Tony Montana

7.60 on 20yr
11.48 on 10yr

Loan Ranger

6.75% for 10 years works out to $11.48 per $1000 financed.
Big power means we can do 1075's, 1500's, triples.

PJDiesel

Oh, I meant, where does underwriting decide you are big power

Loan Ranger

Hey Joe, you taking my job?? I hope all is well with you and your boat.

Loan Ranger

Anything above 525's.

Tony Montana

Just trying to help you out All is well thanks.

BryanTuvell

Great responses, thanks.
I was gone most of 2007 but from what I read and I am hearing the 7% range is where everyone seems to be.

Jobi, I am just looking... I plan to try to break 200 hours this season in the one I got, if I am ever home long enough.
But then again, I haven't found the "right" deal...

Thanks again for the data all.
Bryan

DaveP

I just did a MTI Cat with twin 1000's for 6.50%.

PJDiesel

Might as well share your source........

Semper Fi

I would wait until the end of the month. The Fed is supposed to lower the Fed Funds rate......this wil lower short term interest rates like Home Equity Lines Of Credit (HELOC), credit cards, car and boat loan rates. The long term mortgage rates are not affected by this.

The bonds value changes the % rates for longer term mortgage backed securities (like a 15, 20, 30 yr fixed) When bond values are high, mortgages rates go lower and the opposite. Right now the FNMA (Fannie Mae) 5.5% 30 yr is at 101.28 and going lower..........which means that rates will slightly go up.