tardis_mom asked:


Everybody keeps saying that the economy needs a jump start - well, I am certainly willing to do my part and spend more once I have refinanced my current mortgage. However, it seems like the 30 year fixed rates continue to hover around 6-6.25%. Is there any reason to believe that these rates will fall?

Shad

nmlady20022002 asked:


I am going to re-finance my interest only mortgage and need suggestions on when to lock in an interest rate. How long will they continue to drop?

Tracey

greenwheel2 asked:


I would like to buy a house with my wife, however my name is currently jointly on the mortgage/title with one of my elderly parents on their house. Would it be possible to transfer my joint ownership of that house to another family member without refinacing, or would I have to “sell” the house to them and get hit with the higher interest rate?

Robert

Zapp Brannigan asked:


Why would they be for and against it?

Would they be against it because they’re against government assistance and that everyone is liable for their own properties?

I can’t think of any reasons why they would agree to help, some assistance is greatly appreciated and thank you in advance!

Gil

nomethinks asked:


How does that correlation work?

How do mortgage rates respond to the circumstances of Fannie and Freddie?

Willis

-* asked:


I would like to hear your take on why this is happening . For 3 straight weeks, interest rates have been dropping on 30yr mortgages. My rationale : I think they are falling because the mortgage lenders do not have enough demand but an over-abundence of capital from foreign countrys as the USA keeps buying more imports than selling the world stuff, and its causing another imbalance where the countrys are running out of places to invest.I also think it’s further proof the housing bubble has popped…..I suppose many here will say it’s going to be good for housing as there is no ‘bubble’. I’d still like to hear from you.

Earlene

Hanhan C asked:


im planning to buy a house and it would take 6 months to finish building it , i heard that the Fed might increase interest rate to combat inflation, would this mean that the interest rate on the time i would closed the house would also increase?

Wilford

vtl asked:


Would it be better to stop making the payments to get a lender to actually work with me?

Lourdes

Math Help Guy asked:


I saw today that my local bank’s 30-year fixed mortgage rate is 5.375%. How much longer will they continue to decline, and how low will they go?
I realize that none of you have a crystal ball, but aren’t there companies out there that forcast this type of thing? What are they saying?

Lois

Smiles asked:


I’ve put down some money for earnest money. The bank told me I would get X interest rate. It’s written in the contract that I must find financing that does not exceed X % interest, etc.

Now the bank is telling me I must pay Y %interest. It’s more a lot more than X.

Do I still get my earnest money back?
Do I have to pay for the survey and apprasial that have already be completed???
My loan officer never mentioned anything about floating rates or locked rates! I’m so aggravated with this bank! I think I’m going to cut my loses, pay what I have to and back out of the contract. This is ridiculous!

Catherine