I refi’d after Brexit a few years ago and ended up with 3% for 30 year fixed….. Friday started following rates and telling friends to refi, as of this morning my friend just locked at 3% with a 3.011% APR (30 year fixed), crazy times!
[quote=flu]fed just cut rates. I think like Japan, we won’t see rates rise for a long long time. lol[/quote]
That’s what I anticipated. No hyperinflation despite record deficits. The people who locked-in fixed rate mortgages a decade ago in anticipation of inflation have been so wrong.
I locked a 30yr at 3.24% yesterday with no costs. That was a 0.376% reduction for me. Thanks to Home Loan Sheldon (long-time occasional Piggington contributor HLS)! I just saved a few years of mortgage payments. Had considered going with a 15 or 20 year, but not much spread, so kept my options open with the 30yr.
[quote=EJ]I locked a 30yr at 3.24% yesterday with no costs. That was a 0.376% reduction for me. Thanks to Home Loan Sheldon (long-time occasional Piggington contributor HLS)! I just saved a few years of mortgage payments. Had considered going with a 15 or 20 year, but not much spread, so kept my options open with the 30yr.[/quote]
Congrats. that’s a great rate. Happy to hear people here milking the great rate environment.
where do you guys think rates will go? I am going to refi – I missed the massive low price a couple weeks back.. rates now are still low and much lower than what I have now, but I’m wondering if rates will back down.
I read online that the fed will start buying MBS’s… and while I don’t really fully get why that will impact rates, I’m reading that rates will go back down because of it.
what do you all think? I can refi now or I can wait afew weeks. I”m not in a rush but want to do it.
i’m currently in a 30 year fixed at 5.25. I was told I can refi now at 3.75 for another 30 or 3.25 for a 15.
my mortage balance is about $260k, on a house worth about $500.
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