03-18-2009, 03:49 PM
Situation:
Loan Type: 30 year fixed refinance with no points
Over 20% equity
Credit Score: 800+
Area: DC Area
Yesterday: 5.0% with no points
Today: 4.875
Tomorrow: ???
I wish I knew more how 300 billion in long term treasuries being bought by the fed affected rates. Will it bring rates down more over time? Are we going to see the big dip tomorrow? Next week? Next month? This summer? Never? Will we actually see 4.5%?
If we see 4.6 to 4.7 I think I'll need to pull the trigger for sure.
Loan Type: 30 year fixed refinance with no points
Over 20% equity
Credit Score: 800+
Area: DC Area
Yesterday: 5.0% with no points
Today: 4.875
Tomorrow: ???
I wish I knew more how 300 billion in long term treasuries being bought by the fed affected rates. Will it bring rates down more over time? Are we going to see the big dip tomorrow? Next week? Next month? This summer? Never? Will we actually see 4.5%?
If we see 4.6 to 4.7 I think I'll need to pull the trigger for sure.
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison