Corepuncher
Well-known member
WHOA...what website is that????
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350zCommtech's Account Talk
- Thread starter 350zCommTech
- Start date
WHOA...what website is that????
Minnow
Well-known member
the website with the conforming wholesale mortgage interest rates is:
www.mtgprofessor.com
my mortgage is with national city mortgage company (they got bought out before they went bankrupt, I think).
theirs is: www.nationalcitymortgage.com but you do have to plug in your zip code so, rates will vary.
McDuck
Well-known member
I think the general rule is that the rate needs to go down 2% lower than your current rated before refinancing is worthwhile.
I'm 3 years into a 15 year loan at 5.5%.
Minnow
Well-known member
the answer to all mortgage related questions is: it depends on your individual circumstances.
--- some considerations should be: how long do you plan on staying in the house with your mortgage? what is the current appreciation/(and yuck depreciation) rate?
the mtgprofessor.com website I referenced has some great calculators that will answer questions for you but you need to do your own homework to fill in the blanks for those calculators.
before I sound like an ad for the website, I would just say to consider your own situation before undertaking a refi.
350zCommTech
Well-known member
It had a low of 91.15 today. 90 is only 2% from where it is now. It could happen as fast as this afternoon, which would be very bad if you're in stocks. My wild ass guess is maybe Sunday night/Monday morning. Somebody blowing up over the weekend maybe?
If that happens, it probably won't last long as the BOJ will intervene.
In 5 to 10 years.:nuts:
ATCJeff
Well-known member
I'm still waiting on a good entry point. I would love to see another 26% pop!
BTW, -1 for spelling
Minnow
Well-known member
26%? Count me in!!!
my first spelling correction.... I'm honored :embarrest:
oh, and the talk is that the auto bailout won't pass the senate so, that could be the blowup... or maybe that's already baked in.
ATCJeff
Well-known member
Looks like it's dead. Here goes the sell off!
Bush’s Auto Bailout Plan Lacks the Votes to Pass U.S. Senate
http://www.bloomberg.com/apps/news?pid=20601087&sid=asznGuD.2aXs&refer=home
350zCommTech
Well-known member
Yup, I've been thinking the same thing.
As for the weekend blow up, I don't have any hard evidence, but take a look at XLF's action in the last couple of days. Might just be profit taking. My MS short has been paying handsomely.
350zCommTech
Well-known member
Hey, what's going on? Why is it so quiet around here?
Frixxxx
Moderator
Sorry, Certification class this week. Trying to study too. Oh, AND do my job.
I'll stop by on Monday!
350zCommTech
Well-known member
Not sure what caused the futures to dump so much after hours, but currencies are not confirming this sell off. The Nikkei is only down 160 points. The markets already new the automaker bailout was in question and sold off nearly 3%.
Nope - the bailout passage is what's baked in into the existing levels, not the lack of passage.
All bets off if there's it doesn't pass both house and senate tomorrow - I think that's a gong show - I suppose there's a slim possibility something may happen on the weekend, but I doubt it. I'm pretty sure based on their reserves and what they've been spending that there is NOT another week of money left in GM to continue operations; expect some sort of announcement tomorrow - dunno what. Could be a last-minute bailout, could be 250,000 out of work.
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felixthecat
Member
Breaking news....Auto bill dead as a doornail. Premarket futures plunge to low of nearly 5 percent on the S&P. What is going to happen tomorrow? Will it get worse or better?
