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  • Re: First Time Buyer

    I would get a referral from a friend or a real estate agent in your local market. My experience with competing with these lead generation sites are not good. Find someone in your local market that has done business with an honest broker. Some of the larger lenders are just taking way to long these days...
    Posted to Mortgage Questions (Forum) by Melvin List on Wed, Aug 5 2009
  • Re: Lender incentive: what should I take, great points offer or closing credit?

    I will have to agree with Karl on this one. I would play it safe and take the lower rate. Plans change and you could find yourself living in the home longer than 5 years.
    Posted to Mortgage Questions (Forum) by Melvin List on Tue, Aug 4 2009
  • Which of these two refi offers is a better deal?

    Does it make sense for me to pay the .5 point? I am guessing I will be in the house for 5-7 years. I will be rolling all costs into the loan. Thanks. My options: 1) 4.75 - 4k fees @ 0 points 2) 4.625 - 4k fees @ .5 point ------------------------------------------------------------- Goals: 1) Lower monthly...
    Posted to Mortgage Questions (Forum) by david latone on Mon, May 18 2009
  • How do I know if makes sense to pay extra points?

    How do I know if makes sense to pay extra points? Is there a calculator anyone can suggest? My loan options: 1) 4.75 - 4k fees, 0 points 2) 4.50 - 4k fees, .5 point 3) 4.375 - 4k fees, 1.25 points 4) 4.75 - 4k fees, 0 point (roll all costs into loan) 5) 4.50 - 4k fees, .5 points (roll all costs into...
    Posted to Mortgage Questions (Forum) by david latone on Mon, Apr 13 2009
  • Freddie Mac and MBA Mortgage Rates Survey Directionless

    Mortgage rates were mixed for the week ending September 7 and September 8, with no definitive movement in either direction. After three weeks of declines, both Freddie Mac and the Mortgage Bankers Association (MBA) surveys saw rates up, down, and unchanged. According to Freddie Mac, the 30-year fixed...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Thu, Sep 15 2005
  • Mortgage Rates Up For Week While Activity Continues To Slow

    Mortgage rates were up again for the week ended August 11 (Freddie Mac) and August 12 (Mortgage Bankers Association.) This is the sixth straight week that Freddie Mac's Weekly Primary Mortgage Market Survey showed an increase in the 30 year fixed rate mortgage. **GOOGLEAD** That product averaged 5.89...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Thu, Aug 18 2005
  • Mortgage Rates Up, Applications Down Last Week

    Fixed rates mortgages made a sixth straight week of upward bound rates according to the Freddie Mac Weekly Primary Mortgage Market Survey for the week ending August 4. The 30 year fixed rate averaged 5.82 percent, up from 5.77 for the previous week. Fees and points were also up from 0.5 to 0.6. The 15...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Wed, Aug 10 2005
  • Mortgage Rates Maintain Upward Climb

    Mortgages rates were up again during the last week of July, marking the fourth straight week of increases for fixed rate loans and the fifth week for the 1-year adjustable rate mortgages. Freddie Mac reported that the 30-year fixed mortgage averaged 5.77 percent for the week ended July 28, up 4 basis...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Wed, Aug 3 2005
  • Average Mortgage Rates Continue To Rise

    Average mortgage rates were up again last week according to both Freddie Mac and the Mortgage Bankers Association (MBA). Freddie Mac reported that fixed rate products were up for the fourth week in a row with the 30-year fixed at 5.73 percent compared to 5.66 percent the previous week and the 15-year...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Wed, Jul 27 2005
  • Mortgage Activity Down Slightly As Mortgage Rates Rise

    Mortgage rates reversed direction yet again last week; the only exception to a general rate increase was the drop reported for the 1-year ARM in the Mortgage Bankers Association (MBA) survey. Freddie Mac�s Weekly Primary Mortgage Survey for the week ended July 7 reported that the 30-year fixed rate mortgage...
    Posted to MND NewsWire (Weblog) by Glenn Setzer on Thu, Jul 14 2005
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