Friday’s Rates…

Rhonda Porter on 04 27, 2007

….are the same as last Friday!  I was stalling…almost hoping for a rate change to try to prove my point to Ardell on how much rates can change.   Alas…I may have to wait until next week to prove my point.  Rates did increase a bit during the week and have come back to the same point as this time last Friday.   30 year fixed rate under 6%–who’s complaining?   ;)

About the Author: Rhonda Porter

Rhonda Porter began her mortgage career on April 1, 2000 at Mortgage Master Service Corporation, a family-owned correspondent lender that has been lending in the Pacific Northwest for over 30 years. Prior to mortgage, she was in title industry for 14 years where she managed an escrow branch and gained an invaluable insight to the real estate industry. Rhonda Porter has a CMPS designation and is a Licensed Loan Originator 510-LO-32047. Rhonda is also the Chairperson for the Social Media Committee for WAMP (Washington Association of Mortgage Professionals). She was recognized in Seattle Weekly's Best of 2009 issue as the Best Twitting Mortgage Broker (check at her Twitter @mortgageporter) and Sellsius 2007 Top 12 Women Real Estate Bloggers and 2007-2008 Maginficent 7 Consumer Articles. Rhonda originates mortgages for homes located in Washington State. You can reach Rhonda at rhonda@mortgageporter.com or by calling (206) 718-9488. NOTE: Rhonda Porter and Mortgage Master Service Corporation are not affiliated with any real estate brokerages.

2 Responses to “Friday’s Rates…”

  1. ARDELL
    April 27, 2007 at 3:30 pm

    LOL You are so funny. I’m sure it changed from a 1 pt loan to a .95 pt. loan :)

    To answer your other question, the 5.75% rate I closed on this week with one of my clients was a .75 origination; zero discount points. That was the 20% down client. Did another 5.75% on the first with a small second and 10% down and did an 80/20. The 80/20 was a bear because it was a condo conversion with only 17 units closed.

    Reply
    #129075
  2. Rhonda Porter
    April 27, 2007 at 3:55 pm

    When was it locked? That’s what will really matter. I’m closing a 5.75% loan next week in spite of the escrow company. :( GRRR. (Not Legacy or Talon).

    Reply
    #129081

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