NACA interest rates higher than traditonal – Page 4

This topic has 54 replies, 16 voices, and was last updated 10 months, 1 week ago by foxleo.

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March 10, 2020 at 12:59 pm #66152

newhomedream
Participant

@vrundmc Thanks so much. I am hoping my MC will confirm so we can move forward.

March 10, 2020 at 1:00 pm #66153

Alex
Participant

That’s great news!

March 10, 2020 at 2:33 pm #66154

newhomedream
Participant

The rate is back down to 3.625. It is my understanding that Mr. Marks approved the adjustment. I don’t think it is going to go back down to 3.125 today. Maybe by end of week. BOA has their rate as 3.750 for today.

March 10, 2020 at 2:42 pm #66155

newhomedream
Participant

Ignore that last post. Information isnt confirmed yet. Sorry about that.

March 10, 2020 at 2:45 pm #66156
vrundmc
Participant
@newhomedream you can edit your post and remove it. The BOA rate is now at 3.875% so NACA will lower.
- This reply was modified 10 months, 1 week ago by vrundmc.
March 10, 2020 at 3:12 pm #66158

newhomedream
Participant

@vrundmc for some reason, its not letting me edit. I tried to do that before. 🙁

March 10, 2020 at 7:23 pm #66160

vrundmc
Participant

NACA rate finally dropped. Now it’s below BOA by .25%. I wonder if they fixed it. Still not the greatest news…

BTW – rates might go up because lenders are having a hard time with the surge of activity due to low rates so they are artificially inflating them. YMMV.

March 10, 2020 at 7:28 pm #66161

frankysmom
Member

Wow, did not expect such a jump. This puts our search on hold until who knows when.

March 11, 2020 at 10:31 am #66180

kjenkins79
Participant

Rate is slowly going back down. Showing 3.375 as of this am

March 11, 2020 at 11:29 am #66183

foxleo
Participant

I need it to go down. It makes such a big difference in my property! I don’t want to have to restart my search because this is fluctuating so erratically
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