Mortgage rates?????

[keenguy]

Do you think mortgage rates are going to come down in the coming weeks? 
April end closing undi, 2 weeks back lender asked if I want to lock 3.25% rate but did not opt assuming rates are going to fall further. Any advice/suggestions from experts?

[veeraveeraleaks]

Rates went down already. Its just a matter of time for it to reflect in market

If I were you I wouldnt close the deal anymore. Housing is worst investment right now

[LadiesTailor]

Mortgage market is busy with refinancing applications and that’s the reason rates are not coming down for now... it may change in a few weeks..

but 3.25 for 30 year fixed is a very good rate and I think you should lock it... if you can afford try 15 year they are around 2.5 to 2.75 

[keenguy]

Can’t back out of the contract or I will lose my advance. 

[cnugadu]

2 hours ago, keenguy said:

Can’t back out of the contract or I will lose my advance. 

How much is deposit? If you are in good position financially then go with closing or else i would be ok loosing the deposit  than see the the house value go down. If you are in a rich neibhorhood with great schools then you are ok too. My prediction is housing prices may go down as no new buyers will be in market. Also sellers will hold out. So depending on area either the prices will be flat or go down

[FLraja]

2 minutes ago, cnugadu said:

How much is deposit? If you are in good position financially then go with closing or else i would be ok loosing the deposit  than see the the house value go down. If you are in a rich neibhorhood with great schools then you are ok too. My prediction is housing prices may go down as no new buyers will be in market. Also sellers will hold out. So depending on area either the prices will be flat or go down

Agree

[jefferson1]

2 hours ago, LadiesTailor said:

Mortgage market is busy with refinancing applications and that’s the reason rates are not coming down for now... it may change in a few weeks..

but 3.25 for 30 year fixed is a very good rate and I think you should lock it... if you can afford try 15 year they are around 2.5 to 2.75 

Ekkada undi 3.25?

 

[cloud]

better to go with 5% down . nenu adhae chestunna .I have closing april mid 

[perugu_vada]

2 hours ago, keenguy said:

Can’t back out of the contract or I will lose my advance. 

entha pay chesaav advance ? ipudunna situation lo .. mental tension ekkuva autundi illu buy cheyatam anedi .. so if the amount is not big, odhileskovatam manchidi 

[LadiesTailor]

24 minutes ago, jefferson1 said:

Ekkada undi 3.25?

 

TS vesadu kada... 3.25 ani... market lo ayuthe try loandepot

[cloud]

1 minute ago, LadiesTailor said:

TS vesadu kada... 3.25 ani... market lo ayuthe try loandepot

3.25 was in march 2nd week . Epdu 3.75 to 4 unnai . 

[mummadi]

4 hours ago, keenguy said:

Do you think mortgage rates are going to come down in the coming weeks? 
April end closing undi, 2 weeks back lender asked if I want to lock 3.25% rate but did not opt assuming rates are going to fall further. Any advice/suggestions from experts?

peaks rate. lock chesei.

[keenguy]

Thank you all for the replies. Got the 3.25 rate again today and 3.125% at .125 of a point cost ($350 additional at closing). Planning to lock it.

[tom bhayya]

2 minutes ago, keenguy said:

Thank you all for the replies. Got the 3.25 rate again today and 3.125% at .125 of a point cost ($350 additional at closing). Planning to lock it.

seller is lucky to find a buyer like you ilaanti times lo 

[terminator_desi]

Just now, tom bhayya said:

seller is lucky to find a buyer like you ilaanti times lo 

I agree.House prices might go down soon