Posted on: 12th Jul, 2009 05:47 pm
what are current fha home loan interest rates in louisiana. i was offered 5.125
Hi Guest,
The interest rates vary from lender to lender and from one situation to another. It depends on various factors like the amount of down payment you have put in, your credit score, any points you have paid upfront etc. But apparently it looks like an interest rate of 5.125 is good. You can bring it down furhter by paying a few more discount points at the closing.
The interest rates vary from lender to lender and from one situation to another. It depends on various factors like the amount of down payment you have put in, your credit score, any points you have paid upfront etc. But apparently it looks like an interest rate of 5.125 is good. You can bring it down furhter by paying a few more discount points at the closing.
Guest
Welcome to the forum
5.125% is good for the current market.
But the rates have been goign down in the last few days. Probably you may want to wait a little bit, may be you can get better rate.
Good luck and feel free to ask
Welcome to the forum
5.125% is good for the current market.
But the rates have been goign down in the last few days. Probably you may want to wait a little bit, may be you can get better rate.
Good luck and feel free to ask
rates go down, they go up, they go down, they go up. that is the cyclical nature of the mortgage business. you'll find that today's "best" rate is different than friday's "best" rate, and so on tomorrow ad infinitum.
5.125%, i agree, is a good rate - well within the scope of recent rates.
5.125%, i agree, is a good rate - well within the scope of recent rates.
As lender to lender differs the rate of interest. But I think you are getting very good Interest rate of 5.125.
But as there is recession you should wait for some days so that interste rate will decrese.
That will benefit you for long term.
Just check with 2-3 lenders.
But as there is recession you should wait for some days so that interste rate will decrese.
That will benefit you for long term.
Just check with 2-3 lenders.
please be careful with your rate. as noted, at 5.125% you are in good shape. rates are not necessarily on a downward slide. rates are continuously changing - up and down sometimes in the same day. you can't count on them dropping again anytime soon.