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Old 01-24-2017, 09:52 PM   #1341 (permalink)
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Yup. Now we're back to the way it was when Obama is president. Those rates were dreadful.
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Old 01-24-2017, 09:54 PM   #1342 (permalink)
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Does anybody have Donny's number?

Why bother calling him? Doesn't he have a twitter account?
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Actually, I like you a lot, Nea. That's why I treat you like ****. It's the MB way.

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Old 01-24-2017, 09:55 PM   #1343 (permalink)
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I want to tell him that China is on it's way to beating us when it comes to economic preservation.
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Old 01-24-2017, 10:00 PM   #1344 (permalink)
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I want to tell him that China is on it's way to beating us when it comes to economic preservation.
Well you can than Clinton and Obama for China beating us off economically.

Where Chula? I want him to bring up Richard Nixon, cause he the only one here old enough to remembers him doing something with China or something.
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Actually, I like you a lot, Nea. That's why I treat you like ****. It's the MB way.

"it counts in our hearts" ?ºº?
“I have nothing to offer anybody, except my own confusion.” Jack Kerouac.
“If one listens to the wrong kind of music, he will become the wrong kind of person.” Aristotle.
"If you tried to give Rock and Roll another name, you might call it 'Chuck Berry'." John Lennon
"I look for ambiguity when I'm writing because life is ambiguous." Keith Richards
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Old 01-24-2017, 10:01 PM   #1345 (permalink)
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Well you can than Clinton and Obama for China beating us off economically.

Where Chula? I want him to bring up Richard Nixon, cause he the only one here old enough to remembers him doing something with China or something.
.
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Old 01-24-2017, 10:07 PM   #1346 (permalink)
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Well you can than Clinton and Obama for China beating us off economically.
No idea what this means, but it sounds sexy.
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Old 01-24-2017, 10:13 PM   #1347 (permalink)
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Yup. Now we're back to the way it was when Obama is president. Those rates were dreadful.
Huh, what? I just refinanced at 3.25% on the condition I closed before the election because the lender said they were scared ****less of what Trump was going to do. Guess they were right. On one hand they'll get higher interest rates but on the other they'll be getting much fewer people able to borrow.
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Old 01-24-2017, 10:15 PM   #1348 (permalink)
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Refis change every day and there are several ways to get a lower rate.
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Old 01-24-2017, 10:23 PM   #1349 (permalink)
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Refis change every day and there are several ways to get a lower rate.
Tell me oh wise home owner. I was getting offers left and right leading up to the election with 60 day lock in rates (normally 30 is the max.) because, again, lenders were worried and wanted to secure some business.

From a recent LA Times article:

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For prospective home buyers, higher interest rates already are here.

Mortgage rates tend to rise and fall along with the yield on 10-year Treasury notes. Those yields have jumped lately, and mortgage rates have gone along for the ride.

The week before the election, the interest rate on a standard 30-year mortgage averaged 3.54%. Two weeks later, mortgage rates had jumped to an average of 4.03%, according to government-backed mortgage buyer Freddie Mac.

The sudden increase has cooled the market for mortgage refinancing and is likely pushing some prospective home buyers to rethink how much house they can afford.

The number of customers looking to refinance loans dropped almost immediately once rates started to climb, said Dave Norris, chief revenue officer of Orange County mortgage lender LoanDepot. “Within 24 hours of a rate increase, we’ll see a drop in refinancing,” he said.

When mortgage rates are low and dropping, refinancing activity rises as homeowners look to replace higher-rate loans with cheaper ones. With rates now headed the other way, refinancing activity is expected to drop off in 2017, according to the Mortgage Bankers Assn.
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Last edited by Chula Vista; 01-24-2017 at 10:29 PM.
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Old 01-24-2017, 10:26 PM   #1350 (permalink)
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You are aware that I've been in the mortgage industry for seven years, right?
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