acman07033 asked:


I recently got a quote for a 30 yr. fixed rate mortgage of 6.75% and was wondering if that was a good rate considering I have an excellent credit score. I simply thought it would have been lower, and did not know if it were negotiable.

Maria

sweenman85 asked:


I have an “excellent” score. I am looking for the best mortgage rate and least closing fee, who is that?

Norman

rd asked:


Hi I was wondering if anyone might know (or had simular issues) what an estimated mortgage rate would be for us. We would pre-qualify, but we are trying to keep our credit inquiries down as we will (hopefully) be looking to buy in the next year. Here is our situation:

* Married first time home buyers. Median FICO’s of 568 and 571
* I filed Bankruptcy 2 years ago. My Husband has not filed bankruptcy before.
* I have been in the same field for 6 years.
*Husband has been a full time student.
*We and have paid off all outstanding debts except one car payment of $350 and a student loan of $100 per month both with excellent payment history.
*Our approx gross income is $65,000/year.
*We have $5,000-$10,000 for downpayment.
*Neither of us have a current rental history as my company takes care of our living arrangements (medical traveler).

Any suggestions or thoughts? Thank you
If the rate we are given is high (sounds like it will be) then if there is no penalties, Would it be likely that we could refinance in a few years after esablishing payment history and having better credit scores?

Carl

tardis_mom asked:


We would like to refinance our current mortgage and I was hopeful that the result of the Fed rate cut would be a drop in the mortgage rates. However, it seems like mortgage rates only dropped by about 1/4 % point (I was hoping to go down to about 5% on a 30 year fixed rate with no points with an excellent credit score). What determines whether mortgage rates fall and how much?

Jennifer

ohioan_femme asked:


Today, Federal Reserve slashes benchmark interest rate to between 0.25 and zero percent. What the heck does that mean? And how come no matter how many times the Fed slash the rate, it barely affects the 15-year and 30-year mortgage interest rates? Does it have something to do with the housing demand? Isn’t the housing industry in the pits now? How come the rates are not going down? Can anyone explain this to me in layman’s language?

Thank you.

Marilyn

elmho01 asked:


Hi
How come Fed rate is down and mortgage rate are up to the roof?
Thanks

Clyde

goofyjr2004 asked:


I heard a news about Federal goverment lowered mortgage rate by 0.5%, is it true? Who is qualified for this benefit?
We get our loan from a mortgage company.

Kelly

Dwayne asked:


I’m going to refinance my house and I heard from friends that this coming week the mortgage rate will drop a bit.
When I called a broker last week, she said that the lowest mortgage rate was 6.5. But I believe this week will be lower.

My question is does anybody know a good website, free and without signing up, that shows current day to day mortgage rate.
I live in Portland, Oregon.
In your opinion, how would the mortgage rate would be this coming month and beyond.

Thanks

Rachel

STARYDYNAMO asked:


Sorry to ask the shocking stupid question! I am coming to the end of my mortgage term ( end of September) and am wandering if the mortgage rates will go down (currently for at 6.99%). Do you think it will go down by this time? I am in the UK.

Bradley

inpoetry1 asked:


My credit scores from 3 bureaus average just over 800. I am looking for a house in the Vancouver-WA area. Can anyone advice me on the best source for securing a loan (I plan on putting 20% down; mortgage required ~$250,000) as well as a desired interest rate? Also, is it preferable to wait a few months (i.e. are housing prices likely to drop)? My realter suggest I buy something now since he thinks prices will continue to go up. thanks.

Doris