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Message
Closed on my VA IRRL Refinance Today
Posted on 3/20/20 at 5:59 pm
Posted on 3/20/20 at 5:59 pm
4.25% down to 3.0% no points and ~$2,800 cash to close on a 30 year. Talking to my lender he said I was lucky I pulled the trigger and locked in my rate on 26 FEB, because rates aren’t going anywhere and are parked at 4.5-4.8% right now because there’s zero appetite for MBS right now with investors. He stated he thinks we are going to be here for awhile and may even see 5% shortly. Just a little anecdotal information to end your Friday.
This post was edited on 3/20/20 at 6:13 pm
4
Posted on 3/20/20 at 6:09 pm to OleWarSkuleAlum
Yes, I’m feeling very glad I locked at 3% on a new 30-year refi two weeks ago. But as the poster in the other thread mentioned, now I’m worried about being able to close here in NOLA with LaToya now shutting down all “non-essential” activities today.
Posted on 3/20/20 at 6:14 pm to Jwodie
quote:
Yes, I’m feeling very glad I locked at 3% on a new 30-year refi two weeks ago. But as the poster in the other thread mentioned, now I’m worried about being able to close here in NOLA with LaToya now shutting down all “non-essential” activities today.
When I closed at the attorney’s office this morning they would not allow both my wife and I in the room at the same time. I had to sign and then my wife came in and signed. They only allowed 2 people in the room at the same time. The attorney and one of us. I was
This is Huntsville, AL
This post was edited on 3/20/20 at 6:15 pm
Posted on 3/20/20 at 7:13 pm to OleWarSkuleAlum
quote:
rates aren’t going anywhere and are parked at 4.5-4.8%
Well your lender couldn't have been more wrong when saying that we are parked today in that range. We will continue to see volatility up and down in the current market we are in.
Posted on 3/20/20 at 9:31 pm to HYDRebs
quote:
Well your lender couldn't have been more wrong when saying that we are parked today in that range. We will continue to see volatility up and down in the current market we are in.
Ok
Posted on 3/20/20 at 9:48 pm to OleWarSkuleAlum
FHA/VA is still at 3.75%
Theres no appetite cause they think ppl wont have jobs
4 Non QM lenders folded today
Posted on 3/23/20 at 9:48 am to OleWarSkuleAlum
Any guess as to what will happen to rates later in the year, once the COVID shutdown is over?
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