PSA - Mortgage Rates are DOWN
PSA - Mortgage Rates are DOWN
When the market opens tomorrow I will likely be looking at the lowest interest rates in 3-4 years. Just an FYI to anyone sitting at 4% or higher. Call your trusted mortgage advisor or PM me and I'll take care of you.
- Pandemonium
- Posts: 5724
- Joined: Tue Aug 02, 2011 3:18 pm
Re: PSA - Mortgage Rates are DOWN
I’ve got a 2% fixed rate on my 25 year mortgage. Beat that.
Re: PSA - Mortgage Rates are DOWN
How the hell did you get that rate without an ARM?Pandemonium wrote: ↑Mon Jan 27, 2020 10:44 pm
I’ve got a 2% fixed rate on my 25 year mortgage. Beat that.
I have a couple 3.61% fixed 30 Yr and I thought that was good.
Re: PSA - Mortgage Rates are DOWN
I've got 10yr fixed 3.6% up here in Canada (in year 6 of that now though) for a 25 yr. I'm leaning 5 yr variable for the next term though. Planning to max out the payments incl. permitted lump sums as soon as financially feasible. Worrying about tenths of a percent here and there seems a bit counterproductive if you've also got other debts at way higher rates. Obviously it's a lot of interest over the entire period, and you can cut a ton of that out, but it's balancing game with other costs/interests/time/energy, etc.
No joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
No joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
Re: PSA - Mortgage Rates are DOWN
I'm good on interest rate, but after 20 years here I like to look at the equity at this point.
Re: PSA - Mortgage Rates are DOWN
I assume you are teaching or something to do with education? Why Missouri? Couldn't you look anywhere? Didn't you like Wisconsin when you were there?Hype wrote: ↑Tue Jan 28, 2020 12:36 pmNo joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
I like Southern Missouri
Re: PSA - Mortgage Rates are DOWN
St Louis has a lot more history and character than Kansas City. But I love Kansas City as well. I'm there around 10 weekends out of the year for Chiefs games and to see family.Hype wrote: ↑Tue Jan 28, 2020 12:36 pmI've got 10yr fixed 3.6% up here in Canada (in year 6 of that now though) for a 25 yr. I'm leaning 5 yr variable for the next term though. Planning to max out the payments incl. permitted lump sums as soon as financially feasible. Worrying about tenths of a percent here and there seems a bit counterproductive if you've also got other debts at way higher rates. Obviously it's a lot of interest over the entire period, and you can cut a ton of that out, but it's balancing game with other costs/interests/time/energy, etc.
No joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
Re: PSA - Mortgage Rates are DOWN
Springfield is great. College town.creep wrote: ↑Tue Jan 28, 2020 6:50 pmI assume you are teaching or something to do with education? Why Missouri? Couldn't you look anywhere? Didn't you like Wisconsin when you were there?Hype wrote: ↑Tue Jan 28, 2020 12:36 pmNo joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
I like Southern Missouri
- Pandemonium
- Posts: 5724
- Joined: Tue Aug 02, 2011 3:18 pm
Re: PSA - Mortgage Rates are DOWN
During the financial crisis around 2010, in another search to refi our mortgage we discovered our mortgage was technically and legally flawed and we could basically get out of it and possibly even keep the house free and clear. Although that ultimately turned out not to be possible, we literally were able to stop making payments for 6 months while the legal haggling dragged on until we discovered we then qualified as we were technically in default on our mortgage for the Federal Loan Modification Program which got us the 2% rate.mockbee wrote: ↑Tue Jan 28, 2020 9:20 amHow the hell did you get that rate without an ARM?Pandemonium wrote: ↑Mon Jan 27, 2020 10:44 pm
I’ve got a 2% fixed rate on my 25 year mortgage. Beat that.
I have a couple 3.61% fixed 30 Yr and I thought that was good.
Re: PSA - Mortgage Rates are DOWN
I love Wisconsin, but it's not as cheap to live in Madison as it is to live in backwoods Missouri. I'm not seriously looking at moving to Missouri, but just daydreaming a bit about where I could get a huge lot and/or a decent-sized house for the same price as the relatively small place I own now because the Toronto market is so overheated it's effectively San Francisco at this point: https://www.blogto.com/real-estate-toro ... co-london/creep wrote: ↑Tue Jan 28, 2020 6:50 pmI assume you are teaching or something to do with education? Why Missouri? Couldn't you look anywhere? Didn't you like Wisconsin when you were there?Hype wrote: ↑Tue Jan 28, 2020 12:36 pmNo joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
I like Southern Missouri
Obviously that also means there are way more jobs here than Nowhereseville, USA. But it's fun to look at what I could get. Look at this place: https://www.zillow.com/homedetails/2933 ... 8036_zpid/ ! 3 bed, 3 bath, nearly 3,000 sq. ft, for 415k. Do you know what that gets you in Toronto? A very small condo. In the outskirts of the GTA? A very small townhome, maybe. 600-1500 sq. ft.
I also like looking at Arizona, for similar reasons, and because the climate is awesome. Same deal.
Re: PSA - Mortgage Rates are DOWN
Do you like Toronto? Why would you leave if you liked it?Hype wrote: ↑Wed Jan 29, 2020 3:23 amI love Wisconsin, but it's not as cheap to live in Madison as it is to live in backwoods Missouri. I'm not seriously looking at moving to Missouri, but just daydreaming a bit about where I could get a huge lot and/or a decent-sized house for the same price as the relatively small place I own now because the Toronto market is so overheated it's effectively San Francisco at this point: https://www.blogto.com/real-estate-toro ... co-london/creep wrote: ↑Tue Jan 28, 2020 6:50 pmI assume you are teaching or something to do with education? Why Missouri? Couldn't you look anywhere? Didn't you like Wisconsin when you were there?Hype wrote: ↑Tue Jan 28, 2020 12:36 pmNo joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
I like Southern Missouri
Obviously that also means there are way more jobs here than Nowhereseville, USA. But it's fun to look at what I could get. Look at this place: https://www.zillow.com/homedetails/2933 ... 8036_zpid/ ! 3 bed, 3 bath, nearly 3,000 sq. ft, for 415k. Do you know what that gets you in Toronto? A very small condo. In the outskirts of the GTA? A very small townhome, maybe. 600-1500 sq. ft.
I also like looking at Arizona, for similar reasons, and because the climate is awesome. Same deal.
I've lived for a spell in 5 of those top 20 most unaffordable places to live.
I always leave a place when the quality of life gets really sucky.
This gentrification on steroids really kills a place.....
And what are you talking about??? Arizona climate SUUUUUUCKS! 116 F for 3-4 months of the year?! Yuck!
Coastal California is the best climate ever.....
Re: PSA - Mortgage Rates are DOWN
I love Toronto, and yeah, leaving Canada would be difficult (free healthcare is the best, but then I wouldn't go south without health insurance anyway). Not planning to leave, just looking at what I could get if I sold my house and bought something in some relatively depressed market (compared to T.O.). Seriously, just looking at KC, MO, for the price of a regular-sized 3 bdrm family home out here, I could get a 4,000 sq ft+ mansion.mockbee wrote: ↑Wed Jan 29, 2020 3:45 amDo you like Toronto? Why would you leave if you liked it?Hype wrote: ↑Wed Jan 29, 2020 3:23 amI love Wisconsin, but it's not as cheap to live in Madison as it is to live in backwoods Missouri. I'm not seriously looking at moving to Missouri, but just daydreaming a bit about where I could get a huge lot and/or a decent-sized house for the same price as the relatively small place I own now because the Toronto market is so overheated it's effectively San Francisco at this point: https://www.blogto.com/real-estate-toro ... co-london/creep wrote: ↑Tue Jan 28, 2020 6:50 pmI assume you are teaching or something to do with education? Why Missouri? Couldn't you look anywhere? Didn't you like Wisconsin when you were there?Hype wrote: ↑Tue Jan 28, 2020 12:36 pmNo joke (okay, kind of joke), I was looking at houses in Missouri to see how much better a place I could get down there compared to the greater Toronto area, and it's amazing. But then I'd have to live in Missouri, and I think I'd only be comfortable in Kansas City.
I like Southern Missouri
Obviously that also means there are way more jobs here than Nowhereseville, USA. But it's fun to look at what I could get. Look at this place: https://www.zillow.com/homedetails/2933 ... 8036_zpid/ ! 3 bed, 3 bath, nearly 3,000 sq. ft, for 415k. Do you know what that gets you in Toronto? A very small condo. In the outskirts of the GTA? A very small townhome, maybe. 600-1500 sq. ft.
I also like looking at Arizona, for similar reasons, and because the climate is awesome. Same deal.
I've lived for a spell in 5 of those top 20 most unaffordable places to live.
I always leave a place when the quality of life gets really sucky.
This gentrification on steroids really kills a place.....
And what are you talking about??? Arizona climate SUUUUUUCKS! 116 F for 3-4 months of the year?! Yuck!
Coastal California is the best climate ever.....
As for AZ... I like the dry heat. Humid summers and damp cold winters are annoying.
Re: PSA - Mortgage Rates are DOWN
Well, if you got out of Phoenix GMA you might be alright. Just in there you got major pollution to deal with as well.
I agree with the midwest/plains climate totally sucking. Haven't lived there, but man it would be rough.
NW climate is pretty great as well.
Summers are fantastic, like best ever because everything is still so green and the weather is 70-80 F all the time and sunny.
Winters are alright, lots of rain, but just more reason to stay in and get stuff done that you care about.
And lots of times, like yesterday, the weather is really dynamic, where it will rain then clear up and the sun will just glisten on everything like the heavens are opening up....
Re: PSA - Mortgage Rates are DOWN
I could live in the greater Vancouver area, but it would be as expensive as where I am now, which is much less fun to daydream about.
Re: PSA - Mortgage Rates are DOWN
Hype wrote: ↑Wed Jan 29, 2020 3:23 amhttps://www.zillow.com/homedetails/2933 ... 8036_zpid/ ! 3 bed, 3 bath, nearly 3,000 sq. ft, for 415k.
The one thing I hate about houses in the Midwest is that no one has a fence around their house. Do you just let your dog run loose?Do your neighbors stare at you while you barbecue in your backyard? Out west every home with a normal lot has a fence around it.
Re: PSA - Mortgage Rates are DOWN
That is weird. Most neighbourhoods up here have fenced in backyards. The exception is, maybe, new developments, but that's usually because they're waiting for the developer to put the fence up, or maybe making arrangements to pay for it with their neighbours.
I'd probably look for a secluded lot, and put up my own fence.
I'd probably look for a secluded lot, and put up my own fence.
Re: PSA - Mortgage Rates are DOWN
Most of us have backyard fences. Every neighborhood I've ever lived in in the midwest has backyard fences.creep wrote: ↑Wed Jan 29, 2020 5:18 amHype wrote: ↑Wed Jan 29, 2020 3:23 amhttps://www.zillow.com/homedetails/2933 ... 8036_zpid/ ! 3 bed, 3 bath, nearly 3,000 sq. ft, for 415k.
The one thing I hate about houses in the Midwest is that no one has a fence around their house. Do you just let your dog run loose?Do your neighbors stare at you while you barbecue in your backyard? Out west every home with a normal lot has a fence around it.
Re: PSA - Mortgage Rates are DOWN
I believe you -- this is true everywhere, not just the US. But there are rough sociocultural/economic indicators that help determine things like livability, cost of living, etc. Sometimes it could just be how long a place has had a certain governor, or mayor, or whatever.
I do love BBQ and forests and Mark Twain, though.
Re: PSA - Mortgage Rates are DOWN
I take meeting sometimes with members of the St. Louis Federal Reserve.Hype wrote: ↑Wed Jan 29, 2020 7:21 amI believe you -- this is true everywhere, not just the US. But there are rough sociocultural/economic indicators that help determine things like livability, cost of living, etc. Sometimes it could just be how long a place has had a certain governor, or mayor, or whatever.
I do love BBQ and forests and Mark Twain, though.
There is economic data that is less than encouraging, but there are also very encouraging developments like the Cortex in Midtown that is flourishing with Tech startups.
And due to things like having one of the largest urban parks in America, filled with free museums, zoo's and stunning architecture, St Louis is frequently being listed as a trendy place to visit and live now. There's definitely a buzz and sense of growth occurring that I firmly believe will reverse some of the troubling economic data.
Also, the crime data is skewed because we are one of the few cities that features a separate city and county. So the crime rate per segment of the population statistic is apples and oranges compared to other cities.
The food scene is booming. There has been a major revitalization over the past decade and you are seeing some of the best chefs in America operating here. One of the top 10 pastry chefs from one list or another just opened up shop down the street from me.
And working in the housing Industry I can tell you that inventory has become extremely tight and home prices are surging. That is emblematic of a larger Trend across the United States but St Louis County in particular is approaching having more buyers than available inventory.
Point being, it's not just Ferguson and BBQ.
Re: PSA - Mortgage Rates are DOWN
Yeah, you got the Wainwright Buildimg!
Honestly I love Sullivans stuff and this would be a top sight for me.
That and the Cahokia Mounds....
Honestly I love Sullivans stuff and this would be a top sight for me.
That and the Cahokia Mounds....