All Forum Posts by: Mark Mazzucco

@Pandu Chimata - there's plenty of places that will offer investment HELOCs, not sure why the discussion would say otherwise, sounds like a few already offered solutions, but yes, call a lot of the local CUs and there will be a handful that offer it!

1 Vote

Los Angeles County, California

Quote from @Celia Lumbroso:

Hi @Adam Schumacher I can give better rates, faster closings, and better customer experience than others have previously commented on here. Please contact me if you're interested.

How is this possible you are so certain Spencer? Mainly asking because I see a lot of guys say comments like this when there's no way to support it.

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Orange County, California

Quote from @Carlos Ptriawan:

Quote from @Mark Mazzucco:

@V.G Jason I just did a primary VA and FHA deal mid 5s and that's with no egregious points. Also doing a primary conventional upper 5s, so definitely out there. I'm a broker, so I have some of the most competitive rates in the industry, haven't had anyone be able to touch my rates.

What is the best you see for 10YARM ?

my non-arm products are more competitive so not doing those.

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2 Votes

Quote from @V.G Jason:

Quote from @Mark Mazzucco:

Quote from @V.G Jason:

Quote from @Mark Mazzucco:

With interest rates soaring down from 7-8% and most rates for FHA and VA being in the 5s now, definitely a good time to start looking at seeing if you can refinance to lock in rates in the 5s! And Conventional should be low 6s!!! Which is good news. If you are a buyer, prepare yourself because these rates are going to get very competitive again with home pricing as everyone is trying to get back into the market!!

Just my thoughts!

Soaring down? Where?

They dipped down in mid dec, and are slowly climbing back up. Probably peaked in October, but they aren't "soaring" down. Soaring means rising, you mean crashing. They aren't crashing down.

You, like all lenders & agents, are selling if it the rates come down everyone on the sidelines will get in. That won't happen on a small decrease, we need a large(er) decrease in rates and an increase in supply. That'll come if the economy goes down. And if the economy goes down, then all those "sideline" buyers are likely tapped out of liquidity, too.

How can you not say they have soared down? Since October they have come down over 1-1.5%? That is what I call a huge drop in rates. My investors are finally getting rates around 6.99% again. Also - having rates in the 5s, I'd call that a good improvement.

You said rates were 7-8% and now are getting 6.99%. So almost within that range, but yes I agree they've come down from October's highs. The "soaring" aspect isn't the right word for this, but I do agree they've come down. I do see them slightly going back up so far this year though.

I wouldn't say they've crashed down though. Going from 8 to 7% is solid. 8% to 5.5% that's crashing down if it's a short period of time.

Rates are 6.99% for investors....

rates are in the 5.5% range for primaries....hence soaring to your terms then

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Quote from @V.G Jason:

Quote from @Mark Mazzucco:

Just my thoughts!

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Honestly rates still are looking smoking despite all the noise the last week. So couldn't complain.

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Luckily rates are now low 6s some even in 5s! @Carlos Ptriawan

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I would love to have higher rates slightly longer or a very slow downward trend on the rates. Too fast will cause issues.

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Just give it another few weeks to play out, we need the FEDs to cut or do nothing.

1 Vote

All Forum Posts by: Mark Mazzucco

Mark Mazzucco has started 8 posts and replied 55 times.

Post: Heloc for Investment Property

Post: California Lenders - New Build Financing

Post: Interest rates soaring down!

Post: Interest rates soaring down!

Post: Interest rates soaring down!

Post: Interest rates soaring down!

Post: Interest rates soaring down!

Post: 🏠📉 Great News for Homebuyers! 📉🏠

Post: Interest rates soaring down!

Post: Interest rates soaring down!