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Nords · 08-01-2005, 11:43 AM

We refinanced a plain-vanilla mortgage on the 5th of July at 5.375%.

NFCU has always been aggressive at lowering their rates and slow to raise them, but this month that same mortgage has jumped up to 5.75% (the latest eighth of a point raise was today, 1 August). Last Friday's rate of 5.625% now costs 1.25 points. For NFCU, three-eighths in four weeks is a very fast rise.

Is anyone else seeing rates scream up in their area? Anyone looked at the yield curve lately?

08-01-2005, 11:43 AM	#1
Nords Moderator Emeritus Join Date: Feb 2004 Location: Oahu Posts: 17,531	We refinanced a plain-vanilla mortgage on the 5th of July at 5.375%. NFCU has always been aggressive at lowering their rates and slow to raise them, but this month that same mortgage has jumped up to 5.75% (the latest eighth of a point raise was today, 1 August). Last Friday's rate of 5.625% now costs 1.25 points. For NFCU, three-eighths in four weeks is a very fast rise. Is anyone else seeing rates scream up in their area? Anyone looked at the yield curve lately? __________________ * * For more info see "About Me" in my profile.