I want to give kudos to GW...

**Dale Mabry** · 06-04-2004, 09:24 AM

Economy is improving, gotta give him his props, I ain't no hata. I honestly thought his tactics would lead to a large drop in the economy, I guess I was wrong, at least thus far. While he is not where he should be, prospects are looking up. Plus I gots a job so I ain't complainin.

**Prince** · 06-04-2004, 09:27 AM

yeah, Bush is responsible for it.

**I Are Baboon** · 06-04-2004, 09:39 AM

Bah.

I could really use a swift dip in the economy and quickly. I just bought a house and have not locked in my interest rate yet. It's at 6.25% now for a 30 year fixed mortgage, but I'd like to see that get below 6%. COME ON INFLATION AND UNEMPLOYMENT!!!!!

**Dale Mabry** · 06-04-2004, 09:47 AM

Originally Posted by I Are Baboon

Bah.

I could really use a swift dip in the economy and quickly. I just bought a house and have not locked in my interest rate yet. It's at 6.25% now for a 30 year fixed mortgage, but I'd like to see that get below 6%. COME ON INFLATION AND UNEMPLOYMENT!!!!!

He still has at least 6 months to screw it up and he did all but bankrupt Texas.

Hey, let's not turn this into a bash thread, I figured since I blame him for what goes wrong I have to blame him for what goes right too.

**I Are Baboon** · 06-04-2004, 09:56 AM

Originally Posted by Dale Mabry

He still has at least 6 months to screw it up and he did all but bankrupt Texas.

Hey, let's not turn this into a bash thread, I figured since I blame him for what goes wrong I have to blame him for what goes right too.

I don't have six months to wait. My closing date is Aug 30, but I'd like to lock in a rate in the next week or so. I need a sharp decline in the economy to occur in the next day or two.

**Prince** · 06-04-2004, 09:58 AM

6.25% for a 30 year fixed is pretty damn good.

**I Are Baboon** · 06-04-2004, 10:00 AM

Originally Posted by Robert DiMaggio

6.25% for a 30 year fixed is pretty damn good.

Yeah but three months ago it ws a full point lower.

DAMN THAT IMPROVING ECONOMY!!!!!

**Prince** · 06-04-2004, 10:02 AM

I would probably lock it at 6.25% if I were you.

**BigBallaGA** · 06-04-2004, 10:05 AM

here is another spoon full of shit !!!!

and there is more from where that came from via the federal government, especially the executive....

**MtnBikerChk** · 06-04-2004, 10:21 AM

Originally Posted by Robert DiMaggio

I would probably lock it at 6.25% if I were you.

is it worth the extra $2500 it's gonna cost us to do it? I'm not so sure.

**Rob_NC** · 06-04-2004, 10:50 AM

Originally Posted by MtnBikerChk

is it worth the extra $2500 it's gonna cost us to do it? I'm not so sure.

Sure it is. From what I hear, the rates aren't going to go back down. Besides, this is still a better rate than you could get just 2 years ago. If it does happen to go down again, refinance. Besides, that $2500 is tax deductible.

**Prince** · 06-04-2004, 10:54 AM

Originally Posted by MtnBikerChk

is it worth the extra $2500 it's gonna cost us to do it? I'm not so sure.

what does that mean?

**Pepper** · 06-04-2004, 11:50 AM

Originally Posted by Rob_NC

Sure it is. From what I hear, the rates aren't going to go back down. Besides, this is still a better rate than you could get just 2 years ago. If it does happen to go down again, refinance. Besides, that $2500 is tax deductible.

Only tax deductible if it is a purchase and not a re-fi. re-fi has to be deducted over the life of the loan.

EDIT: I see now IAB is BUYING not RE-FI'ing.

**I Are Baboon** · 06-04-2004, 12:06 PM

Originally Posted by Robert DiMaggio

what does that mean?

The bank is charging us to lock outside of 30 days, plus they tacked on .25 points which adds to the total. Fackers.

HOWEVER, we just locked in at 6.375%, no points, and there is a $1000 fee tacked on which actually goes towards closing costs. Its amazing how their policies change over a span of four hours.

But we ain't complainin'.

**Prince** · 06-04-2004, 12:07 PM

Originally Posted by I Are Baboon

The bank is charging us to lock outside of 30 days, plus they tacked on .25 points which adds to the total. Fackers.

so, how in the heck would I have known this?

**I Are Baboon** · 06-04-2004, 12:10 PM

Originally Posted by Robert DiMaggio

so, how in the heck would I have known this?

You weren't because I never mentioned it. MBC was just wondering if it was worth locking if it cost us $2500 to do so. Yesterday they wanted $2500 to lock, today they want $1000.

**Prince** · 06-04-2004, 12:15 PM

oh, well had I know this my advice about locking in would have been different....details Bob, I need details.

**I Are Baboon** · 06-04-2004, 12:19 PM

Originally Posted by Robert DiMaggio

oh, well had I know this my advice about locking in would have been different....details Bob, I need details.

Yeah, we didn't want to lock in and get screwed with $2500 in additional fees. At least the $1000 goes towards closing costs.

We have the home inspection tomorrow.

We need to find a new gym though when we move.

**Rob_NC** · 06-04-2004, 02:13 PM

I'll bet you could have done better than that if you shopped around. Getting financing these days is a lot like buying a car. It's amazing how competitive banks can be. For instance, when I refinanced, I had offers from 3 banks and I let each of them know I was talking to someone else. That's when the fees started coming down then disappearing. I ended up with a loan with no origination and 1/2 of the closing cost that it originally had plus an excellent rate.

**austinite** · 06-04-2004, 05:02 PM

Originally Posted by Dale Mabry

He still has at least 6 months to screw it up and he did all but bankrupt Texas.

Hey, let's not turn this into a bash thread, I figured since I blame him for what goes wrong I have to blame him for what goes right too.

Good outlook Dale. We'll see if it lasts. Kerry should take the same approach. He looks bad wishing misfortune on the country so that Bush looks bad and helps his own election chances.

**MtnBikerChk** · 06-04-2004, 05:18 PM

Originally Posted by Rob_NC

I'll bet you could have done better than that if you shopped around. Getting financing these days is a lot like buying a car. It's amazing how competitive banks can be. For instance, when I refinanced, I had offers from 3 banks and I let each of them know I was talking to someone else. That's when the fees started coming down then disappearing. I ended up with a loan with no origination and 1/2 of the closing cost that it originally had plus an excellent rate.

it's the 2nd mortgage that no one else could match (instead of PMI). I think we did very well

and I think it was my bad on misunderstanding the locking fees. some of those mortgage guys talk so fast - you gotta slap em around a bit to make em speak english.

**Chain Link** · 06-04-2004, 06:20 PM

Kerry has 100% control of the polls right now. Everytime he makes a speach, hes popularity plummets; but when he shuts up it skyrockets. I think with the country facing a choice of Bush or Kerry, Nader might have a chance.

**austinite** · 06-04-2004, 06:34 PM

Originally Posted by Chain Link

Kerry has 100% control of the polls right now. Everytime he makes a speach, hes popularity plummets; but when he shuts up it skyrockets.

Which means the last several weeks will be a problem for Kerry. (convention, debates, etc)

**Chain Link** · 06-04-2004, 06:43 PM

Thats very true.. The Democrats should have him kidnapped.

It would be one more thing they could blame on Bush.

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