NACA interest rates higher than traditonal

[newhomedream]

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

[Alex]

That’s great news!

[newhomedream]

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.

[newhomedream]

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

[vrundmc]

@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 6 months, 3 weeks ago by vrundmc.

[newhomedream]

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

[vrundmc]

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.

[frankysmom]

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

[kjenkins79]

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

[foxleo]

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

[Author]

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