Rates on the rise...any future predictions?

[Anonymous]

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DallasLoanGuy wrote:

I really don't have anything to add.

It just was bothering me to have "UpUpUp" as the last poster to a thread about rates.

Carry on.

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Why is that?

[Lel]

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@Anonymous wrote:

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@DallasLoanGuy wrote:

I really don't have anything to add.

It just was bothering me to have "UpUpUp" as the last poster to a thread about rates.

Carry on.

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Why is that?

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Presumably because the majority of us don't want rates to go Up, Up, Up!

[Anonymous]

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@Lel wrote:

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@Anonymous wrote:

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@DallasLoanGuy wrote:

I really don't have anything to add.

It just was bothering me to have "UpUpUp" as the last poster to a thread about rates.

Carry on.

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Why is that?

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Presumably because the majority of us don't want rates to go Up, Up, Up!

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Duh. Sorry, blonde moment.

[Anonymous]

Just curious ... does anyone here (ESPECIALLY Dallas!) have any idea if the criteria for getting a loan (conventional or FHA) will become much stricter??

We're hoping to be fit for financing ($40K+ down, $150K mortgage, scores in the high 600s to low 700s) in about a year when our recent lates have their 1 year B-Day. Are we being reasonable, or will the criteria/requirements get uglier by then?

Also, is my thinking out of whack when I ask this: With so many people feeling the credit crunch and more and more people emerging with tanked credit (not that I'm wishing that on ANYONE), will lower scores become more common? If that DOES happen, how will that affect lending?

TIA!! You guys ROCK!!

[DallasLoanGuy]

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Wonderin wrote:
Just curious ... does anyone here (ESPECIALLY Dallas!) have any idea if the criteria for getting a loan (conventional or FHA) will become much stricter??

We're hoping to be fit for financing ($40K+ down, $150K mortgage, scores in the high 600s to low 700s) in about a year when our recent lates have their 1 year B-Day. Are we being reasonable, or will the criteria/requirements get uglier by then?

Also, is my thinking out of whack when I ask this: With so many people feeling the credit crunch and more and more people emerging with tanked credit (not that I'm wishing that on ANYONE), will lower scores become more common? If that DOES happen, how will that affect lending?

TIA!! You guys ROCK!!

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i have not heard of any pending tweaks to the current approval guidelines.... just the recent 'risk based pricing' of mtg insurance.

with the inflation and especially the price of gasoline, i suspect that the revolving debt is increasing for many americans. higher revolving = lower scores.

lower scores = higher risk = higher rates

[Anonymous]

I think there is still a 50% chance of rates dropping though the end of the year.

If that does happen- I might re-fi