Get ready for even lower interest rates….

[meadandale]

My problem has been that I don’t have 20% equity in my house; that’s why I haven’t refi’d.

However, with rates at 4% or lower for a 20-30 year fixed..I’ll either eat the PMI or pay down the mortgage to get to 20%.

My blended rate is 6.25% now…I’d love to lock in something around 4% or lower if I don’t have to drop $10k out of pocket to do it.

[briansd1]

[quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.

[briansd1]

[quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.

[briansd1]

[quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.

[briansd1]

[quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.

[briansd1]

[quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.

[an]

[quote=briansd1][quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.[/quote]
I’m not, since I can’t get those rates today. But I sure would be if it ever get that low.

[an]

[quote=briansd1][quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.[/quote]
I’m not, since I can’t get those rates today. But I sure would be if it ever get that low.

[an]

[quote=briansd1][quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.[/quote]
I’m not, since I can’t get those rates today. But I sure would be if it ever get that low.

[an]

[quote=briansd1][quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.[/quote]
I’m not, since I can’t get those rates today. But I sure would be if it ever get that low.

[an]

[quote=briansd1][quote=AN]I’m ready for 3% 30 year fixed. Looking forward to save a few hundred a month. Think I can get those saving by next year? Think I can get it down to 2.5% if I pay a couple of points? my payment would be less than what I paid in rent for a 2 bedroom apartment 2 years ago.[/quote]

Looks like you’re benefiting nicely from government intervention.[/quote]
I’m not, since I can’t get those rates today. But I sure would be if it ever get that low.

[CA renter]

[quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

First you want to be able to pay the loan off at some point

Second you want as much interest deduction as possible on your tax return

Third you want the LOWEST possible purchase price.[/quote]

Precisely, GH.

[CA renter]

[quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

First you want to be able to pay the loan off at some point

Second you want as much interest deduction as possible on your tax return

Third you want the LOWEST possible purchase price.[/quote]

Precisely, GH.

[CA renter]

[quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

First you want to be able to pay the loan off at some point

Second you want as much interest deduction as possible on your tax return

Third you want the LOWEST possible purchase price.[/quote]

Precisely, GH.

[CA renter]

[quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

First you want to be able to pay the loan off at some point

Second you want as much interest deduction as possible on your tax return

Third you want the LOWEST possible purchase price.[/quote]

Precisely, GH.

[Author]

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