Comments on: No Big Rate Surprise with the FOMC http://raincityguide.com/2009/06/24/no-big-rate-surprise-with-the-fomc/ Seattle's Leading Resource for Real Estate Information Sat, 20 Mar 2010 23:08:33 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Brian Brady http://raincityguide.com/2009/06/24/no-big-rate-surprise-with-the-fomc/#comment-341037 Brian Brady Fri, 26 Jun 2009 02:28:41 +0000 http://raincityguide.com/?p=6767#comment-341037 My definition of par is, as you quote, a 1% origination fee with no discount points. I think we'll actually get down to 5.0%, in July before we pop back up to the high 5s. After July, I think "par" will be between 5,25%-5.75% through Christmas... ...I guess. Who the hell really knows anymore? My definition of par is, as you quote, a 1% origination fee with no discount points. I think we’ll actually get down to 5.0%, in July before we pop back up to the high 5s. After July, I think “par” will be between 5,25%-5.75% through Christmas…

…I guess. Who the hell really knows anymore?

]]> By: Rhonda Porter http://raincityguide.com/2009/06/24/no-big-rate-surprise-with-the-fomc/#comment-340971 Rhonda Porter Thu, 25 Jun 2009 04:03:03 +0000 http://raincityguide.com/?p=6767#comment-340971 <p>Brian, you'd really have to toss a coin to guess mortgage rates. The old factors that once were useful with predicting rates are no longer reliable. </p> <p>Today's statement from the Fed restate's their commitment to purchasing MBS and agency debt... however, it could be a drop in the bucket against a strong current of rising mortgage rates. I <em>half</em> expected rates to improve a little today since the Fed said they believe "inflation will remain subdued for some time"...perhaps Wall St doesn't buy it?</p> <p>When you say "par", do you mean no orignation fee, no discount points? If that's what you mean, then I think in August we may see high 5's for the criteria I quote at RCG.</p> What's your prediction? Brian, you’d really have to toss a coin to guess mortgage rates. The old factors that once were useful with predicting rates are no longer reliable.

Today’s statement from the Fed restate’s their commitment to purchasing MBS and agency debt… however, it could be a drop in the bucket against a strong current of rising mortgage rates. I half expected rates to improve a little today since the Fed said they believe “inflation will remain subdued for some time”…perhaps Wall St doesn’t buy it?

When you say “par”, do you mean no orignation fee, no discount points? If that’s what you mean, then I think in August we may see high 5’s for the criteria I quote at RCG.

What’s your prediction?

]]> By: Brian Brady http://raincityguide.com/2009/06/24/no-big-rate-surprise-with-the-fomc/#comment-340970 Brian Brady Thu, 25 Jun 2009 03:52:44 +0000 http://raincityguide.com/?p=6767#comment-340970 What's your take by August ? 5% or 6% par conforming rates? What’s your take by August ?

5% or 6% par conforming rates?

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