re: Current Mortgage Rates

Thanks, was hoping for a touch lower to help justify the closing cost and other fees to refi.

I'm hoping for 2.65 no points on 15

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What rate would you pull the trigger at

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I got a 2.8 quote this afternoon with no points, low closing cost, and cash out on a 10 year.
May pull the trigger there, but still looking.

I was initially locked at 3% on a 15 year and I’m not sure what happened, but my lender just locked me in at 2.625%. Pumped.

Seeking advice from people more knowledgeable than me. Current mortgage at 3.99% balance of about 185k, had mortgage since 2012, value about 280k. Thinking about cash out refinance vs heloc/ loan of about 40k to replace roof and driveway new patio etc. plan to stay in home at least 10 more years probably longer.

Cash out and get yourself that 3.25% 30yr!

closed last friday. but our situation isn't as typical.

we are only two years into a new home which we financed close to 100% through a doctors program (no PMI and other fees). also we are still a good bit above jumbo with no intent of coming out of pocket to go below.

so we had a 4.65% rate and dropped to 4.125%
we reduced from at this point was 28.5 years to 25.5 years.
we did not pay a dime of closing costs, it was all wrapped up in it.
monthly note went down $200.

Locked in 3% on a 30 yr last month and closed on Monday April 27. Went from 4% to 3%.

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we did not pay a dime of closing costs, it was all wrapped up in it.

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So you did pay closing costs

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Did you shop around? Or just stick with your same company? Even for a doctor's loan that rate seems a little high. I locked in on a new purchase(not a refinance) for 3.125 on a 30.

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I was getting quotes around 3.4 from another lender. I had locked in just before everything went on a freeze for a brief period.

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i did and for jumbo i still didn't find anything better based on what we wanted to finance. obviously i would have wanted better.

when we financed a couple years ago i had Regions, and i think BOA, who also does the doctor loans. as well we looked at Chase and an independent lender.
Regions was the easiest to deal with and competitive at the time.

we actually financed around 90% 2 years ago. currently we are at 83% based on appraisal.

for this re-fi i looked at borrowing under 80% from non-physician loan lenders as well, and the jumbo rates from them were still not that great. pretty similiar to where we are now.

Frankly, dealing with Regions for the re-fi was easy, and that is what i was looking for. They have a dedicated team just for the physicians loans, they knew us, and i already knew their process.
and i don't do any active banking with them. all my stuff is with Chase.

could a better deal have existed? probably.
but i did little to no work, didn't come out of pocket, and improved my loan.
so i didn't win the Money Board loan war, but still better off than before.