Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

1 Answer

Answer :

From what I understand, Feds cutting interest rates dosen’t do much for mortgage rates. I was going to refinance but it just wasn’t worth it.

Related questions

Description : When to lock in mortgage interest rate?

Last Answer : answer:Lock it in as soon as the fed indicates that it will start to raise interest rates. I suggest you wait the lenders lower their rates in phases. A little after the Fed lowers then start to ... before they reach the lowest rate. This is my opinion based on what I have seen occur since 1994.

Description : What would a good percentage rate on a home loan be?

Last Answer : Depends on the term and your credit

Description : How to calculate how paying extra principle on a loan changes payoff date?

Last Answer : link for a loan calculator. You can add extra payments in the second section.

Description : What's something that fascinates your older self that your younger self had no interest in?

Last Answer : Watching Gold smelting videos.

Description : Can you explain the sudden surge of interest in my '63 Volkswagen?

Last Answer : Simple. It correlates with the number of people who tripped over their own two feet and died between 1999 and 2009. The true facts here

Description : How does paying extra on my house payment affect my principal and interest?

Last Answer : It lowers your principal and thereby the amount you pay out in interest, but it won't affect your contractual interest rate. Paying down a mortgage early is an excellent idea. Many people with 30 year mortgages ... in Europe or Asia. And you'll always have a home to come to when you're done.

Description : Fluff time: do you give away the milkshake for free if the guys are interested?

Last Answer : HUH?? Is something in YOUR milkshake?

Description : Do you have experience with Supernatural occurances?

Last Answer : You mean like green balls of light falling out of the sky on a stormy night?? Yes…

Description : Dear Americans: do you pay attention to presidential or Prime Minister elections in other countries?

Last Answer : Many nations see the United States as a standing threat. At the very least, we are potentially dangerous to other nations. Our election matters a great deal, given our wealth combined with our military power. ... it would be hard to know who and what are important in all of the rest of the world.

Description : If you won a reality TV "Drone for a Day" contest, what would you have your drone do for your episode?

Last Answer : Tell me when the bus/taxi is coming.

Description : Does payment amount make a difference on your credit rating?

Last Answer : answer:Wrong wrong wrong wrong wrong. Did I mention that is wrong? Pay it off. If you pay it off in full each month, and do it on time and regularly, you get just as good or maybe even a ... . If you value your future, do not waste money that way. Worry about your finances, not your credit rating.

Description : Have you come across anything new recently?

Last Answer : answer:Well, nothing under the sun, for the obvious reason. I’ll try to think back to see what else there might be, though. EDIT: Oh, yeah. The hoverbike.

Description : What are the differences in payments with a 15 year note vs a 30 year note?

Last Answer : You can go to google and search free mortgage calculator and put in your specifics, and you will see the difference. But no, it is not twice the amount for a 30 year loan. Here

Description : Is there a way to search for users interested in a particular topic?

Last Answer : When you go to a page for a topic there is a People tab. It doesn’t show all of them but it is at least something.

Description : You send curiosity, but doesn't show. Your heart breaks, but no one knows. He sees you, but walks away. You grab the gun and pull the trigger. What am I? -Riddles

Last Answer : Despair and Betrayal.

Description : Now that the Fed has lowered interest rates another quarter point is it time to refinance our home mortgage?

Last Answer : It depends what rate and term you have now. Add in closing cost to what you owe and do an amoritization. Then compare it to where you are at now.

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

Description : Study of drug-receptor interaction has now shown that: A. Maximal response occurs only when all receptors are occupied by the drug B. Drugs exert an all or none' action on a ... lock and key' structural features D. Properties of affinity' and intrinsic activity' are independently variable

Last Answer : D. Properties of ‘affinity’ and ‘intrinsic activity’ are independently variable

Description : Study of drug-receptor interaction has now shown that: A. Maximal response occurs only when all receptors are occupied by the drug B. Drugs exert an all or none' action on a ... lock and key' structural features D. Properties of affinity' and intrinsic activity' are independently variable

Last Answer : D. Properties of ‘affinity’ and ‘intrinsic activity’ are independently variable

Description : How do I go about getting a title loan so I can make a mortgage payment?

Last Answer : You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.

Description : The DME in an aircraft, cruising at FL210, fails to achieve a lock on a DME at MSL at a range of 210nm. The reason for this is: a. The beacon is saturated b. The aircraft is beyond ... is beyond line of sight range d. The aircraft signal is too weak at the range to trigger a response

Last Answer : c. The aircraft is beyond line of sight range

Description : When an ARM (adjustable rate mortgage) adjusts, does only the interest rate change, or is the balance re-amortized for the remaining period?

Last Answer : ARMs reamortize out to the original length of the contract on the adjustment date. If you make extra principal payments the monthly payments will be reduced to maintain the same maturity date. I knocked over $100 off my monthly payment in the first five years of my mortgage by making extra payments.

Description : Fixed Rate Mortgage vs. Interest Only Mortgage?

Last Answer : Fixed Rate Mortgage vs. Interest Only MortgageA fixed rate mortgage has the same payment for the entire termof the loan. Use this calculator to compare a fixed rate mortgageto Interest Only Mortgage.

Description : Could you pull the trigger?

Last Answer : it is possible to reach a point where the hurt, shock an disappointment you’ll inflict on others, pale in comparison to the agony of going on with a dreadful existence…

Description : What is the average interest rate on a Home Equity Loan in Texas?

Last Answer : The average interest rate on a Home Equity Loan in Texas is about 8 to 10%. You can read more at www.window.state.tx.us/specialrpt/homeeqty03/ There are several different types of loans and circumastances,so a tru average is not possible. You can find rates as low as 5% and as high as 19%

Description : How did you save your variable mortgage home?

Last Answer : There are a couple of different loans you can look into with Freddie Mac. One is a HARP loan and one is a HASP loan. These loans are available to people that, through no fault of their own, is ... 's something I have to think about to make my payments affordable until I find another job. Good luck.

Description : What is the national average right now for mortgage interest rates?

Last Answer : The national average for a 30 year fixed mortgage rate is 4.89%. This rate can either increase or decrease depending on the loan ammount. As of March 6, 2010, the national average mortgage interest rate ... 5.31%. The national average mortgage interest rate for a 15 year fixed rate loan is 4.68%.

Description : What is Interest rate on mortgage?

Last Answer : It will depend on the lender and the risk of default.

Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times

Last Answer : Answer: 4•06 times

Description : Differential lock offers advantage of A. Better drawbar pull when drive wheel are under different conditions B. Easier to plant in straight rows C. Reduces stearing effort and side draft when operating with certain implements D. All of the above

Last Answer : D. All of the above

Description : Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Last Answer : This type of transaction will not be permissible. Because it is not permissible to get any benefit from the borrower in return for the loan. That includes interest. In the case in question, ... bin Masood agreed. That said , the conditional contract involves interest. (Sahih Ibn Hibban 1053)

Description : What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

Last Answer : You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.

Description : Demand pull inflation may be caused by (a) An increase in cost (b) A decrease in interest rate © A reduction in government spending (d) An outward shift of aggregate supply.

Last Answer : (b) A decrease in interest rate

Description : can i get a loan to fix my house and not take out second mortgage?

Last Answer : can i get aloan to fix my house without taken a second mortgage out

Description : I need to know current VA mortgage interest rates. Where can I locate this information on line?

Last Answer : A website titled, "Mortgageloan.com" gives great information on Virginia mortgage rates and even lets you compare to other locations. Check it out!

Description : How often does a pre-approved mortgage loan not happen?

Last Answer : As long as the documentation you provide matches the information you provided to obtain the pre-approval the loan should go through fairly easily. Your best bet to keep things moving and ensure a ... all of your documentation is in line, it should go right through! Good luck and congratulations!

Description : What does a mortgage loan officer do exactly?

Last Answer : answer:It depends what type of company you're interviewing with. Home mortgage branches of large banks usually are commission driven. Credit unions usually have no commission whatsoever. You'll be staying an ... attorneys now but some still do their own closings, so you may handle that aspect also.

Description : How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Last Answer : Should be 2 weeks tops.

Description : What is a good place to get a co-op mortgage loan?

Last Answer : I got a mortgage for my co-op from CitiMortgage - citimortgage.com - which is a division of CitiBank. I don't know where you live, but they apparently do a large portion of the mortgages on apartments in manhattan (where I live), which are primarily co-ops.

Description : Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Last Answer : A mortgage(Apex)

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

Description : Mortgage Loan Calculator?

Last Answer : Mortgage Loan CalculatorUse this calculator to generate an estimated amortizationschedule for your current mortgage. Quickly see how much interestyou could pay and your estimated principal balances. You ... prepayments! Press the "ViewReport" button for a full yearly or monthly amortizationschedule.

Description : what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Last Answer : what type of grant would help to pay off a mortgage of about $35,000 loan for senioir citizens?

Description : How can I pay my mortgage loan on-line?

Last Answer : “How can I pay my mortgage loan on-line?”

Description : Does a mortgage pre approval guarantee a mortgage loan approval?

Last Answer : Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.

Description : Is an FHA loan a type of government mortgage assistance?

Last Answer : Yes, an FHA loan is a special program for first time home-buyers. It offers you a first time home buyer credit and is a form of government assistance.

Description : What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Last Answer : Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.

Description : Is it possible to still get a reverse mortgage loan with bad credit?

Last Answer : You can get reverse mortgage, but you must also realize that if you pass away or sell your house you do not get all of the money. They will take it and all the interest that goes with it.

Description : What is a reverse mortgage loan, and where can I get one?

Last Answer : A reverse mortgage is a type of (lifetime morage) for people the ages of 62 and over. It allows the homeowner to access a portion of their equity. I was always told it wasent a good idea.

Description : What are the FHA loan requirements for mortgage insurance?

Last Answer : The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States ... properties since 1934 when it was created. Learn more about FHA loan requirements and guidelines.