Refi rate tracking

How low did it dip last week?

We had $100M in locks last Monday and have been averaging close to $40M for quite a while

Woa.

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A .5 cut means they see something very scary coming in my opinion. That was the cut in 2007 when the feds started seeing something breaking.

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They have done a .5 cut to start 5 out of 6 cycles since 2001

They are pricing in 1% be end of year which means there has to be a .5 cut

That means its right away or 4 straight .25% cuts

The fact this place thinks there is zero % chance of .5 cut is comical

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What's comical is they were pricing in 6-7 cuts this year to start in March and you assume the futures market still has it pegged.

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No whats comical is the BLS jobs reports and you believing it

If accurate there would have already been 6 cuts

Do you guys think it’s too early to refi? I thought 5.625 was good so set on it. I’d kick myself if it became high 4s in a few months

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Do you guys think it’s too early to refi? I thought 5.625 was good so set on it. I’d kick myself if it became high 4s in a few months

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This doesn’t directly answer your question, but 10y treasuries are already down 1.2% from their cycle high last fall. 2y treasuries are down slightly more. There is a sizable amount of rate cuts baked into those numbers (the 2y is much more sensitive to Fed activity, but the 10y is more aligned with mortgage rates).

If you play the waiting game on refinancing, you’re essentially betting on things getting worse in the economy than anticipated.

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Don’t let that one poor loser dictate

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Rent free all day every day

Upvoting your own post is pretty cringe

Just got quoted 5.875 on a 7 year arm....was thinking of pulling the trigger and recouping the value of the cost over the next year and shopping again.