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re: Refinancing question - currently at 7.25 30 fixed and NBKC just quoted me 5.6 no points

Posted on 10/11/24 at 1:18 pm to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92686 posts
Posted on 10/11/24 at 1:18 pm to
quote:

Rates arent going down at the moment. They are up like always after a first cut.


Because thats what happens after a cut based on history

quote:

So why did you advise another poster in this thread on 9/16 to wait two days, until after the day the Fed was scheduled to announce a rate reduction, before getting a mortgage loan?



Because rates would go down and to lock. I didnt advise to wait 2 weeks after

Your gotcha attempt is terrible
Posted by LSURussian
Member since Feb 2005
133414 posts
Posted on 10/11/24 at 1:21 pm to
quote:

Because rates would go down and to lock. I didnt advise to wait 2 weeks after
You are contradicting yourself.

"Wait two days for rates to go down even though rates 'always' go up right after a rate cut."

Just admit it, you don't know shite about rates...
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92686 posts
Posted on 10/11/24 at 1:23 pm to
quote:

You are contradicting yourself.




i mean you are failing bad at this
Posted by Mickey Goldmill
Baton Rouge
Member since Mar 2010
26342 posts
Posted on 10/11/24 at 1:26 pm to
quote:

SDVTiger


yawn. getting old
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92686 posts
Posted on 10/11/24 at 1:28 pm to
You still pretending to be ghey?
Posted by beaverfever
Arkansas
Member since Jan 2008
35307 posts
Posted on 10/11/24 at 11:26 pm to
quote:

slackster
I was 100% going to bump this thread if you didn’t
Posted by CAD703X
Liberty Island
Member since Jul 2008
90969 posts
Posted on 10/30/24 at 11:03 am to


FAFO i should have taken that 30y/5.5% rate.

i'm going to sit this one out a bit longer and hope rates will get back into the mid 5s again.

CAD = idiot.
Posted by CAD703X
Liberty Island
Member since Jul 2008
90969 posts
Posted on 10/30/24 at 11:05 am to
quote:

Interest rates in general, including treasuries, are down since the Fed cut rates on 9/18. That is my position.


Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92686 posts
Posted on 10/30/24 at 3:32 pm to
You realize those are rates with built in 2% comp plan for bankers

If you had asked about borrowrr paid you would be under 6 still
Posted by CAD703X
Liberty Island
Member since Jul 2008
90969 posts
Posted on 10/30/24 at 3:34 pm to
nothing close to what i was quoted on 9/19 though
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92686 posts
Posted on 10/30/24 at 4:24 pm to
If you had asked about it when I told you you would have
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