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re: Will mortgage rates continue to fall?

Posted on 8/8/24 at 9:37 pm to
Posted by Big_Sur
Member since Nov 2012
1171 posts
Posted on 8/8/24 at 9:37 pm to
I locked in yesterday for home purchase at 5.75%, no points, 7yr ARM, with $0 down.

Only catch: Required to open a savings account with $25k at 5%.
This post was edited on 8/8/24 at 10:00 pm
Posted by KWL85
Member since Mar 2023
3076 posts
Posted on 8/9/24 at 11:47 am to
I’m not confused. Don’t act like mortgage rates aren’t influenced by fed.
___________

Ok. But you are incorrect. Mortgage rates have fallen. They are slightly lower than they were.
Posted by KWL85
Member since Mar 2023
3076 posts
Posted on 8/9/24 at 11:52 am to
I would not refi at these rates. Doesn't seem to be a big enough difference from your current rate. They will be a little lower by end of the year and might be worth it then.
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