Based on todays oil jumping to new record high

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ANTHONY6977

904 Posts

Posted - 06/06/2008 : 2:58:26 PM

StayInHomeGuy

281 Posts

Posted - 06/06/2008 : 3:07:12 PM

quote:
Originally posted by ANTHONY6977

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loancloser1342

464 Posts

Posted - 06/06/2008 : 4:37:30 PM

Not necessarily. And oil skyrocketing today is not the big news. It is the price of wholesale gasoline up 25+ cents IN ONE DAY that is the big news. That translates into a daily pump increase of 25 cents across the board.

SoCalRay

2698 Posts

Posted - 06/06/2008 : 5:03:50 PM

I had rate improvements this afternoon

Hope we have more on monday

BigFire

2962 Posts

Posted - 06/06/2008 : 9:11:35 PM

yes - inversely proportional - one up one down, dollar down, oil up...oil up dollar down.

peter

4617 Posts

Posted - 06/06/2008 : 9:30:11 PM

If 30-year conforming fixed rates come down to 5.50 to 5.75%
in the next week or so, there will be more fundings and more
new loan applications as many of the A paper borrowers will
take loans at this range, or even a little higher for cashout refis.
This range is the trigger point for those who have been on the
fence. Some is for 5/1 I/O at 5.00 to 5.25%. All is assumed
at par rate on a 30-day lock.

Peter

BigFire

2962 Posts

Posted - 06/07/2008 : 08:00:46 AM

Peter - I do not know what your response has to do with the question.

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