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A Tale of Two Interest Rates

By Bellingham Bill following x   2016 Dec 26, 10:26am 799 views   3 comments   watch   sfw   quote     share    


These two screenshots show home prices went up 1% thanks to the Fed raise.

Top is December 3 ratesheet, lower is December 24, on a $425,000 property with 20% down.

points went up $4,000 to get the 3.625% 30 year fixed.

Not sure home prices are going to fall $4000 in compensation, while in theory that's how the market should work, that's not how prices work in practice.

2   someone else   ignore (0)   2016 Dec 26, 10:50am   ↑ like (1)   ↓ dislike (0)   quote        

Thanks, this is interesting.

Never heard about negative fees and points before (bottom of the upper rate sheet).

3   anonymous   ignore (null)   2016 Dec 26, 10:55am   ↑ like (1)   ↓ dislike (0)   quote        

Patrick says

Thanks, this is interesting.

Never heard about negative fees and points before (bottom of the upper rate sheet).

Really?

Wow





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