View in: Desktop
Copyright @2024 TigerDroppings.com. All rights reserved.
- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Posted by
Message
Refinancing my mortgage - To lock in or to not lock in.......
Posted by TJG210 on 5/20/13 at 2:19 pm00
I'm currently paying 5.25% on my 30yr, and spoke with a broker this morning and I can get it down to 3.875%. Any hope we see lower rates in the next few weeks? She is telling me no, and I've worked with her previously (and is a friend of the family), but wanted to do my due dilligence.
I'm not in a position that I have to refinance, but if it's going to save me a substantial amount of money I'm going to do it.
I'm not in a position that I have to refinance, but if it's going to save me a substantial amount of money I'm going to do it.
rates will never be lower than they are right now. The federal funds rate can not go any lower than 0. There is only one direction rates can go at this point ... Up.
Lock it in!
Lock it in!
This post was edited on 5/20 at 2:28 pm
quote:
The federal funds rate can not go any lower than 0
Understood, but it also can fluctuate based on other things such as what traders on Wall St. are buying. When I was on the phone with the broker I had her look up a 20yr and it was more expensive than the 30.
re: Refinancing my mortgage - To lock in or to not lock in.......Posted by lsu tigerdog on 5/20/13 at 3:33 pm to TJG210
i'm a broker, 20 yrs is generally an 1/8 better. lock in - if a conventional refi, rates have been increasing the last 1.5 weeks.
what broker are you using?
what broker are you using?
re: Refinancing my mortgage - To lock in or to not lock in.......Posted by TJG210 on 5/20/13 at 3:48 pm to lsu tigerdog
American Mortgage
Any events in the foreseeable future that will knock rates lower? Fed meeting? Unemployment numbers?
quote:
rates have been increasing the last 1.5 weeks
Any events in the foreseeable future that will knock rates lower? Fed meeting? Unemployment numbers?
This post was edited on 5/20 at 3:50 pm
Back to top
Follow TigerDroppings for LSU Football News