Buying a house interest rate 5.75

[spur]

Annalu,

Buying a house interest rate 5.75 if I lock today (10 Years) or whatever the rate on the day bank gives actual approval letter(Maybe 3 to 4 weeks from now).

Lock cheskodam better antara? Rates perige avakasam vunda? Taggutaya ? 

Please advise thank you 🙏

 

 

[Hitman]

5.75 is not a great to lock on. it would be the same or .25 less after 4 weeks. IMO. 

[JANASENA1]

there will be 2 more rate cuts in this year, one next week 

 

[Thokkalee]

10 minutes ago, spur said:

Annalu,

Buying a house interest rate 5.75 if I lock today (10 Years) or whatever the rate on the day bank gives actual approval letter(Maybe 3 to 4 weeks from now).

Lock cheskodam better antara? Rates perige avakasam vunda? Taggutaya ? 

Please advise thank you 🙏

 

 

Aa rate ki lock cheyadam waste anna.. 

[futureofandhra]

8 minutes ago, JANASENA1 said:

there will be 2 more rate cuts in this year, one next week 

 

Rate cuts won't reflect mortgage bro

They are 10 year yield based 

[Sam480]

20 minutes ago, spur said:

Annalu,

Buying a house interest rate 5.75 if I lock today (10 Years) or whatever the rate on the day bank gives actual approval letter(Maybe 3 to 4 weeks from now).

Lock cheskodam better antara? Rates perige avakasam vunda? Taggutaya ? 

Please advise thank you 🙏

 

 

No one can say that, 2 rate cuts untay this year. But the current mortgage rates already took 2 rate cuts into consideration .

5.725 is not bad in current Scenerio,  Try to close a house in December . You get very good deals on new houses end of the year

[JANASENA1]

39 minutes ago, futureofandhra said:

Rate cuts won't reflect mortgage bro

They are 10 year yield based 

ok

[Deadp0ol2]

if you can wait till year end good rate raavochu urgent ante teesesko and refinance after 1 year.

[Android_Halwa]

If you are confident of your job and immigration, inkoka 2-3 years aaram se lageyochu anna confidnce and rainy day fund vunte go ahead, its a good rate.

Check with the lender/buikder if they can contribute towards rate buy down and closing….ikada emana manage chesukune chance vunte try chey….

5.7% today….worst case lo 2-3 years refi tarvata you mught get a rTe lower than 5% but ipudu vunna scenario ki less than 5% anedi 12-18 months away at least average ga 2 years.

[battu]

 

[yemdoing]

lol... it hard to say like that,

near future rate cuts valla mortgage rates taggithey housing rates slight ga peruthayi. which will offset the money you save with ratecuts.

[akkum_bakkum]

3 hours ago, JANASENA1 said:

there will be 2 more rate cuts in this year, one next week 

 

daani valla mortgage rates thaggavanna....it will be seen 4-6 months down. 10yr treasury yield graph chuskonte telusthadi. primary home aithe OP can go for it. Refinance later anyway if it drops too much.

 

P.S.: Inthaki 2 yrs tarvatha rates thagguthay ani 6% lo konnolla paristhithentoo ippudu. naakem telidu