Seeking Alpha

MBA Mortgage Applications

Comments (5)
  • Micah
    , contributor
    Comments (478) | Send Message
     
    Pent-up demand reacting to the quick drop in rates
    15 Jan, 12:02 PM Reply Like
  • Bouchart
    , contributor
    Comments (776) | Send Message
     
    After months and years of record low mortgage rates, there's still pent up demand?
    15 Jan, 12:25 PM Reply Like
  • Micah
    , contributor
    Comments (478) | Send Message
     
    yes - for those who were on the fence about floating down and watching a constant increase in rates, the downturn last week I guarantee got people off the fence who do not want to miss these record low rates.
    15 Jan, 12:34 PM Reply Like
  • Bouchart
    , contributor
    Comments (776) | Send Message
     
    How large was the downturn in rates?
    15 Jan, 12:47 PM Reply Like
  • Micah
    , contributor
    Comments (478) | Send Message
     
    I can only speak for myself - since I am building a house. They have been at 4.75% prime for several months.

     

    I was able to float down to 4.5% and locked last week. Doesn't sound like much but it will be $35 less/month for me.

     

    I have been watching rates daily waiting for my chance - and it finally happened last week after the jobs number.
    15 Jan, 03:01 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector