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Started By
Message
Home interest rates outlook
Posted on 10/14/20 at 7:53 pm
Posted on 10/14/20 at 7:53 pm
Anybody believe they are going to go lower?
Not sure if I should wait or refinance my house to a 2.25% 30yr fixed...
Not sure if I should wait or refinance my house to a 2.25% 30yr fixed...
This post was edited on 10/14/20 at 7:57 pm
10
Posted on 10/14/20 at 7:57 pm to SanJoseTigerFan
Unless banks start paying us to take mortgages out, then this is about as low as they’ll get.
Refinances and purchases have been so active banks have increased risk management measures. Get it while you can.
Refinances and purchases have been so active banks have increased risk management measures. Get it while you can.
Posted on 10/14/20 at 8:25 pm to SanJoseTigerFan
I’m wondering same thing. Took out a mortgage in March at 3.5% on a 30 year.
Wondering if it’s worth for me to start looking to refinance already
Wondering if it’s worth for me to start looking to refinance already
Posted on 10/14/20 at 8:47 pm to SanJoseTigerFan
What are 30 year mortgages running? I locked at 2.625 but it expired on the 28th of September so I extended it.
This post was edited on 10/14/20 at 8:52 pm
Posted on 10/14/20 at 10:48 pm to SanJoseTigerFan
quote:
Not sure if I should wait or refinance my house to a 2.25% 30yr fixed...
You actually think a 30yr will get lower
Posted on 10/15/20 at 8:20 am to SanJoseTigerFan
quote:
2.25% 30yr fixed...
Historical lows - Just do it
Posted on 10/15/20 at 8:23 am to SanJoseTigerFan
Feel I've screwed up on the refinancing part. Refinanced 2 years ago, went from 5-4%. Refinancing now, going down to 3% from 4. A/C went out so doing a cash out to pay for it. Would have been 2.7% but cash out made it go up to 3. Feel like after all the fees for last 2 refinancing it was a bad idea. I'll be in my house for at least another 10 years though.
Posted on 10/15/20 at 8:40 am to Rize
Rate depends on the loan amount and credit score. I can email you if you want to see today's rates
Posted on 10/15/20 at 8:42 am to Rize
Rates depend on the loan amount and credit. Let me know if you want me to send over today's rates
Posted on 10/15/20 at 8:51 am to SDVTiger
quote:
You actually think a 30yr will get lower
I would almost call this the lock of the century
Posted on 10/15/20 at 8:59 am to SanJoseTigerFan
I'm about to close on mine at 2.75% for 30 year. Didn't want to wait too long in case the election results and/or covid shutdown related foreclosures caused housing values to go down. I only bought the house a year ago and wanted to avoid coming out of pocket for the refi so had to make sure appraisal value didn't dip.
Posted on 10/15/20 at 9:01 am to MortgageMaven
what's the rate and monthly payment for 10 or 15 yr refi. Original 15yr loan @145k of which i still owe $75k.
Posted on 10/15/20 at 10:21 am to ks_nola
2.625-2.75 you loan amount is goingt to keep from the best rates.
Posted on 10/15/20 at 10:23 am to SanJoseTigerFan
i hate when people think like this. Historical all time low rates and they want to hold out for fairy land. No offense ment when i say this, i am just trying to let you see this from a different view. Banks are giving away money right now. Unitl this march the lowest 30yr rate was 3.3-3.55. Purchase money is 2.5-2.625% right now. thas a full point under all time lows. I expect the rates to start to rise 3-4 months after a vaccine is produced. so you can wait and miss these rates or get off the fence and grab a great interest rate.
Posted on 10/15/20 at 10:41 am to hawkeye007
As I tell all my customers - pigs eat at the trough, hogs get slaughtered. Lock and close on that rate. You’re over thinking it big time.
Also, so what if they drop another 25 bps, unless your loan amount is $5 million or something, that small rate decrease isn’t really going to move the needle very much
Also, so what if they drop another 25 bps, unless your loan amount is $5 million or something, that small rate decrease isn’t really going to move the needle very much
Posted on 10/15/20 at 11:35 am to Im4datigers
quote:
Also, so what if they drop another 25 bps, unless your loan amount is $5 million or something, that small rate decrease isn’t really going to move the needle very much
completely agree, anything lower is just bragging rights, makes little, to no difference for the vast majority of homeowners
Posted on 10/15/20 at 11:52 am to SanJoseTigerFan
Where did you get 2.25% from???
Posted on 10/15/20 at 12:34 pm to ODP
The internet. He hasn’t seen how many points come with it.
Posted on 10/15/20 at 12:46 pm to hawkeye007
quote:
i hate when people think like this
You must really hate it after 40 years
This post was edited on 10/15/20 at 12:47 pm
Posted on 10/15/20 at 2:15 pm to hawkeye007
(no message)
This post was edited on 12/27/20 at 2:39 pm
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