Mortgage Rates - have they dropped again?

i wish i got sub 3%. i just closed tuesday and it was at 3.375%.

I hope so, I have a 3.75% 30 yr, going to appraise for almost 20% more than the purchase price in 2017 and I have perfect credit. There's a potential business purchase I'm looking at, so I'm going to be taking cash out for that.

Been hustling, we had some water damage in Zeta and we redid the roof immediately but lingered on the inside repairs. Went to get a refinance from rocket in Jan and the guy was like, you'll want to get that ceiling fixed first, before appraisal.

Finally got a contractor and he's wrapping up work this week. So I'm about to restart the process again.

Rocket guy was quoting me like 2.8% in January, but that was before this business opportunity came so there was no cash out involved. Don't really care about payment amount.

Thought I missed out but closed on a 10yr refi at 2% no points. Lock in about three weeks ago. They quoted me 2.25 for 15yrs also.

On Bankrate, I see Better has 30 year @ 2.635% with 0 points and 30 year @ 2.375% with 0.61 points.

I closed with Better last week for 30 year @ 2.25% with 0.83 points and no escrow.

January was the best rates I’ve ever seen. Expect it to be a bit higher but shouldn’t be that much more.

In DFW. I Sent email to Texas trust

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With 30-year rates so low, I don't understand why anyone would willfully choose a 15-year loan.

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Pay less interest in total over the length of the loan. For me, I had paid down my mortgage to the point where I could refi with a 15 year, at a lower rate than 30, and still have my payments be less than what they were before I refinanced my 30 year.

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Can someone chime in the benefit? It seems fiscally irresponsible.

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From an investing/mathematical perspective yes but it depends. If you take the extra money and invest for 30 years you should come out ahead. However one has to be disciplined to do that, depends how you invest the money and your ROI over 30 years. Paying off your mortgage in 15 years instead of 30 is a guaranteed return.

If I was of the camp to pay off mortgage early, I'd get a 30 year and pay it off like it was a 15 or less. You might pay a little more interest depending on the rate difference but the flexibility is worth it in case of prolonged job loss, medical emergencies etc.

They are. I tried them but I guess I owe too little on my current mortgage. Oh well. My local bank is fine. When I think through this I understand, but it still came as kind of a shock to me. I’d have not guessed owing too little as a bad thing.