DuckSouth.com

I have been riding this for a while trying to decide when to lock it in and gut keeps telling me it'll make 4 before its over. That being said its the same greedy gut that usually makes me leave the craps table disappointed after a good run. I know I shouldn't listen to it and make hay while the sun shines, but who knows. This economy is so up messed up. My thought that the banks will lossen the purse strings a little but at a higher rate than we are seeing, thus my theory that we are seeing it as low as its going.
A local bank I was dealing with put a floor on it at 5 once it got down to 4.5 after a week. My thought is we may see more local lenders do this as I would prefer to deal local.

....just saw my appraisal....anyone want to buy a house in Oxford? I now have one for sale

If you got one that went up in value better hold on to it, thats like a golden egg.

Our new Tax evaiding Treasury Treasure just said they are going to introduce a plan to lower interst rates. I see 4% coming soon..

cwink wrote:Our new Tax evaiding Treasury Treasure just said they are going to introduce a plan to lower interst rates. I see 4% coming soon..

If anybody does see 4% post it up on the main board, i already have mine at 5.35 but would refinance it for under 4.5 in a heart beat.

I also hear that there is going to be a $15,000 dollar tax credit for new home purchases. That was 10% with of purchase with a max at $15,000.

just wait a little longer, they will come back down. trust me its going to get a lot worse. i am now starting to see home values really start to fall.

Rates are dropping some more and will more than likely continue when the MBS market comes around. But always remember that a bird in the hand is better than two in the bush...run you a payment and see if it really matters to hold out b/w 4.875 to 4.75. It may not make much of a difference in your monthly payment. PM me for rate quotes.