I’ve been shocked by how low rates are. A friend in the midwest just refied their house from a 15 year loan (5 years in) to a 10 year… 3.875%. A coworker who relocated here a year ago and has been renting is in escrow… his rate for a 15 year loan is 3.75%.
Makes me feel like a sucker for refi’ing into 4.25% a year ago.
Not sure how much it will affect purchases – but it will definitely cause a surge in refi’s.
