interest rates in the USA v other advanced economies

[gzz]

10 year is now at 0.48%.

2.75% on a 30 year might soon be the rate if you have bad credit.

[The-Shoveler]

Wow they are pricing in a 75 basis point drop in rates at next meeting.

Soon time to refi !!

[Anonymous]

Bumped into my mortgage guy today. He said expect a refi to take 3-4 months to close

[gzz]

Wow, 2.81% when I posted in 2018, 0.51% right now.

If I had to guess at a bottom, I’d say 0.35% with intraday dipping to 0.25%.

Stock market seems overvalued, but where else can you get even 1% if you have $20 billion? Not bonds.

If we stay at the current level today, the best 30 year mortgages should get to 1.9% no points.

[JPJones]

[quote=TheBrianNarrative]Bumped into my mortgage guy today. He said expect a refi to take 3-4 months to close[/quote]

Maybe I’m missing context (didn’t read the whole 5 pages), but did this turn out to be true for anyone? Ours took about a month and closed 3 weeks ago. Forgive me if I’m missing something. I only check in here about once a month.

[sdrealtor]

From what I heard there was a massive onslaught in early March. Not sure how long they took but it was a while. They couldn’t do on site appraisals for a while. Much better last couple months

[JPJones]

[quote=sdrealtor]From what I heard there was a massive onslaught in early March. Not sure how long they took but it was a while. They couldn’t do on site appraisals for a while. Much better last couple months[/quote]

Ah, that might be it. Ours didn’t require an appraisal. The notary still had to come out, though. At any rate, ours is just 1 data point, so it might not have been the norm.

[Author]

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