Comments on: Mortgages: Rates Are Down, But Increasingly Hard to Get

By: Dalia Gonzales

Dalia Gonzales — Wed, 08 Oct 2008 06:33:36 +0000

In trading as in values, how you think determines a response you achieve. In this entry you trade with borrowed money.

By: Jenny P

Jenny P — Thu, 18 Sep 2008 06:30:54 +0000

Thanks for sharing everyone. Glad to hear that folks are still securing financing for under 6% for primary residences and it seems like everyone is being smart about getting the 30 year fixed.

With the events of the last two days, it seems like rates have jumped – and given that banks are bleeding money, they really don’t have a ton to lend out. Read this latest from the Wall Street Journal: Jump in Mortgage Rates
Disappoints Home Buyers (http://online.wsj.com/article/SB122170456229351017.html)

By: bajeckabean

bajeckabean — Wed, 17 Sep 2008 19:53:06 +0000

I’m closing escrow this week and have a mortgage with 20% down with a note for 5.875, which is pretty good considering I’m young and applied based only on my own income (and not my husband’s too).

It’s a 30 year fixed on what will be our primary residence as well so I’m happy with it. We got approved for the loan last week at 6.12% and on Monday, we were able to lock in the 5.875% when Lehman crashed the market.

By: NewLandlord

NewLandlord — Wed, 17 Sep 2008 16:10:33 +0000

Closed on a loan month ago for a rental and there was quite a big difference from consumer loans – not including loans with points, it was tough to get a 30 year fixed less than 6.5

By: David

David — Wed, 17 Sep 2008 15:04:39 +0000

Got a mortgage in June and despite it being a 5.75% note, am talking about refinancing. But haven’t gotten a refi yet. Waiting for a 5.375% note to come around. Close, but not there yet.