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Started By
Message
re: Current Mortgage Rates
Posted on 5/26/20 at 10:49 pm to hawkeye007
Posted on 5/26/20 at 10:49 pm to hawkeye007
My tenant works for a company here in Hawaii and I have him telling me rates and he says he can get me 25 years at 2.75%. I'm in the middle of selling another property, so I can't jump right now. He said not to worry and he's hearing rates could go as low as 2.5% next year. Possible 2.25%.
Smoke or possible?
Smoke or possible?
2
Posted on 5/27/20 at 10:46 am to Sho Nuff
anyone predicting rates for next year being lower than right now is pure speculation. I dont see them going up but down that far no way.
Posted on 5/27/20 at 10:55 am to PotatoChip
2.875% this morning non cash out
Posted on 5/27/20 at 10:57 am to hawkeye007
quote:
hawkeye007
What do you mortgage guys think about Jumbo limits in 2021? They’ve gone up every year since 2016 as housing costs have increased.
I’m borderline and if the limit goes up next year while rates remain low, this could be beneficial for me. Even considering cashing out investments today to refi as a conventional. Just not sure about rates today vs future.
Posted on 5/27/20 at 11:12 am to LSUtigerME
until covid there wasn't that much of a difference between jumbo and non jumob pricing. I havent heard about a jumbo increase but normally that doesn't start to come out until the 4th quater of the year though.
Posted on 5/27/20 at 11:32 am to SoloTiger
Good info Solo. How much was your original loan for and How long do you expect to be in the house? Also do you mind giving the contact info of who you dealt with at assurance Appreciate it
This post was edited on 5/27/20 at 11:38 am
Posted on 5/27/20 at 3:33 pm to hawkeye007
quote:
anyone predicting rates for next year being lower than right now is pure speculation. I dont see them going up but down that far no way.
Yeah, I didn't think it was realistic, but then again in this environment, wtf knows. GOod to hear that rates will be static though, I can't jump on them until I either sell this property or rent it out again if no takers.
Posted on 5/27/20 at 8:50 pm to oilmanNO
David Alello (he is branch manager at Bluebonnet office) and I certainly recommend him.
Initial loan was for $188K. As of now I plan on staying in the home indefinitely.
Initial loan was for $188K. As of now I plan on staying in the home indefinitely.
Posted on 5/28/20 at 9:00 am to Sho Nuff
quote:
He said not to worry and he's hearing rates could go as low as 2.5% next year
They already are 2.5
It will be under 3 for FHA Q4 Q1
I dont think they will ever go lower then 2.5 for a 30yr
Posted on 5/28/20 at 10:57 am to Lickitty Split
On Monday I locked in a 2.875 15 year fixed at Chase. APR is slightly under 3 (2.97 if I remember correctly)
Posted on 5/28/20 at 11:44 am to hawkeye007
quote:
2.875% this morning non cash out
What are you seeing for 25 year loans?
Posted on 5/28/20 at 2:24 pm to Fe_Mike
Locked in 2.99% on a 30 year (purchase, not refi) with only 5% down this afternoon. No points.
Man was this move fortunate timing...
Man was this move fortunate timing...
Posted on 5/28/20 at 2:42 pm to TigreDeAustin
we don't have a 25yr loan anymore we pulled the product due to no one used it.
Posted on 5/29/20 at 12:21 am to hawkeye007
I've been waiting for 2.5/2.6% for a 15 year. If any loanboyz can offer that let me know. Or a link to someone that can would be awesome. Tia.
Posted on 5/29/20 at 12:41 am to Lickitty Split
A month ago I locked in 30 years at 2.8, fricking amazing. The house is a castle and I don't think I deserve something this nice.
Posted on 5/29/20 at 7:33 am to kojak
Expecting I’ll be landing at 3.00% APR on a 30. Buying down from 3.125% for $540 which has a break even in only couple years.
Posted on 5/29/20 at 10:25 am to BigOrangeBri
where you located?
Posted on 5/29/20 at 10:37 am to hawkeye007
I forgot who it is, maybe WillCover, that has that comprehensive how-to on purchasing a car from a dealership...
Do we have anything like that for a refinance?
I have no clue where to go for a hopefully one-stop shop to shop rates, then choose the lowest one and go with it.
Also, the people around me I generally trust keep telling me a 30 year is better but not really giving reasons why. Seems like I could refi for 15 with just $300-400 more on my monthly, so i'm not sure the benefits of going 30 and just paying extra when that extra interest expense is still being incurred.
Do we have anything like that for a refinance?
I have no clue where to go for a hopefully one-stop shop to shop rates, then choose the lowest one and go with it.
Also, the people around me I generally trust keep telling me a 30 year is better but not really giving reasons why. Seems like I could refi for 15 with just $300-400 more on my monthly, so i'm not sure the benefits of going 30 and just paying extra when that extra interest expense is still being incurred.
Posted on 5/29/20 at 10:59 am to shel311
Update on my situation. My mortgage rate lock will expire on 4 June since weather has delayed the construction of my home. The builder anticipates a 2-week delay at most.
My current rate is 30-year 2.875% with no points (mistakenly said 3% earlier). I was quoted $1,700 to get a rate extension. This would take roughly 5 years to break even. The other option is to take the current rate of 3% with a 90-day rate lock. Not a bad option to have, but I want to shop around a bit.
This is all in Ohio. Are any of the folks on here licensed in Ohio be willing to do a comparison for me with what they currently offer (including fees)?
My current rate is 30-year 2.875% with no points (mistakenly said 3% earlier). I was quoted $1,700 to get a rate extension. This would take roughly 5 years to break even. The other option is to take the current rate of 3% with a 90-day rate lock. Not a bad option to have, but I want to shop around a bit.
This is all in Ohio. Are any of the folks on here licensed in Ohio be willing to do a comparison for me with what they currently offer (including fees)?
This post was edited on 5/29/20 at 11:01 am
Posted on 5/29/20 at 11:33 am to shel311
i don't but you can email me your details and i will send you a scenero back. every scenero is differnt and that effects the rates. edhawk75@gmail.com
people like 30yrs becuase they want to make 15yr payments. IF your budget can handle 15yrs it's always better.
people like 30yrs becuase they want to make 15yr payments. IF your budget can handle 15yrs it's always better.
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