So anyone else refinancing or purchasing and locking in these awesomely low rates?
Anyone Locking In?
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Last: 3 yr ago by Goodest Poster
Yes I've had a good run the last two weeks
Yes, working with Jay now.
Ive never refinanced before, I think im at 4.25 right now so im tempted.
Do they typically just roll the loan origination costs into the new loan? Ballpark cost? 3-5K?
Do they typically just roll the loan origination costs into the new loan? Ballpark cost? 3-5K?
It is your option to roll in closing costs. Mine are 4000-4500 depending on variables
You can find no fee refinance loans but you pay for it by having a higher interest rate (though this may be the better way to go).
From an origination fee standpoint, I'd do some research and make sure you understand the full cost of the loan (Impact on APR). I've seen $1.5k origination fees that are better deals than no fee or $500 origination fees. Also understand other closing fees required.
From an origination fee standpoint, I'd do some research and make sure you understand the full cost of the loan (Impact on APR). I've seen $1.5k origination fees that are better deals than no fee or $500 origination fees. Also understand other closing fees required.
Thanks. Seems like a really good opportunity to refi a 30 year into a 15 year with these rates. Will have to run the numbers, but Im hoping rates will stay low until August when my son goes from private Lutheran Pre-K to Kindergarten to free up more disposable income. Will still probably be lower than they were when I closed in 2014, though.SteveBott said:
It is your option to roll in closing costs. Mine are 4000-4500 depending on variables
Should have a decent rate from 2014
Nope.
Current Mortgage is 3.875% - def gonna be looking into refinancing
Primary mortgage is at 3.75% 30 year (28 year remaining), going to refi new 30 year.
Rental is at 3.5% 30 year (22 year remaining), considering refi new 15 year.
Rental is at 3.5% 30 year (22 year remaining), considering refi new 15 year.
I locked in a couple weeks ago at 3.375 for a refi w a 30 yr. Should be closing next week.
My brother just locked 3.0% with .5 discount. Par was 3.125%.
Just refinanced my 30 year at 3.625 (3 years in) to a 15 year at 2.375.
mneisch said:
Just refinanced my 30 year at 3.625 (3 years in) to a 15 year at 2.375.
Man, that's a pretty sounding number. It's just hard to justify tying up another $350/month or so in non-liquid assets.
If I stay in this house for 10 years (looking likely with the kids), I'll save 23k in interest going 15 year.
No brainer IMO94chem said:mneisch said:
Just refinanced my 30 year at 3.625 (3 years in) to a 15 year at 2.375.
Man, that's a pretty sounding number. It's just hard to justify tying up another $350/month or so in non-liquid assets.
Where did you get the 2.375?mneisch said:
Just refinanced my 30 year at 3.625 (3 years in) to a 15 year at 2.375.
Aggie09Derek said:No brainer IMO94chem said:mneisch said:
Just refinanced my 30 year at 3.625 (3 years in) to a 15 year at 2.375.
Man, that's a pretty sounding number. It's just hard to justify tying up another $350/month or so in non-liquid assets.
Not really. I've refinanced 4 times, but at 3.875, I'd rather put money into 529 plans and cash I can spend instead of brick and mortar that I can't enjoy more than I already do, and still have to pay taxes on. Paying off a house early is not a no-brainer at all.
Should I wait until after March 18th fed date? Was offered 2.5 on 15 year.
Rates reflect future anticipations of fed rate and MBS market. Except for unanticipated events like COVID-19. Unless you think another virus or war is inbound, no reason to wait.
Im in the process of building, how far out from completion can i lock my rate in? Im using usaa and was estimated 3.75 on a 30yr back in January before all this happened.
I think it's 60 days. That's how it is with my lender, might be different per lender. You'll definitely get something better than 3.75 now.
What's the going rate for 30 year fixed refi? Excellent credit , ratios etc , non jumbo
Ballpark, I know every case is different. Currently 5 years into a 30 year 3.875
Ballpark, I know every case is different. Currently 5 years into a 30 year 3.875
Rustys-Beef-o-Reeno said:
What's the going rate for 30 year fixed refi? Excellent credit , ratios etc , non jumbo
Ballpark, I know every case is different. Currently 5 years into a 30 year 3.875
Same question but for a 15 year.
Neighbor just closed Friday at 3% on a 30 yr. I was quoted 2.75% on a 15 yr refi
Can rates go even lower? Seems like there might be one or two more rungs to drop.
Just bought in September '19 @ 3.99% 30 yr fixed. Is refi even an option?
sklipes said:
Just bought in September '19 @ 3.99% 30 yr fixed. Is refi even an option?
Do you have 20% equity in it?
Unfortunately no.
Premium said:
Can rates go even lower? Seems like there might be one or two more rungs to drop.
This is where I am at. Although the stock market is possibly about to give us one of the best buying opportunities of all time.
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coleasterling said:
Current mortgage is 3.25%. Nope.
Whelp, eating this one. If I could get significantly under 3% on a 30 year, I'd do it. Throw in some cash and lower my payment significantly prepping for renting later on, too?
Email me and I'll provide contact info.
Mneisch At gmail.com
Mneisch At gmail.com
good luck with that.
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