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re: Refinance rates #2

Posted on 3/18/20 at 11:49 am to
Posted by 632627
LA
Member since Dec 2011
12873 posts
Posted on 3/18/20 at 11:49 am to
I had 2.625 on a 15 year no points last week- I applied but didn’t lock, thinking rates would drop.

I’ve now been approved and can lock at 2.75.

What say the MTB ?

I’m tempted to just do it.
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6163 posts
Posted on 3/18/20 at 12:06 pm to
I would wait it out. Once the backlog is cleared they will be looking for more business and rates will drop.

This economy is destroyed and the fed won’t be raising the rate anytime soon.
Posted by RedHawk
Baton Rouge
Member since Aug 2007
8880 posts
Posted on 3/18/20 at 12:08 pm to
quote:

I’ve now been approved and can lock at 2.75.


i would lock and not think twice about it. I got that same rate two weeks ago and locked it in and very happy I did.
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