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re: What are y’all seeing for 30 yr fixed rates currently?

Posted on 11/14/19 at 1:28 pm to
Posted by gsvar2004
Member since Nov 2007
7969 posts
Posted on 11/14/19 at 1:28 pm to
finally heard back from my guy and looking at 3.8 for 30 @ 334k. could have bought down to 3.75 for $835. not sure the savings is truly worth the cash. idk
Posted by buckeye_vol
Member since Jul 2014
35243 posts
Posted on 11/18/19 at 9:14 am to
quote:

finally heard back from my guy and looking at 3.8 for 30 @ 334k. could have bought down to 3.75 for $835. not sure the savings is truly worth the cash. idk
By my quick calculations, that 0.05% difference would have lessened your payment by $9.49, which would take about 88 months (7+ years) to break even on $835. That doesn’t even account for the impact of inflation.
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