lukestein’s avatarlukestein’s Twitter Archive—№ 2,938

    1. …in reply to @arpitrage
      @arpitrage @daniel_egan Quick and dirty, all FRED had was rate and points/fees, but may not be the best data source. Guess I am indeed implicitly assuming that rolling in points didn’t move to a new LTV pricing bucket, but avg points in the survey data look to be <<1 so guessing pretty innocuous.
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  1. …in reply to @lukestein
    @arpitrage @daniel_egan Other than that (and taxes, and prepayment ;) I’m not sure what’s wrong with just calculating a payment per $1 borrowed net of points. Appreciate your thoughts on this, btw Arpit.
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    1. …in reply to @lukestein
      @arpitrage @daniel_egan Last for now: I’d really prefer just to have a “zero-point” rate, and would calculate it using eg 1 pt→1/8% if it were really a rule; my sense is it isn’t. (When I was shopping, the point/rate tradeoff was v. nonlinear and varied across lenders; guessing it varies over time too)
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