NLIC.org

Sue Said:

mortgage rates?

We Answered:

I would suggest either way also, but try looking at some sites that will provide rate sheets and maybe that will give you a bit of an insight.

Jeremy Said:

What are the mortgage rates today and how can you check?

We Answered:

This site compares rates.

Clyde Said:

I am going to buy a home in 1 year. Can I lock in mortgage rates today?

We Answered:

I hate to be blunt but everyone in this thread is incorrect.

Yes you can lock in a loan rate for a year, it will likely cost you a point or so (not such a big deal if you expect rates to rise). The longest free lock is usually 45 days. Some shady broker house will charge you to lock rates but large BANKS like mine really aren't concerned about a few dollars here or there if we can do your entire loan instead. If you have any questions feel free to email me. Otherwise good luck, and I would stop taking advice about the biggest financial decision you will ever make from people who aren't in the industry.

Edward Said:

Given that the FED cut .5% off interest rate, why are average mortgage rates higher TODAY than LAST WEEK?

We Answered:

The cut it to the Prime Rate, so this only effects rates for 2nd mortgages, credit cards, and such.

Maxine Said:

need advice on today's mortgage rates?

We Answered:

I'm a long term real estate investor, you should remain on the sidelines for many years. Buying investment property in CA, is like playing hike stakes poker. Rates should not be a factor for an investor.

Don Said:

Would you advise locking in a mortgage interest rate today or floating it? Where do you think rates are headed

We Answered:

It depends on what you are looking for in an interest rate, but if you think they are going to drop in the coming few months then you will not be successful.

I would lock the rate and advise any client I had to do the same.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Peggy Said:

Will the big federal interest rate cut today lower mortgage interest rates?

We Answered:

Realtors and some banks will tell you that the Fed rate has nothing to do with mortgage interest rates directly. Since the Fed rate is the amount charged for loans between banking institutions, if it is lower, they have the option of offering that new money at lower interest rates. Thus, the Fed's rate may only indirectly affect mortgage interest rates.
Historically, though, drops in the Fed rate have had a trickle down effect through increased competition between lenders for new customers.