Comments on: Current Mortgage Rates Drop to a Historically Low Level (Part 2)

By: admin

admin — Wed, 23 Dec 2009 20:21:15 +0000

Total Mortgage – of course. Check out rates at http://www.totalmortgage.com/current-mortgage-rates.asp

By: Jason

Jason — Wed, 23 Dec 2009 02:52:24 +0000

My wife and I are considering getting a reverse mortgage on our home in Connecticut. Can anyone recommend a good lender or suggest when to get one, what to ask, etc.?

By: Martin

Martin — Fri, 18 Dec 2009 14:46:13 +0000

Actually I did lock in the 4.5%. I’m still going to wait until after the New Year to close in case rates go down, but I met with a few other banks and 4.5% is at least .2-.3 lower than I could find anywhere else.

By: Lauren

Lauren — Fri, 18 Dec 2009 13:33:44 +0000

Martin, I hope you locked something in already because I don’t think rates are heading down anytime soon. And you know if you lock in and then rates do go down you can adjust your rate! Plus, 4.5% isn’t bad at all.

By: home mortgage interest rates

home mortgage interest rates — Thu, 10 Dec 2009 07:55:32 +0000

Wow , you learn something new everyday!…

By: Martin

Martin — Sat, 05 Dec 2009 22:30:27 +0000

I got a 30 year fixed rate of 4.5%. I know it’s pretty low, but do you think I should wait longer? If I lock in a rate now, will I be able to change it later?

By: Martin

Martin — Sat, 28 Nov 2009 01:36:28 +0000

My wife and I divorced a few years ago and I went through a bad bankruptcy. My credit is on its way back, now, though, and I’m thinking of trying to buy. Where did you get your loan in NY?

By: Lauren

Lauren — Fri, 20 Nov 2009 20:26:17 +0000

I cannot believe that I just closed on a home for under 6%. I was literally bankrupt less than three years ago and never thought I’d borrow for less than 9 or 10. I financed with a smaller bank like yours, licensed in New York, which I think helped, and they put all my paperwork in order and got me a really great 30 year fixed rate. I would encourage people who’ve been through financial hardship who are now back on their feet to try getting a loan in this market.