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  1. #151
    Join Date
    Nov 2003
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    HR
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    2,571
    Quote Originally Posted by Flyoverland Captive View Post
    Just got 3.25 on a 30 refi in OR. Had to pay points, but it pencils out pretty sweet compared to my current 4.375. In happy.
    Who’d you use in OR?

  2. #152
    Join Date
    Dec 2005
    Location
    Central OR
    Posts
    5,655
    Quote Originally Posted by natty dread View Post
    Who’d you use in OR?
    Pm incoming.

  3. #153
    Join Date
    Mar 2007
    Location
    Hyperspace!
    Posts
    1,259
    Locked at 3.095
    Stoked.

  4. #154
    Join Date
    Sep 2005
    Location
    PRB
    Posts
    26,505
    Quote Originally Posted by huckbucket View Post
    Am I delusional in thinking that credit unions aren't motivated by the same thing and assuming you can find one that isn't swamped you'll get the best rate?
    When I have checked rates at my local credit union, they've been consistently good, but never the best. IME, a *good* broker is likely to beat them.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  5. #155
    Join Date
    Oct 2018
    Posts
    276
    I just got quoted lower for the 30 year (2.875 with 0.25% discount point) than the 15 year. We are planing to stay long term so I think the point and rate is fine. WA state and I'm at 3.75 now. We were looking to shorten our term, but figure we could just pay extra cash on the 30.

  6. #156
    Join Date
    Apr 2006
    Location
    Movin' On
    Posts
    2,910
    Currently at 3.625%

    Got offered 3.25% with no closing costs from my broker. Total out of pocket is -$200. I emailed back and asked if they'd do 3.125 no closing cost. Either way I think I'm going to lock tomorrow. It's a no brainer.

  7. #157
    Join Date
    Apr 2005
    Location
    Seattle
    Posts
    1,840
    Quote Originally Posted by Garbowski View Post
    I just got quoted lower for the 30 year (2.875 with 0.25% discount point) than the 15 year. We are planing to stay long term so I think the point and rate is fine. WA state and I'm at 3.75 now. We were looking to shorten our term, but figure we could just pay extra cash on the 30.
    If Seattle area, who gave you the quote?

  8. #158
    Join Date
    Oct 2018
    Posts
    276
    Quote Originally Posted by Yonder_River View Post
    If Seattle area, who gave you the quote?
    Homestreet. Closing costs are high but UW employees get a credit.

  9. #159
    Join Date
    Aug 2005
    Location
    Base of LCC
    Posts
    1,511
    Looking for recommendations for a mag approved lender here in SLC

    Cheers

    Sent from my Pixel 2 using Tapatalk

  10. #160
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    16,070
    Odd, I have never heard of a 30 year quote as good as a 15 year quote. I have locked a few 15 year loans at 2.50% as they were larger loan balances. Spoke to a mag yesterday with a small balance $199k and 2.75% made the most sense to cover like $3,000 of his costs.

    I had a source with great Jumbo pricing who is now in the toilet. I asked my rep WTF? She commented they were getting 500 locks a day for the last few weeks and their lines of credit to fund are maxed out, so until there pipeline clears out they are priced out of the market. I think there is a bit of that going on with many lenders. Give it 3 weeks and all things being the same, rates should improve a bit.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  11. #161
    Join Date
    Nov 2014
    Posts
    1,728
    more and more banks are locking their doors so they can process the folks who already got in today. Never heard of so much business being turned away due to low rates and high demand. 90-120 day loan completion time will not be uncommon if you're not already in process. Plenty of exceptions, but plenty of instances of those turn times being quoted.

  12. #162
    Join Date
    Sep 2005
    Location
    PRB
    Posts
    26,505
    Quote Originally Posted by mattig View Post
    more and more banks are locking their doors so they can process the folks who already got in today. Never heard of so much business being turned away due to low rates and high demand. 90-120 day loan completion time will not be uncommon if you're not already in process. Plenty of exceptions, but plenty of instances of those turn times being quoted.
    yeah, zillow and bankrate are showing rates in the high 4s or higher, which is essentially the equivalent of locking their doors.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  13. #163
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    16,070
    Quote Originally Posted by mattig View Post
    more and more banks are locking their doors so they can process the folks who already got in today. Never heard of so much business being turned away due to low rates and high demand. 90-120 day loan completion time will not be uncommon if you're not already in process. Plenty of exceptions, but plenty of instances of those turn times being quoted.
    Many of my investors are now pricing themselves out of the game. Just locked a guy in at 2.875% on a 30 Yr fixed. $500k loan amount & $1M value with a $3,300 credit towards his fees.

    Another guy priced with the same company was quoted 3.125% due to less equity in his property. Only had 30% equity
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  14. #164
    Join Date
    Nov 2014
    Posts
    1,728
    Quote Originally Posted by liv2ski View Post
    Many of my investors are now pricing themselves out of the game. Just locked a guy in at 2.875% on a 30 Yr fixed. $500k loan amount & $1M value with a $3,300 credit towards his fees.

    Another guy priced with the same company was quoted 3.125% due to less equity in his property. Only had 30% equity
    Yep, that 60 vs 70 LTV LLPA hit is stupid for some credit scores. Golden rule though, I guess.

  15. #165
    Join Date
    Feb 2006
    Location
    in the hills
    Posts
    339
    2.875 30 year refi Quicken Loans.
    " have another hit of sweet california sunshine"

  16. #166
    Join Date
    Mar 2007
    Location
    Hyperspace!
    Posts
    1,259
    yeah we just lowered and locked 2.875 30 yr - coming down from 4.1

  17. #167
    Join Date
    Oct 2018
    Posts
    276
    Is there a way to say 'I'll lock if the 30 year hits 2.xx' or anything, or is that just having a good broker who will call you back? Seems like an inefficient market when I'm just getting the luck of the hour when I call in for a quote.

  18. #168
    Join Date
    Sep 2005
    Location
    PRB
    Posts
    26,505
    I would lock at 2.875 if I could get it. Asked for a quote from zillow when they had that rate, 2 days later and they haven't gotten back to me (but send me automated marketing emails).
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  19. #169
    Join Date
    Sep 2008
    Posts
    596
    The Wing’s rate I quoted earlier dropped to 2.625 for 15 and 2.5 for 10. I started the process on Monday. They contacted me and said it would be a while for a loan officer to contact me but the rate would be secure. Still haven’t heard from a loan officer yet.


    Sent from my iPhone using TGR Forums

  20. #170
    Join Date
    Nov 2010
    Location
    Montrose, CO
    Posts
    3,484
    Quote Originally Posted by Garbowski View Post
    Is there a way to say 'I'll lock if the 30 year hits 2.xx' or anything, or is that just having a good broker who will call you back? Seems like an inefficient market when I'm just getting the luck of the hour when I call in for a quote.
    I think any good broker right now is so flooded with business that they are just going for the low hanging fruit. I put in many calls that were never returned.

  21. #171
    Join Date
    Oct 2011
    Location
    Aspen
    Posts
    1,668
    Anybody seeing decent numbers on low dollar loans? I tried Zillow and Quicken and got junk in the mid-4s. Currently at 4.375% on $150k value and $112k balance


    Sent from my iPhone using TGR Forums

  22. #172
    Join Date
    Sep 2005
    Location
    PRB
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    26,505
    Quote Originally Posted by alpinevibes View Post
    Anybody seeing decent numbers on low dollar loans? I tried Zillow and Quicken and got junk in the mid-4s. Currently at 4.375% on $150k value and $112k balance


    Sent from my iPhone using TGR Forums
    It's not the low dollar, it's that they're all swamped and have increased that public rate (see discussion above). Sit tight is my advice.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  23. #173
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    16,070
    Quote Originally Posted by Danno View Post
    It's not the low dollar, it's that they're all swamped and have increased that public rate (see discussion above). Sit tight is my advice.
    It is the low dollar loan as I have a minimum comp which means a small loan will not price out as well as a large loan. I am at max capacity now, so I will only help past clients and large loan amounts at this time. I hope my Jumbo pricing comes back soon.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  24. #174
    Join Date
    Nov 2014
    Posts
    1,728
    Yep, several aspects of the laws enacted to protect consumers ended up fucking people over.

  25. #175
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    31,001
    Quote Originally Posted by liv2ski View Post
    It is the low dollar loan as I have a minimum comp which means a small loan will not price out as well as a large loan. I am at max capacity now, so I will only help past clients and large loan amounts at this time. I hope my Jumbo pricing comes back soon.
    What do you consider Jumbo?
    Forum Cross Pollinator

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