What is the announcement?Bump for today's Fed announcement.
The Fed plans to buy up to $300 billion in long-term U.S. Treasury securities over the next six months in a bid to put more cash into the U.S. credit system.What is the announcement?Bump for today's Fed announcement.
Word is 4.5% could be possible in the next day or two.
I lock in a rate next week as I close March 31. I was already at a 4.875 after buying a point at 1k.Word is 4.5% could be possible in the next day or two.
DIFHWord is 4.5% could be possible in the next day or two.
DIFH?DIFHWord is 4.5% could be possible in the next day or two.
With free float down and converting our construction loan to permanent in a few weeks, I'm on the edge of my seat hoping we get lucky.DIFHWord is 4.5% could be possible in the next day or two.
DIFH?DIFHWord is 4.5% could be possible in the next day or two.
link?The Fed plans to buy up to $300 billion in long-term U.S. Treasury securities over the next six months in a bid to put more cash into the U.S. credit system.What is the announcement?Bump for today's Fed announcement.
Check any news or business site.link?The Fed plans to buy up to $300 billion in long-term U.S. Treasury securities over the next six months in a bid to put more cash into the U.S. credit system.What is the announcement?Bump for today's Fed announcement.
DIFH?DIFHWord is 4.5% could be possible in the next day or two.
http://news.yahoo.com/s/ap/20090318/ap_on_..._interest_ratesCheck any news or business site.link?The Fed plans to buy up to $300 billion in long-term U.S. Treasury securities over the next six months in a bid to put more cash into the U.S. credit system.What is the announcement?Bump for today's Fed announcement.
4.5% ? (30 yr fixed)Bond crashed to about 2.5...this is going to have a huge impact on rates. I have to wait until April 1 to refi and as of right now, I'm glad I have to (but hoping rates stay down until then).
Assuming strong credit, equity, decent loan size and the such you should be able to get 4.5% or less with a point on a 30 year fixed. With no points and assuming strong credit and equity you should be seeing rates around 4.625-4.75%. Things could continue to improve tomorrow. The timing of this sucks. Two days out of the year I blow off work and get drunk all day watching the NCAA tourney and now I'm going to have to work tomorrow.4.5% ? (30 yr fixed)
That rate comes with one point with Wells Fargo. Things have become a little misleading IMO in the mortgage industry. I've always been told a point is a point. Meaning an origination point or discount point is considered a point. However what a lot of major banks are doing is they no longer consider origination as a point so they are quoting loans with no points when in fact they are charging an origination point. They contend since they are not charging a discount point they are charging no points. I contend an origination fee equal to one percent is a point. Go to Wells Fargo's website and input loan criteria and you will see the rate you mentioned with an origination fee of one percent. I know this because I check my competition often. The 4.625% with one origination point is not bad by the way. If you search around you will probably get quoted lower rates but sometimes it's worth it to pay a slightly higher rate to deal with someone you know as opposed to blindly putting your trust in some unknown company.Checked Wells Fargo who I'm with and they're at 4.675% no pointsApril can't come soon enough.
On the average you should see a .25-375% higher rate if you don't pay the point.Just checked Countrywide (who I'm currently with) and they are at 4.5% with 1 point. Based on that, what would I likely get with no points?
Thanks.On the average you should see a .25-375% higher rate if you don't pay the point.Just checked Countrywide (who I'm currently with) and they are at 4.5% with 1 point. Based on that, what would I likely get with no points?
We're at 5.5%, so I'm hoping to get it down to at least 4.75% with no points. Still would save me $85/month, and $30,000+ over the life of the loan. $115/month and $40,000+ if I can get down to 4.5. Factor in what I can save by still making my same current payment, and this turns into a huge savings for me. :(we're working with our guy to look at refinancingwife is supposed to meet with him on fridayplease jeebus let this happen. would be nice to knock the rate down 1-1.5 pts
Pretty sure the lowest rates typically lock for 30 days, maybe 45.How long is it possible to lock in a rate for?
To me, the spread between 30 and 15 is so narrow that it makes more sense to get a 30 year and just pay extra. That way if you run into trouble you can always reduce your payments.What's the best you all are seeing for 15 years?
Thanks. Sucks for me because I'll be moving in several months. Hopefully rates will still stay around 5% or below, but it sure would be nice to lock in at a low rate for longer than a month or so. Oh well, good luck to you all.Pretty sure the lowest rates typically lock for 30 days, maybe 45.How long is it possible to lock in a rate for?
True enough, but it sure would be nice to mortgage-free once the college tuition bills start rolling in.To me, the spread between 30 and 15 is so narrow that it makes more sense to get a 30 year and just pay extra. That way if you run into trouble you can always reduce your payments.What's the best you all are seeing for 15 years?
You can be. Just pay extra every month on your 30 year. You can still be done in 15 or so.True enough, but it sure would be nice to mortgage-free once the college tuition bills start rolling in.To me, the spread between 30 and 15 is so narrow that it makes more sense to get a 30 year and just pay extra. That way if you run into trouble you can always reduce your payments.What's the best you all are seeing for 15 years?
http://www.countrywide.com/rates/TodaysRates.aspWhere are you guys finding these low rates. I just checked bankrate and 30 yr is still well above 5 and 15 yr is around 4.8. Maybe I'm looking in the wrong place.
we're at 6.75% right now i'd be giddy with anything below 5.75%.CrossEyed said:We're at 5.5%, so I'm hoping to get it down to at least 4.75% with no points. Still would save me $85/month, and $30,000+ over the life of the loan. $115/month and $40,000+ if I can get down to 4.5. Factor in what I can save by still making my same current payment, and this turns into a huge savings for me.mr. furley said:we're working with our guy to look at refinancingwife is supposed to meet with him on fridayplease jeebus let this happen. would be nice to knock the rate down 1-1.5 pts
Rates have been at about 5% for quite a while. You definitely need to refi.we're at 6.75% right now i'd be giddy with anything below 5.75%.CrossEyed said:We're at 5.5%, so I'm hoping to get it down to at least 4.75% with no points. Still would save me $85/month, and $30,000+ over the life of the loan. $115/month and $40,000+ if I can get down to 4.5. Factor in what I can save by still making my same current payment, and this turns into a huge savings for me.mr. furley said:we're working with our guy to look at refinancingwife is supposed to meet with him on fridayplease jeebus let this happen. would be nice to knock the rate down 1-1.5 pts
To me it makes sense to get anything under 5%. If you are there for 20 years you will save a lot of money, even if it costs you some now.How do you find a good mortgage guy? I've had a guy I've used for the past 7-8 years (1 refi, then a new home purchase, then another refi) -- he's very capable and there's never any problem with any of the process, but I don't think he's that great on price at all.
I refi'ed on a $339k mortgage last year to 5.5, but am wondering what number makes sense to do it again -- we're planning on being in the house for 20+ years. Our credit is great, I'm a little worried about what the appraisal might come in at.
I guess that's two questions. How do you shop for a mortgage guy, or should I just be happy with my highly competent and reliable but kind of expensive guy? And, what interest rate makes sense for another re-fi?
No reason why you should not be able to roll the costs back in your loan with the lower rate lender too. I'd hang tight for a day or two to see how this shakes out. Today I'm posting 4.75% 30yr fixed rates 0 orig./0pts. Also make sure when you are getting estimates to make sure you get quoted 0pts., 0 orig. fees and 0 broker fees. Sometimes mortgage companies will post low rates to generate calls but have points attached to them. Round 2 of this refi. boom could be coming our way.I've got an offer for 4.875, zero cost at closing (everything to be rolled into the loan). Break even is ~2 years.Trying to decide to whether to save my cash for now and go with that or go with one of these lenders who is @ 4.5, but where I'll have to shell out $4-$5k at closing.
Last time I hung tight for a day or two they shot back up... so I'm a bit nervous.No reason why you should not be able to roll the costs back in your loan with the lower rate lender too. I'd hang tight for a day or two to see how this shakes out. Today I'm posting 4.75% 30yr fixed rates 0 orig./0pts. Also make sure when you are getting estimates to make sure you get quoted 0pts., 0 orig. fees and 0 broker fees. Sometimes mortgage companies will post low rates to generate calls but have points attached to them. Round 2 of this refi. boom could be coming our way.I've got an offer for 4.875, zero cost at closing (everything to be rolled into the loan). Break even is ~2 years.Trying to decide to whether to save my cash for now and go with that or go with one of these lenders who is @ 4.5, but where I'll have to shell out $4-$5k at closing.
Me too. Personally, if I can get in at 4.75% with no points I'm going to lock in. No sense in trying to be greedy.Last time I hung tight for a day or two they shot back up... so I'm a bit nervous.No reason why you should not be able to roll the costs back in your loan with the lower rate lender too. I'd hang tight for a day or two to see how this shakes out. Today I'm posting 4.75% 30yr fixed rates 0 orig./0pts. Also make sure when you are getting estimates to make sure you get quoted 0pts., 0 orig. fees and 0 broker fees. Sometimes mortgage companies will post low rates to generate calls but have points attached to them. Round 2 of this refi. boom could be coming our way.I've got an offer for 4.875, zero cost at closing (everything to be rolled into the loan). Break even is ~2 years.Trying to decide to whether to save my cash for now and go with that or go with one of these lenders who is @ 4.5, but where I'll have to shell out $4-$5k at closing.