To: russwinter who wrote (24885 ) 1/18/2005 5:42:45 PM From: mishedlo Respond to 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?libor-loans.com He did say that their 3 yr arm was based on 3 yr libor but at the end of 3 years floated at 6 month libor. Those people might see a drop! In short, average is probably nowhere near what I have (it is still available for those who qualify), but how close is it to the numbers you posted? There is a lot of difference between 4.375 and 6!
