Mortgage Rates

[lincolnboy]

one state has 1.99%

[Gasser64]

Damn maybe I should refinance. I'm at 2.8 or 9...something. They keep sending me lettersy trying to get me to refinance. If I could get 2.25 I'd probably do it. Any chance of ever getting 2.0? That'd be real nice

[Frank]

I heard of someone who worked at a bank, that knew how to refi without all the extraneous work and basically just changed to the better interest rate when it came up. It cut out a lot of fees and middleman stuff. I've wondered if this is something the average person could do with the right paperwork and the right contacts.

[GrayStangGT]

I heard of someone who worked at a bank, that knew how to refi without all the extraneous work and basically just changed to the better interest rate when it came up. It cut out a lot of fees and middleman stuff. I've wondered if this is something the average person could do with the right paperwork and the right contacts.

I contacted chase who had purchased my existing mortgage because I had heard a similar story and they had 0 interest in doing anything of the sorts.

[Ruffdaddy]

I heard of someone who worked at a bank, that knew how to refi without all the extraneous work and basically just changed to the better interest rate when it came up. It cut out a lot of fees and middleman stuff. I've wondered if this is something the average person could do with the right paperwork and the right contacts.

I dont believe this for a second. Banks are there to make money...and they don't do that through charity work

[HarrisonTX]

I got approved yesterday for a 30 year fixed at 3% and 3.071 apr. My 15 year rate was 2.5 and 2.6%.

Honestly I was expecting a little better rate with excellent credit and hardly any debt. Regretfully I'm going to have to get the 30 due to debt to income since my current house is factored in.

Is it the fact I'll own two homes for a short time that's keeping me out of the 2s?

[GrayStangGT]

I got approved yesterday for a 30 year fixed at 3% and 3.071 apr. My 15 year rate was 2.5 and 2.6%.

Honestly I was expecting a little better rate with excellent credit and hardly any debt. Regretfully I'm going to have to get the 30 due to debt to income since my current house is factored in.

Is it the fact I'll own two homes for a short time that's keeping me out of the 2s?

Might try John Lehman at Gold Financial in DFW, he got me 2.85% on my house and 3% on my investment property for 30s no points on either.

[kingjason]

I heard of someone who worked at a bank, that knew how to refi without all the extraneous work and basically just changed to the better interest rate when it came up. It cut out a lot of fees and middleman stuff. I've wondered if this is something the average person could do with the right paperwork and the right contacts.

When I did my refi several years ago to get the PMI off a Wells Fargo guy did just that, somewhat. There were some fees for paperwork and things but not the normal commission fees. I am sure he made something but it was less than normal I think. The only reason I used them again.