Just can't fade these mortgage rates

[jayjohnson600]

30year rates touching all-time lows again! ~3.39% for 30year

Calling in a refi tomorrow.

[FATHERFORD]

I got 3.4 a few months ago when I bought my house. Insane how low they are.

[SVT Lurch]

That was last week...they've gone back up a little bit since then. Any time you hear that in the news you're about a week behind the actual rates. Rates quoted like that also typically assume paying a point (1% of the loan amount up front to bring down the rate).

[Gtracer]

Man I need to refi, just not sure if I qualify. Also not sure if this is the time to do it; I don’t have any money for closing cost so that is a big part of my reluctance to apply.

The other day I went to Lending Tree, just to look around. Next thing you know my phone is being blown up for a month straight by these banks. Never answered though as I am not sure what to ask or be weary of...

[Pro88LX]

That was last week...they've gone back up a little bit since then. Any time you hear that in the news you're about a week behind the actual rates. Rates quoted like that also typically assume paying a point (1% of the loan amount up front to bring down the rate).

yea we're at about 3.625% at par right now

[fordracing19]

yea we're at about 3.625% at par right now

That's the rate I closed with a few weeks ago.

Sent from my PC36100 using Tapatalk 2

[zachary]

We just locked in our 3.2 rate today. Almost went with a 15 year note at 2.875 after doing several amortization calculations though, figured better just to keep extra $ in bank and put toward payment. That way its there in case you need it for other things also.

[SVT Lurch]

Term? Points? Type of loan? Fixed or adjustable? Any credit from lender?

[zachary]

FHA(it is a refi, just want to take 90% value) 30 year fixed Did amortization with as little as a 15 year note would be versus putting that much extra per payment to loan on 30 year note and liked what i saw with the 30 and extra cash flow if needed and not making double payments. SO although 15 year would have been 2.875, but 3.25% is still a HUGE gain for us(1.4%), and we are rolling in our equity loan(4% gain) with it also. so hands down best thing to do.


3.2%, no discount points charged


not interested in credit from lender. Do not want .25% or whatever increase to cover a small 2k up front. That will cost tens of thousands in life of loan if not paid off early.

[Vertnut]

FHA(it is a refi, just want to take 90% value) 30 year fixed Did amortization with as little as a 15 year note would be versus putting that much extra per payment to loan on 30 year note and liked what i saw with the 30 and extra cash flow if needed and not making double payments. SO although 15 year would have been 2.875, but 3.25% is still a HUGE gain for us(1.4%), and we are rolling in our equity loan(4% gain) with it also. so hands down best thing to do.


3.2%, no discount points charged


not interested in credit from lender. Do not want .25% or whatever increase to cover a small 2k up front. That will cost tens of thousands in life of loan if not paid off early.

At 200k a 1/4 point is about $25. or $300 a year. That's around $9k over 30 years. Not chicken feed, but not "tens of thousands" either.

[IHaveAMustang]

Meh, got 4.00% when I bought my house in April. I really wanted to pay that point to get in at 3.85, but it would have taken around 10 or 15 years to break even.

Wish I could have locked in a 3.2% or 3.6% with no points.

[zachary]

At 200k a 1/4 point is about $25. or $300 a year. That's around $9k over 30 years. Not chicken feed, but not "tens of thousands" either.

ok then ten of a thousand!

[jayjohnson600]

Quoted 3.375% on 30year refi(no cashout), no points.

[Vertnut]

Pretty amazing, huh? Rates like these pre-date the '50's and probably even before that. What a great opportunity for (especially for young people) to actually buy a place cheaper than what rent would cost.

[8mpg]

Pretty amazing, huh? Rates like these pre-date the '50's and probably even before that. What a great opportunity for (especially for young people) to actually buy a place cheaper than what rent would cost.

This is why I cant wait to pay down my land enough to build.