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Mortgage rates on a refi, lock in now or wait

Posted on 11/9/12 at 12:35 pm
Posted by #1TigerFan
Member since Apr 2005
1665 posts
Posted on 11/9/12 at 12:35 pm
Should I lock in now on 3.25% for 30 yrs? What say you?
This post was edited on 11/9/12 at 12:37 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 11/9/12 at 12:51 pm to
That's what I did (on those exact terms, actually).
Posted by #1TigerFan
Member since Apr 2005
1665 posts
Posted on 11/9/12 at 1:10 pm to
I don't think it can go down much more anyway, so I will go ahead and do it now.

Thanks for the input!
Posted by guttata
prairieville
Member since Feb 2006
22504 posts
Posted on 11/9/12 at 1:17 pm to
I'd do it.
Posted by lsu tigerdog
Baton Rouge
Member since Nov 2007
247 posts
Posted on 11/9/12 at 1:27 pm to
pricing is great today compared to last week.
what loan program, for refi, fha as low as 2.75%.
if conventional, what is bal to your mtg and what do you think home is valued at.
Posted by I Love Bama
Alabama
Member since Nov 2007
37694 posts
Posted on 11/9/12 at 2:05 pm to
Holy shite. Serious about fha?
Posted by #1TigerFan
Member since Apr 2005
1665 posts
Posted on 11/9/12 at 2:39 pm to
Actually, I was asking for a lady friend that is not a TD poster, so I don't know the $$ amounts.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70869 posts
Posted on 11/9/12 at 8:18 pm to
Do it.

There's a lot more room for the rate to go up than down. And even if it does go down, so what? 2.75 or whatever isn't that much better, and 3.25 is still a very good deal.
Posted by lsu tigerdog
Baton Rouge
Member since Nov 2007
247 posts
Posted on 11/9/12 at 10:13 pm to
i had one lender today. as long as you had a 680 middle credit score,fha was that low, even for purchases
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