Menu

Home › Forums › Closed Forums › Buying and Selling RE › Absurdly low refi rates???

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • March 17, 2016 at 6:35 PM #21915
    treehugger
    Participant

    Has anyone refi’d lately? A buddy at work claims to have just refi’d his 2010 purchased, single family house in San Marcos at a 30 year fixed for 2.86%, no points, but it is a VA loan? Is this real? I asked for the number of his agent, he said it was with Wells Fargo.

    I have 3.5% and if could get near to that would go today and refi!

    March 18, 2016 at 6:32 AM #795896
    livinincali
    Participant

    I don’t see anything like that right now. Average rate for a 30 year is just under 4 and lowest rates are bunched up around 3.625. I don’t know how you get 2.86 unless it’s not really a 30 year fixed. 15 year fixed would be around 2.8. Some sort of ARM product might be around those levels too, but I don’t see 30 year fixed at those levels.

    March 20, 2016 at 9:05 PM #795969
    Escoguy
    Participant

    I hear ads from New American funding for rates in the 2s for the 1st year then fixed for the remaining 29 years. I haven’t checked on details but if anyone can find more would like to know. I’m also at 3.5% on 30 fixed so don’t expect it’s really better than that.

    March 21, 2016 at 12:13 AM #795976
    gzz
    Participant

    Right now if I did a refi with Sebonic (best rate on zillow mortgage) the APR would be 3.512. They did my purchase actually, then sold the loan to Chase.

    March 21, 2016 at 9:37 AM #795987
    poorgradstudent
    Participant

    Yeah, I imagine you missed something in the details. Rates are pretty darn low, but you’re unlikely to find a 30 year at that level.

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • The forum ‘Buying and Selling RE’ is closed to new topics and replies.