Contemplating a refi. I've heard rumors of people getting sub 3.00% and possible as low as 2.75% on a 30 year fixed. Any truth to these rumors?
Depends on your stomach for closing costs. I'm in the process of refinancing to 2.0% for a 15 year. They've got some points in there that are adding 2k.Harman Rabb Jr. said:
Contemplating a refi. I've heard rumors of people getting sub 3.00% and possible as low as 2.75% on a 30 year fixed. Any truth to these rumors?
I would be happy to take a look for you and see what rates are available. There are so many variables that factor in the rates that it truly is unique to your situation. Some may want to pay points to get a lower rate if you plan on staying long term, and some may just want to reduce the rate for payment reasons with no points. We can factor in closing costs and see if it makes sense and how long it would take to recoup the difference. You can contact me at bbailey@gomycity.com if you have any questions.Harman Rabb Jr. said:
Do you mind sharing where you got it?
1.99% with $10,000 would be about a 50 month payback for me.Red Pear Realty said:
Relative got 2.375% at par last week on a 30 year fixed cash out refi. They could have got 1.99% with $10k in points.
Shoot us an email at Office@MyRedPear.com.Harman Rabb Jr. said:
Do you have a contact that you could share?
third coast.. said:
ugh 3 years in to a 15 year at 3.125 but the next few years is so uncertain on if we will be staying that i hate to refi but damn these rates are so good.
NWE said:
Cool - thanks for the info. We closed on the sale of our home today. Just got the text from our realtor we're funded so just waiting for the notification.
The stressful part is over - now I just have to live with my in-laws for a few months.... now that I type that out perhaps the stressful part is just beginning.