Mortgage Grapevine

OT: ON Topic


we refi'd people from the 7's and 8's in 2006
we refi'd people from the 6's and 7's in 2009
we refi'd people from the 5's and 6's in 2011
we are now refi-ing people from the 4's and 5's

purchases are going in the 3's.....

so when is the curning going to stop? are rates going to the 1's and 2's or is this going to start to dry up next year?

Just interested in everyones take on this
by Donktard Borker December 4, 2012 1:50 PM

The election is over. They will raise rates soon. Geithner has said so.

by splugy's ghost December 4, 2012 2:03 PM

Every percent raised is a 10% drop in value.

I'm ready...mostly.
by turdly December 4, 2012 2:14 PM


Believe it or not, I still have a number of customers that do 70% purchase business. I also have a bunch that are closer to 70 % refi.

Doesn't take a rocket sceintist to decide who will survive.

And even when rates go up. Mortgage rates will be cheaper than credit card rates, the 30 year loan term will make total payments go down, and bill consolidations will continue to happen, especially if home values start to go up.

It's going to be a bumpy ride.
by YATI December 4, 2012 3:29 PM

Yati...give donk a Break.

...He's in Detroit!

....Go Red Wings even though Hockey isn't playin.

by Bo Bo the Dancing Snowflake December 4, 2012 4:24 PM

Bo Bo,

That is rough.

Go Wild!!!

And Dallas, We want out name back....That goes for the Lakers too.

by YATI December 4, 2012 6:14 PM


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