4 ms·

I’m seeing 5.0% most places (see ally bank). Still higher than its been but not pushing 6% by any stretch.

by theferalrobot 4y ago

broken8ball 4y ago
Allegedly 6 more rate hikes from The Fed this year too, so this could just be the beginning.
- anm89 4y ago
  I personally do not believe they have a shot in hell at making it through 6.I think there is going to be some serious chaos in markets well before then. We haven't seen chaos in markets without immediate fed support for decades. It's going to get bad IMO. It will be surprising if Powell doesn't do a second pivot and go Dovish well before 6. Obviously I'm not a fortune teller and many people disagree.
paxys 4y ago
And it is still relatively easy to get ~4-4.25% with a little bit of negotiating.
- crysin 4y ago
  By negotiating do you mean taking points? I can’t imagine many lenders are willing to go below prime for a 30 year conforming loan.
  - s1artibartfast 4y ago
    I'm in escrow with less than 4% today w no points. Took some negotiating
    - ab_testing 4y ago
      How to negotiate rates? What do you usually tell them in the phone ?
      - s1artibartfast 4y ago
        Shop around. Ask about relationship deals for assets under management. Ask about getting closing costs credited towards points. Tell them if you have a better offer and ask if there's any discounts the underwriter can offer
cammikebrown 4y ago
It's pushing 6% if you have worse credit (700-750). But don't worry about that, NINJA loans are back: https://i.redd.it/wnzuveooo5w81.jpg https://i.redd.it/wnzuveooo5w81.jpg
- oblio 4y ago
  That looks like a crash waiting to happen.
- cbanek 4y ago
  As Tobias said in Arrested Development: "NINJA please!"
- llampx 4y ago
  No Income, No Job anything?
  - lotsofpulp 4y ago
    No assets. https://www.investopedia.com/terms/n/ninja-loan.asp https://www.investopedia.com/terms/n/ninja-loan.asp
  - onlyrealcuzzo 4y ago
    I would hope if you have no income you don't have a job!
    - syntheticcorp 4y ago
      I suppose you could have income from interest on capital or stock dividends

I’m seeing 5.0% most places (see ally bank). Still higher than its been but not pushing 6% by any stretch.

broken8ball 4y ago

Allegedly 6 more rate hikes from The Fed this year too, so this could just be the beginning.

anm89 4y ago
I personally do not believe they have a shot in hell at making it through 6.I think there is going to be some serious chaos in markets well before then. We haven't seen chaos in markets without immediate fed support for decades. It's going to get bad IMO. It will be surprising if Powell doesn't do a second pivot and go Dovish well before 6. Obviously I'm not a fortune teller and many people disagree.

paxys 4y ago

And it is still relatively easy to get ~4-4.25% with a little bit of negotiating.

crysin 4y ago
By negotiating do you mean taking points? I can’t imagine many lenders are willing to go below prime for a 30 year conforming loan.
- s1artibartfast 4y ago
  I'm in escrow with less than 4% today w no points. Took some negotiating
  - ab_testing 4y ago
    How to negotiate rates? What do you usually tell them in the phone ?
    - s1artibartfast 4y ago
      Shop around. Ask about relationship deals for assets under management. Ask about getting closing costs credited towards points. Tell them if you have a better offer and ask if there's any discounts the underwriter can offer

cammikebrown 4y ago

It's pushing 6% if you have worse credit (700-750). But don't worry about that, NINJA loans are back: https://i.redd.it/wnzuveooo5w81.jpg https://i.redd.it/wnzuveooo5w81.jpg

oblio 4y ago
That looks like a crash waiting to happen.
cbanek 4y ago
As Tobias said in Arrested Development: "NINJA please!"
llampx 4y ago
No Income, No Job anything?
- lotsofpulp 4y ago
  No assets. https://www.investopedia.com/terms/n/ninja-loan.asp https://www.investopedia.com/terms/n/ninja-loan.asp
- onlyrealcuzzo 4y ago
  I would hope if you have no income you don't have a job!
  - syntheticcorp 4y ago
    I suppose you could have income from interest on capital or stock dividends