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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (24882)	1/18/2005 5:16:25 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

<std practice is.> I'm not in the mortgage business, and I sold my home (and apartment buildings) in 2002, so I can only speak for what I've encountered looking at different larger lenders. I've been researching this pretty hard for a week and haven't run into margin rates that low (1 7/8%). Of course when you have a thread like this, one can only hope industry knowledgeable people chime in once in awhile (??), including correcting me. I'm like you, I research hard, am damn intelligent, but can't know everything, that's one reason why I show up here. There are all kinds of loans of course, so maybe you got a break because of very high credit scores, a low LTV, or some combo thereof, and perhaps the fact that it's a one month LIBOR? BTW as of today one month LIBOR is 2.5%. libor-loans.com I believe they set it at the end of January, and pass on the new rate to you in March.