Interest rates, farm financing, mortgage rates, etc

Discussion in 'Iowa Whitetail Conference' started by IowaBowHunter1983, Feb 12, 2020.

  1. IowaBowHunter1983

    IowaBowHunter1983 Super Moderator Staff Member

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    Treasury rate is rate investors make on federal debt security's. There is a a direct correlation to interest rates on mortgages.

    Add several points to get to land lending rates.

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  3. Huntinguy

    Huntinguy Member

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    Okay figured that couldn't be what the banks are giving otherwise sign me up!
     
  4. Hardwood11

    Hardwood11 Trump 2020

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    Dropping again ...if anyone wants to buy a farm/parcel of hunting land that has not...please go look now, run the numbers you will be surprised. PM if you want any tips on amortization etc..., or check with some of the guys on here that have land. You will not see these rates very often.
     
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  5. Deer&Ducks

    Deer&Ducks PMA Member

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    Just refi-ed my remaining 7 years with Farm Credit at 3.98% (so ~3% after the dividend), get after it guys!
     
  6. Wi transplant

    Wi transplant PMA Member

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    Yup feds just cut the rate by .5 pct today. Dont get much better than this guys!

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  7. Jdubs

    Jdubs Well-Known Member

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    Are ag loans in the 3 range? Hearing a little higher.
     
  8. IowaBowHunter1983

    IowaBowHunter1983 Super Moderator Staff Member

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    No. Higher. I called around to today. You get close to that at FCS with dividend tho.
     
  9. Jdubs

    Jdubs Well-Known Member

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    Thank you!
     
  10. deep woods goat hunter

    deep woods goat hunter PMA Member

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    This^....2.75 today on 15 year for primary residence.
    I do farm RE loans with up to 30 year fixed rates as well


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  11. Huntinguy

    Huntinguy Member

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    I can get a 15yr note for 2.375% today. It's a win for us
     
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  12. mswaldo

    mswaldo Member

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    Can i ask where you got a low rate like that? fixed?

    DWGH - Are you in the loan business?
     
  13. Huntinguy

    Huntinguy Member

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    Private bank in nw Iowa if u want specific info pm me. Yes that's fixed too
     
  14. deep woods goat hunter

    deep woods goat hunter PMA Member

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    Yes, Im a Lender at my family’s owned/operated community bank
    [​IMG]



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  15. deep woods goat hunter

    deep woods goat hunter PMA Member

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    We have 8 locations in North Central Missouri, but of course can accommodate loans in Iowa as well.



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  16. Hardwood11

    Hardwood11 Trump 2020

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    ...what are your rates for 5, 10 year lock (land)?
     
  17. deep woods goat hunter

    deep woods goat hunter PMA Member

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    Shoot me a pm with your email and i’ll get you tomorrow’s fresh rates. They fluctuate daily


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  18. JOSHBRNDT

    JOSHBRNDT Active Member

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    I work for Midwest Family Lending and have for 8 years. I've been in the business for 19 years and have seen about everything possible. If anyone on here is looking to refinance or purchase a home let me know. Monday should be a great day to look at locking in rates due to the crash of the 10 yr bond on Friday. If you have questions send me an email at joshb@midwestfamilylending.com
     
  19. Thinkin Rut

    Thinkin Rut PMA Member

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    By what is going on right now in the financial markets is a prime example of why you don't borrow money against a paid off house or close to paid off house to buy a piece of hunting ground. If or when we go into recession, depending on its severity, there will be jobs lost...if you lose yours and don't make your payment, you lose your house and your land. "I'll just sell my land"...everyone will be selling their luxury hunting ground, land prices will go down. Harry Truman quote.. It's a recession when your neighbor loses his job; it's a depression when you lose yours. Enjoy the rates but keep it separate from your home. My 2c
     
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