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SoloTiger
Member since Aug 2016
4394 posts

re: Current Mortgage Rates
For those interested I close on my refi loan tomorrow with Assurance in BR. They have been straight forward and easy to work with.

Locked in at 2.625% with no up front points on 4/30 on a 15 year fixed.

Total loan costs (lender fees and title fees) on 158K loan $2,597. Other loan costs (prepaids, escrow, etc.) $2,276. Paying closing in cash.

Was at 22 years left on a 30 year fixed at 3.75%. I will save approx. $40k in interest with new loan if loan is paid out as amortized. Monthly note is increasing $192 per month.
This post was edited on 5/26 at 8:28 pm


Glock17
Chicago Cubs Fan
Member since Oct 2007
19849 posts

re: Current Mortgage Rates
I locked in with Assurance last week on a 20 year at 3%. Was 4 years into a 30 year so I’ll save a considerable amount in interesting. Not sure when I’ll close yst


SoloTiger
Member since Aug 2016
4394 posts

re: Current Mortgage Rates


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Sho Nuff
New Orleans Saints Fan
Hawaii
Member since Feb 2009
10263 posts

re: Current Mortgage Rates
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?


hawkeye007
LSU Fan
Member since Feb 2010
4376 posts

re: Current Mortgage Rates
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.


hawkeye007
LSU Fan
Member since Feb 2010
4376 posts

re: Current Mortgage Rates
2.875% this morning non cash out


LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
2441 posts

re: Current Mortgage Rates
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.


hawkeye007
LSU Fan
Member since Feb 2010
4376 posts

re: Current Mortgage Rates
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.


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oilmanNO
LSU Fan
Member since Oct 2009
2714 posts

re: Current Mortgage Rates
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 at 11:38 am


Sho Nuff
New Orleans Saints Fan
Hawaii
Member since Feb 2009
10263 posts

re: Current Mortgage Rates
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.


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SoloTiger
Member since Aug 2016
4394 posts

re: Current Mortgage Rates
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.


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SDVTiger
Hawaii Fan
Off the Wall
Member since Nov 2011
44435 posts

re: Current Mortgage Rates
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


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L.A.
New Orleans Saints Fan
Los Angeles
Member since Aug 2003
53569 posts

re: Current Mortgage Rates
On Monday I locked in a 2.875 15 year fixed at Chase. APR is slightly under 3 (2.97 if I remember correctly)


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TigreDeAustin
LSU Fan
Austin
Member since Nov 2007
314 posts

re: Current Mortgage Rates
quote:

2.875% this morning non cash out


What are you seeing for 25 year loans?


Fe_Mike
Mississippi St. Fan
Member since Jul 2015
1277 posts

re: Current Mortgage Rates
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...


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hawkeye007
LSU Fan
Member since Feb 2010
4376 posts

re: Current Mortgage Rates
we don't have a 25yr loan anymore we pulled the product due to no one used it.


BigOrangeBri
Tennessee Fan
Nashville- 4th & 19
Member since Jul 2012
10625 posts
 Online 

re: Current Mortgage Rates
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.


kojak
Member since Apr 2020
531 posts

re: Current Mortgage Rates
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.


lynxcat
Rutgers Fan
Member since Jan 2008
21294 posts

re: Current Mortgage Rates
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.


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hawkeye007
LSU Fan
Member since Feb 2010
4376 posts

re: Current Mortgage Rates
where you located?


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