- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Current Mortgage Rates
Posted on 8/11/20 at 12:04 pm to TigerTatorTots
Posted on 8/11/20 at 12:04 pm to TigerTatorTots
quote:
People need to start stating if they are paying points with these rates. 2.5% on a 30 year fixed seems not possible with standard closing costs.
A lot of them are paying baked in points and don’t know.
1
Posted on 8/11/20 at 12:08 pm to Sput
I reached out to my current mortgage company and they offered a 3.125% on a fixed 30 refi with 100% lender paid closing costs. Nothing rolled into the loan, no loan duration extension. Other option was 2.875% with standard ~$4,000 in closing costs.
Posted on 8/11/20 at 1:51 pm to TigerTatorTots
yea i have been pricing loans this morning and 30yr rates is no where near that low. I normally don't get my butt kicked on rate qutoes so when i see this i smell fishy !
Posted on 8/11/20 at 2:36 pm to TigerTatorTots
We are locked in at 2.25% and a 1.375% Origination Point charge for a 15 year refinance for some home improvements. We are going through Navy Federal Credit Union
Posted on 8/11/20 at 3:06 pm to cajunrabbit
is that a VA loan?
Posted on 8/11/20 at 4:06 pm to HubbaBubba
quote:
quote:
We locked in 2.5% 30 year fixed in Louisiana yesterday.
Upfront points? Costs?
This is a new house buy not a refi so I don’t have all the details yet. This was the offer from my bank.
Posted on 8/11/20 at 4:11 pm to buffbraz
We are reducing the amount we are borrowing by a large margin and my wife and I both have excellent credit so it can explain the 2.5% interest rate.
Posted on 8/11/20 at 5:06 pm to hawkeye007
Birmingham area here. Locked a 30yr fixed 2.5% with no points on a refi last Thursday. APR 2.75%ish. LTV < 65%.
This post was edited on 8/11/20 at 6:53 pm
Posted on 8/11/20 at 5:16 pm to Aug1
quote:
Birmingham area here. Locked a 30yr fixed 2.5% with no points last Wednesday. APR 2.75%ish. LTV < 65%.
Who’d you use?
Posted on 8/11/20 at 5:54 pm to AA7
Any brokers here quoting the United wholesale mortgage conquest program?
This post was edited on 8/11/20 at 6:01 pm
Posted on 8/11/20 at 6:03 pm to BayouLSU
I have a rental property that is at 5%, would love to find 3% without a ton of closing cost. Seems like rental properties are still high.
It is worth 185k
Owe 115k so 62% LTV
Credit rating at approx 755
It is worth 185k
Owe 115k so 62% LTV
Credit rating at approx 755
Posted on 8/11/20 at 6:31 pm to BHTiger
I’d gobble up closing cost like a prime steak toget out of a 5% loan.
Posted on 8/11/20 at 6:55 pm to BHTiger
Just roll the closing costs into the loan. Sacrificing a little equity for more cashflow. If it is a longterm hold then you should be gold. Take the closing costs divide it by how much you will save each year and that'll give you your breakeven timeframe.
Posted on 8/11/20 at 7:42 pm to Aug1
quote:
Synovus
Posted on 8/11/20 at 10:47 pm to buffbraz
Must be your first house if you don't understand points and costs are involved whether buying or refinancing.
Posted on 8/12/20 at 12:09 am to BayouLSU
We were doing conquest but their turn times ticked up and you can only lock for 22 days which many times isn’t enough. Using other lenders now
Posted on 8/12/20 at 7:18 am to HubbaBubba
quote:
Must be your first house if you don't understand points and costs are involved whether buying or refinancing.
It’s not my first house but admittedly this is not my line of work......I have been working with my loan officer for years now including buying 3 houses with him and have never needed to use mortgage points so I’m assuming he would have told me if this were the case(maybe I’m wrong and I will ask him for sure). Also anytime we have closed on a property there have been closing costs which is pretty common. If anyone has advice on how to approach these issues let me know. Again we are very early in the process and I was just quoted the rate two days ago.
This post was edited on 8/12/20 at 7:19 am
Posted on 8/12/20 at 8:22 am to hawkeye007
Can get 2.875 for 30 years here with my lender waiving origination fee of $2489.
Can get 2.4 for 15 years with lender waiving origination also.
Do you guys think this is more than likely best deal out there right now?
Traditional 5% down also.
Can get 2.4 for 15 years with lender waiving origination also.
Do you guys think this is more than likely best deal out there right now?
Traditional 5% down also.
Posted on 8/12/20 at 8:34 am to HubbaBubba
quote:
quote:
We locked in 2.5% 30 year fixed in Louisiana yesterday.
Upfront points? Costs?
Update from lender:
“ No points. Our fees are $1026. + Appraisal $450. + title. The e sign disclosures will reflect all fees and estimated insurances / taxes.”
Seems consistent with previous closings I have been through. Again, this is buying a new property not refinancing.
Page 30 of 52
Popular
Back to top
Follow TigerDroppings for LSU Football News