swtsarina asked:


Countrywide told us that for a 30 year fixed rate for a $417k loan it would be 6% because we work for the government and any mortgage company will offer the same exact rate because it is the “government rate”. Is this correct? I never heard of such a thing.

Keith

lynndh5 asked:


With the fed just meeting, should I wait until the end before I lock into a mortgage rate. The current rate quoted for me by my bank is 6.125% with 5% down or 6.375% for 100% financing. This is my first home purchase and I don’t want to do the wrong thing…..

Benjamin

jsoosik58 asked:


I am considering refinancing and I see a mortgage rate of 5.75% and an apr of 6%

Theresa

elmho01 asked:


Hi
How come Fed rate is down and mortgage rate are up to the roof?
Thanks

Mathew

Kiwi asked:


I just read that foreclosures are up 78% in my state, and a lot of them were because people could not afford to pay on their skyrocketing adjustable rate mortgage. I have never bought a home before, but I would like to know why anyone would choose such a mortgage. Are fixed rate mortgages so much harder to obtain?

Betty

GI beaner asked:


whould the mortgage rate go up or down.

Holly

negotiate_mortgage asked:


My wife and I have a 30 yr. fixed @ 5.75% w/Citimortgage. We not only pay on time, but typically make 3 additional payments/ year. With the loan market being as it is….can you negotiate with your mortgage rate?

Lorraine

acman07033 asked:


I recently got a quote for a 30 yr. fixed rate mortgage of 6.75% and was wondering if that was a good rate considering I have an excellent credit score. I simply thought it would have been lower, and did not know if it were negotiable.

Yolanda

Ashley Z asked:


How do they determine your mortgage rate if you are getting a house with a friend not a husband? Do they average both of your credit scores?

Sean

vaplaya121487 asked:


Being that it is a new year one of my resolutions was to do more research before a jumped into anything. Being that I’m new to the housing market what are the benefits of a fixed rate mortgage compared to an adjustable rate?

Holly