re: Current Mortgage Rates

I’m about to pull the trigger on a 30 year with cash out at 3.5-3.75

When I moved back to La, we bought our new house before we sold our old house... so we ended up with two mortgages. Now there are no good deals on jumbo mortgages. I have 18 left on a 20 year at 3.25 and 9 left on a 15 year at 3.5. The 20 year was originally a 30 year that I refinanced from 4.5. I think I want to refinance to one giant 15 year, so would a lender, who won’t give me a jumbo, just let me refinance both to a 15 year (so I’d have two loans still, both at Like 2.75%)?

Also, my wife and I are physicians... I know they have physician loans, but usually those are for like 5% down. Would they give us a break since we have stable jobs and incomes, and maybe give us a good jumbo?

350k on the 20 and 280k on the 15. House appraised for $1.25 (surprisingly) When I refinanced to the 20 year loan back in 2017. So a jumbo rate would be really high (probably 4.5%). But A low rate for two different mortgages would be good... but I feel like they are not stupid and would know exactly what I was doing (skirting Jumbo rates).

I also see what might have been confusing. At one point we technically had 3 mortgages (1 in Tennessee and 2 on our New Orleans house. But we sold the Tennessee house like a month after we bought the New Orleans one, because that was both necessary and planned). When we moved our banker said it would be better for us to get two mortgages in New Orleans instead of a jumbo Because jumbo rates were too high

Thanks a bunch

Come on, guys. What kind of rates are we seeing? When I click the thread it would be nice if it did what the title says.

From a good friend that owns a mortgage origination business:

4.4% Jumbo
3.3% 30 yr
2.9% 15 yr

700+ FICO

Locked in a 3.00% 30yr refi with fees waived for my fiancee's condo today.

ETA: quoted 2.35-2.5% for 15 yr, but decided to go with the 30 and will just pay extra per month. Gives us more flexibility.

quote:

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quoted 2.35-2.5% for 15 yr

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points?

Can you provide the contact info? I know a lot of people who would jump at those terms

I close Tuesday on 2.25% for 15. Coming down from 4.375 over 30.

We locked in late Feb.