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  • August 11, 2010 at 10:54 AM #17820
    lepetitangel
    Participant

    Husband and I have been thinking about refinancing as we have cash that we don’t need that we can put into the houes for a lower rate.

    Do you think refi rate will continue to drop? It seems real low now…..4.5% at wells fargo. Do you think we should wait a little longer and see if rate goes below 4%? (too good to be true??!!)

    Thanks!

    August 11, 2010 at 11:25 AM #589384
    ocrenter
    Participant

    is that conforming? conforming jumbo? nonconforming? points? no points? impound? no impound?

    would love more details if you don’t mind.

    August 11, 2010 at 11:25 AM #589478
    ocrenter
    Participant

    is that conforming? conforming jumbo? nonconforming? points? no points? impound? no impound?

    would love more details if you don’t mind.

    August 11, 2010 at 11:25 AM #590013
    ocrenter
    Participant

    is that conforming? conforming jumbo? nonconforming? points? no points? impound? no impound?

    would love more details if you don’t mind.

    August 11, 2010 at 11:25 AM #590121
    ocrenter
    Participant

    is that conforming? conforming jumbo? nonconforming? points? no points? impound? no impound?

    would love more details if you don’t mind.

    August 11, 2010 at 11:25 AM #590430
    ocrenter
    Participant

    is that conforming? conforming jumbo? nonconforming? points? no points? impound? no impound?

    would love more details if you don’t mind.

    August 11, 2010 at 2:57 PM #589544
    as
    Participant

    I am facing the same question.
    I got 4.75% 30y fixed confirming loan last year, paid 0.5 point. Today I just checked and one of the company is offering 4.25% 30 fixed with 0 point. Shall I refinance now or wait? I would like to see the smart piggs’ opinion. thanks.

    August 11, 2010 at 2:57 PM #589638
    as
    Participant

    I am facing the same question.
    I got 4.75% 30y fixed confirming loan last year, paid 0.5 point. Today I just checked and one of the company is offering 4.25% 30 fixed with 0 point. Shall I refinance now or wait? I would like to see the smart piggs’ opinion. thanks.

    August 11, 2010 at 2:57 PM #590173
    as
    Participant

    I am facing the same question.
    I got 4.75% 30y fixed confirming loan last year, paid 0.5 point. Today I just checked and one of the company is offering 4.25% 30 fixed with 0 point. Shall I refinance now or wait? I would like to see the smart piggs’ opinion. thanks.

    August 11, 2010 at 2:57 PM #590281
    as
    Participant

    I am facing the same question.
    I got 4.75% 30y fixed confirming loan last year, paid 0.5 point. Today I just checked and one of the company is offering 4.25% 30 fixed with 0 point. Shall I refinance now or wait? I would like to see the smart piggs’ opinion. thanks.

    August 11, 2010 at 2:57 PM #590590
    as
    Participant

    I am facing the same question.
    I got 4.75% 30y fixed confirming loan last year, paid 0.5 point. Today I just checked and one of the company is offering 4.25% 30 fixed with 0 point. Shall I refinance now or wait? I would like to see the smart piggs’ opinion. thanks.

    August 11, 2010 at 3:03 PM #589554
    SD Realtor
    Participant

    ocr no details yet. It was posted on several blogs though. Even calculated risk talked about it. There were no details but the most I read was that the govt will “encourage” the gse’s to forgive the debt. Nothing was detailed on what loans, recourse non recourse, firsts, seconds, etc… Given the recent losses posted by the gse’s this seems impossible. Given we have an election and a failed stimulus program this may be inevitable or something like it.

    August 11, 2010 at 3:03 PM #589648
    SD Realtor
    Participant

    ocr no details yet. It was posted on several blogs though. Even calculated risk talked about it. There were no details but the most I read was that the govt will “encourage” the gse’s to forgive the debt. Nothing was detailed on what loans, recourse non recourse, firsts, seconds, etc… Given the recent losses posted by the gse’s this seems impossible. Given we have an election and a failed stimulus program this may be inevitable or something like it.

    August 11, 2010 at 3:03 PM #590183
    SD Realtor
    Participant

    ocr no details yet. It was posted on several blogs though. Even calculated risk talked about it. There were no details but the most I read was that the govt will “encourage” the gse’s to forgive the debt. Nothing was detailed on what loans, recourse non recourse, firsts, seconds, etc… Given the recent losses posted by the gse’s this seems impossible. Given we have an election and a failed stimulus program this may be inevitable or something like it.

    August 11, 2010 at 3:03 PM #590291
    SD Realtor
    Participant

    ocr no details yet. It was posted on several blogs though. Even calculated risk talked about it. There were no details but the most I read was that the govt will “encourage” the gse’s to forgive the debt. Nothing was detailed on what loans, recourse non recourse, firsts, seconds, etc… Given the recent losses posted by the gse’s this seems impossible. Given we have an election and a failed stimulus program this may be inevitable or something like it.

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