdam Janik, its me again is a 5.5 zero points on a 30 yr VA refi in Sweet Home Alabama, total loan amount 220,000 sound good to lock Thursday? Thank you again Adam for looking out for us little people. signed MC<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88860" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88856Wed, 01 Jul 2009 19:47:01 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88856Adam Dahill32bps better<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88856" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88853Wed, 01 Jul 2009 19:42:50 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88853Adam Dahill2.1% on a 109k loan is not enough to do a loan IMO. Hammer is right on this one. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88853" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88852Wed, 01 Jul 2009 19:42:34 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88852Roy PaethDefinitely getting reprices for the better now here as well.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88852" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88848Wed, 01 Jul 2009 19:37:42 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88848brian chernegahey hammer why are you here instead of counting your money from all the points you charge? all talk. your probably the guy that cuts all of his fees and does the loan for .250. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88848" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88773.aspx#88845Wed, 01 Jul 2009 19:36:31 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88845Roy PaethJason 5.5% is paying me 2.1% right now so no cabbage for us.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88845" width="1" height="1">