What's your mortgage loan rate?

[sportage]

Just curious...
ALso, FHA now has a program where you get 3.5 adjustable but the 3.5 is locked for 5 years ( I believe thats what the broker said). After 5 years it can adjust. Depends on economy. But it can never go above 8.5. And there are options after the locked first 5 years to keep it low if the economy is in the dumps.
And remember.. you only have two days until April 30 to get your $6500 gov rebate. Thats for anyone buying, not just first time buyers. To qualify for that you must have lived in your present home for at least years. And I think its for buying another primary residence.
Not sure if the $8000 first time buyer gov program is still going?
On the $6500, it takes about 3 - 4 months to get your check from the gov.

You just need to have sign by April 30th and close by June 30th for the $6500 program.

If my info is wrong, correct me. I got this when we just bought a home last week.
Signed last monday, closing will be May 21st. FHA 3.5% AR 5 years locked. (3.5% down)

 

[Turin39789]

3.75 here, but probably the same program, FHA 5/1 ARM with a max yearly adjust of 1% and a max final percentage of 8.75%.

Plan to be here for 5 years, but even at 8, if we adjust to the max and don't refinance we will still be ahead of the 30 year rate at the same timeline.

 

[Chaotic42]

5.875% Fixed 30

 

[MikeyIs4Dcats]

4.625% for 15yr fixed

 

[rudeguy]

4.625% for 15yr fixed

Thats a low price!

/staplesguy

Mine is 0%. I rent.

 

[Mike Gayner]

mine is 100%. I rent.

ftfy.

 

[Jumpem]

4.5% 15 year.

 

[rudeguy]

ftfy.

I thought about that after I posted.

But then again...here in MI, it sucks being a home owner. I'd be very interested to know what percent of people are upside down. It has to be ridiculously high.

 

[Capt Caveman]

4.875% for 30 year fixed

 

[JEDI]

Just curious...
ALso, FHA now has a program where you get 3.5 adjustable but the 3.5 is locked for 5 years ( I believe thats what the broker said). After 5 years it can adjust. Depends on economy. But it can never go above 8.5. And there are options after the locked first 5 years to keep it low if the economy is in the dumps.
And remember.. you only have two days until April 30 to get your $6500 gov rebate. Thats for anyone buying, not just first time buyers. To qualify for that you must have lived in your present home for at least years. And I think its for buying another primary residence.
Not sure if the $8000 first time buyer gov program is still going?
On the $6500, it takes about 3 - 4 months to get your check from the gov.

You just need to have sign by April 30th and close by June 30th for the $6500 program.

If my info is wrong, correct me. I got this when we just bought a home last week.
Signed last monday, closing will be May 21st. FHA 3.5% AR 5 years locked. (3.5% down)

3.5% 5yr?! link? details!

 

[Squisher]

I thought about that after I posted.

But then again...here in MI, it sucks being a home owner. I'd be very interested to know what percent of people are upside down. It has to be ridiculously high.

5.625% 30yr. fixed

I paid $335K in 2005 for a house now worth $175-200K if I'm lucky. Still not upside down due to my down payment. From what I gather they want to develop the area around Metro airport, industrially. http://www.detroitregionaerotropolis.com/ This might turn into my saving grace in a few years.

 

[seepy83]

5.25% 30-Year Fixed.

I don't see any situation at all where I'd be willing to take an Adjustable.

 

[grohl]

4.875% for 30 year fixed

same

 

[sdifox]

2.75 open variable. Only 30k so I am probably paying it off when it is anniversary date. Would have been paid off 2 years ago if I didn't lose my job.

 

[JulesMaximus]

5.371% 30 year fixed.

 

[SnipeMasterJ13]

4.75% 30 year fixed. It's also a rural homes loans that required 0% down, and still doesn't have mortgage insurance. I couldn't complain about that.

 

[HomeBrewerDude]

4.625% for 15yr fixed

I'm at 4.5 % on a 15yr.


Paying extra so only 10 yrs to go.

 

[soulcougher73]

4.75% VA Loan. 30 year fixed

 

[lurk3r]

just pulled 4.75 on 5 year fixed, i'm kinda shocked anyone lent me anything ... I make good cash but have nearly no us credit history.

 

[Jadow]

4.55 15 year

 

[MadAmos]

Zero, paid nine off early 12 years ago....sorry it still feels good to day that.

 

[Dirigible]

4.5% 30 year fixed. Told my mortgage broker to lock in a refi loan if rates hit 4.5%. Months went by. Mortgages hit that rate briefly and my mortgage broker caught it. I :heart: my broker.

 

[Train]

5.0% fixed VA loan

Should have waited a few more months I could have gotten a 4.5% but oh well.

 

[Miramonti]

4.875% for 30 year fixed

este

 

[Argo]

4.625%, 30 year fixed.