谁知到 30 years-fixed mortgage rate at 4.875% is a good deal or not?

股上漂

谁知到 30 years-fixed mortgage rate at 4.875% is a good deal or not?

如果经济继续恶化 next year，30 year-fixed mortgage rate will down again?

 

jeeplover

Do not be too greedy. If I could get that interest rate, I will be really really satisfied. After all, you only need to pay 3% after tax return for the interest. That almost equals to inflation rate.

buctusa

Pls share your information and I need to refinance my mortgage now.

jeeplover

I am thinking about buy a small condo now. I want to apply for a 30/40 fixed interest mortgage. I am if I could get.

原帖由 buctusa 于 2008-12-17 18:26 发表 Pls share your information and I need to refinance my mortgage now.

股上漂

原帖由 jeeplover 于 2008-12-17 18:25 发表 Do not be too greedy. If I could get that interest rate, I will be really really satisfied. After all, you only need to pay 3% after tax return for the interest. That almost equals to inflation rate.

 too greedy? my current ARM rate is only 4.3%, and one more year needs to reset. So I am wonder if I change it to 30-y fixed rate.:(13):

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原帖由 buctusa 于 2008-12-17 18:26 发表 Pls share your information and I need to refinance my mortgage now.

ask wellsfargo.

agang

I am on the same boat, which a ARM @ 4.15% to be reset in end of 2009. Let me know what is your final choice. :-)

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原帖由 agang 于 2008-12-17 18:55 发表 I am on the same boat, which a ARM @ 4.15% to be reset in end of 2009. Let me know what is your final choice. :-)

After i studied correlation between mortgage rate and fed rate, i found that there is 3 to 4% spread. so that means that 30-y mortgag rate can down to 4.3%. So I decide to wait this number.

 

another way, if arm reset,  and if fed rate keep at 0 to 0.25% for few years, then new mortgage rate will be 0.5 to 1% +2.75%=3.25 to 3.75%. So that will be better.

it worth to wait only if ecomomy is bad and fed rate at current level for few years. or before the fed rate will increase, then refiance. do you agree?

:(13): 

[ 本帖最后由 股上漂 于 2008-12-17 20:19 编辑 ]

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That rate is only for new home purchase. For no fee refiance, I cannot get to 5% for 15 year term.

agang

But ARM is indexed by LIBOR rather than long term treasure. http://www.bankrate.com/brm/ratewatch/1yr-libor.asp which is 2.42 now. Historically it is something like below http://www.moneycafe.com/library/libor.htm You think it will ever be to that low to 0.5-1%? 

Assuming superinflation scenario following up current deflation, rate will be higher rather than low. 

Of course if 30-yr fixed is 4.875% I will jump in. So that is the best offer you get from wfc?  I am planning to call my broker in Jan.

[ 本帖最后由 agang 于 2008-12-17 21:35 编辑 ]

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原帖由 agang 于 2008-12-17 21:34 发表 But ARM is indexed by LIBOR rather than long term treasure. http://www.bankrate.com/brm/ratewatch/1yr-libor.asp which is 2.42 now. Historically it is something like below http://www.moneycafe.com ...

mine is one-year treasury secruity +2.75%. now one-year treasury at 0.5%. even double at 1% or 2% then, 2%+2.75=4.75% still < 4.875%. So I can wait.

 

 

股上漂

mine is one-year treasury secruity +2.75%. now one-year treasury at 0.5%. even double at 1% or 2% then, 2%+2.75=4.75% still < 4.875%. So I can wait.
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股上漂 发表于 2008-12-18 09:47

waiting is good. one year treasury is 0.33%, so my reset mortgage is 2.75+0.33, so it is 3.125%<< 4.875%, by the way 30year fixed rate still is 4.875% today after one year.

股上漂

ding up! try !