mortgage rate predictions? 11/7 and 11/8

BlackedOutBimmer · 11-06-2013, 03:46 PM

I 1

ddk632 · 11-06-2013, 03:53 PM

Congrats on your house ... but if you bought it don't you already have a mortgage locked in? Or you just entered escrow, and are looking for a loan?

Generally I consider the house bought on the closing day...

No idea about your rates question. I left the crystal ball in my other pants this morning when I went to work at my orange stand...

MediaArtist · 11-06-2013, 03:59 PM

Should stay steady within .1, .2 for the next week or two.

As long as the government keeps pouring $85,000,000,000 a month into the bond market, they aren't going to spike one way or the other.

Now if in the next day, talks of "taper" start, expect to see a huge spike upward.

ddk632 · 11-06-2013, 04:02 PM

I was just being facetious - I just have no idea myself, but there are others who can make reasonable educated guesses. I'm just not one of them.

It's a tough choice especially on a first time purchase; that being said, a quarter of a percentage point either direction isn't going to make a huge difference on your monthly mortgage payment.

Good luck though -- it's definitely an exciting time and a new chapter!

amanda hor$t · 11-06-2013, 04:02 PM

not something i pay much attention to anymore, but i don't think there will be a significant change for your window. but you can save a lot on interest if you take a 15yr fixed instead of 30yr, and make sure there's no prepayment penalty.

most important thing is to pay it off asap, life's pretty easy when the house is squared away

ddk632 · 11-06-2013, 04:04 PM

Quote:

Originally Posted by bosster hymen

not something i pay much attention to anymore, but i don't think there will be a significant change for your window. but you can save a lot on interest if you take a 15yr fixed instead of 30yr, and make sure there's no prepayment penalty.

most important thing is to pay it off asap, life's pretty easy when the house is squared away

Dude.

You have the Ur-Quan Kzer-Za as your avatar!

That fucking rules!

KingOfJericho · 11-06-2013, 04:37 PM

I don't see a catalyst for lower rates at this point so the sooner you lock, the better. If they go down more than 1/4pt during your lock, you can usually adjust to that new rate.

11-06-2013, 03:46 PM	#1
BlackedOutBimmer Colonel 871 Rep 2,557 Posts Drives: 2019 X3 m40i Join Date: Aug 2011 Location: USA iTrader: (-1)	m I 1 __________________ 2019 X3 m40i:Carbon Black:Executive:Premium:Adaptive:Vernasca:699M:HK: Ambient:IND trim:M Mirrors:15mm spacers:Maxton lip:20% tint windows/pano:dsg paddles:TLG mudflaps 2008 328i E90 Jet Black:6MT:RWD:Premium:Sport:Xenon:MTEC V3 AEs:Front Splitters:CF spoiler:19" VMR FF v710 Last edited by BlackedOutBimmer; 01-24-2025 at 09:04 PM..
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11-06-2013, 03:53 PM	#2
ddk632 Chief Senior Executive Managing VP of Orange Sales 604 Rep 2,576 Posts Drives: 17 BMW F87 M2 6MT MG HBDGR ! Join Date: Mar 2012 Location: Aventura, FL iTrader: (2)	Congrats on your house ... but if you bought it don't you already have a mortgage locked in? Or you just entered escrow, and are looking for a loan? Generally I consider the house bought on the closing day... No idea about your rates question. I left the crystal ball in my other pants this morning when I went to work at my orange stand...
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11-06-2013, 03:59 PM	#3
MediaArtist There is No Substitute 79 Rep 1,186 Posts Drives: Audi A6, 997 GT3 RS, E90 335i Join Date: Apr 2010 Location: Laguna Beach, CA iTrader: (0)	Should stay steady within .1, .2 for the next week or two. As long as the government keeps pouring $85,000,000,000 a month into the bond market, they aren't going to spike one way or the other. Now if in the next day, talks of "taper" start, expect to see a huge spike upward. __________________ '13 Audi A6 '07 Porsche GT3 RS '08 BMW E90 335i
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11-06-2013, 04:02 PM	#4
ddk632 Chief Senior Executive Managing VP of Orange Sales 604 Rep 2,576 Posts Drives: 17 BMW F87 M2 6MT MG HBDGR ! Join Date: Mar 2012 Location: Aventura, FL iTrader: (2)	I was just being facetious - I just have no idea myself, but there are others who can make reasonable educated guesses. I'm just not one of them. It's a tough choice especially on a first time purchase; that being said, a quarter of a percentage point either direction isn't going to make a huge difference on your monthly mortgage payment. Good luck though -- it's definitely an exciting time and a new chapter!
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11-06-2013, 04:02 PM	#5
amanda hor$t Banned 89 Rep 208 Posts Drives: a380 Join Date: Sep 2012 Location: ny ny iTrader: (0)	not something i pay much attention to anymore, but i don't think there will be a significant change for your window. but you can save a lot on interest if you take a 15yr fixed instead of 30yr, and make sure there's no prepayment penalty. most important thing is to pay it off asap, life's pretty easy when the house is squared away
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11-06-2013, 04:37 PM	#7
KingOfJericho Major General 2459 Rep 7,340 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	I don't see a catalyst for lower rates at this point so the sooner you lock, the better. If they go down more than 1/4pt during your lock, you can usually adjust to that new rate. __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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