1,201,302
Not mine BUT I can understand why yours is...
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Gene Mundt, IL/WI Mort...
New Lenox, IL
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Joan Cox
Denver, CO
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
6,416,949
No, my phone has been ringing with inquiries on properties, but not interest rates.
However, I have recieved emails from plenty of lenders, informing everyone that the rate the govt gives out will not be translating to our clients, lenders are busy and do not have time to process the surplus of apps that such a drop would generate, and of course the lender does need to make a buck too so they will not be giving out any zero percent loans.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Doug Dawes
Topsfield, MA
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Michael Jacobs
Pasadena, CA
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Bob Crane
Stevens Point, WI
4,582,018
I hope the flurry leads to business and not fury.
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Gene Mundt, IL/WI Mort...
New Lenox, IL
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
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Bob "RealMan" Timm
Minot, ND
2,399,670
I am NOT experiencing the same but I'm sure it will lead to a flurry of business for me as a Notary Public loan closer.
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Gene Mundt, IL/WI Mort...
New Lenox, IL
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
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Michael Jacobs
Pasadena, CA
2,456,019
I have not received interest rate questions but thanks for the link!
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Gene Mundt, IL/WI Mort...
New Lenox, IL
5,060,258
Actually calls are abput other matters, not the interest rates! Thanks for the article - I hadn't seen it.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
5,877,189
Many think when the Fed drops the interest rate, that it equates directly to the mortgage interest rate. Not so!
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Bob "RealMan" Timm
Minot, ND
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Gene Mundt, IL/WI Mort...
New Lenox, IL
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Doug Dawes
Topsfield, MA
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Michael Jacobs
Pasadena, CA
5,772,575
That makes sense Gene. Hopefully you get business from these calls. A
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Gene Mundt, IL/WI Mort...
New Lenox, IL
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Doug Dawes
Topsfield, MA
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
3,416,038
That is great information Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi as everyone seems to asking questions, some concerned and some excited thinking they will gte a 0% mortgage.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
420,003
Now up to 43 calls about wanting zero, how I wish it were so
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
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Gene Mundt, IL/WI Mort...
New Lenox, IL
1,552,964
I'd ask Jason E. Gordon he just posted this morning on this in the Q&A here. Additionally, but what I've heard so far (elsewhere) is The Fed's drop in rates will not have much of a direct correlation on the mortgage rates. But, The Fed is going to stabilize the stock market with a $700 Billion dollar injection into mortgage backed securities. Rates were under 3% two weeks ago, last week jumped to over 4%, but rumor is they are coming back down slowly.
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Doug Dawes
Topsfield, MA
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Michael Jacobs
Pasadena, CA
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Thomas J. Nelson, REAL...
La Jolla, CA
2,245,575
Refinancing when so so far into an accellerated mortgage pay down might not be worth it. Every case is different and thanks for the links Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi You are the AR bank man money guy.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
3,349,239
People think because the Feds drop the rate the interest rates are automatically dropping as well.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
5,253,385
I have had a few folks inquire but, the last day has been about buying and selling - the physicality of it. Thank you for sharing this for us to share, Brother Gene!
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Michael Jacobs
Pasadena, CA
7,862,428
Smart consumers will take advantage of the very attractive mortgage interest rates.
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Michael Jacobs
Pasadena, CA