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HLS.
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December 7, 2007 at 11:23 AM #111416December 7, 2007 at 6:36 PM #111722
vizcaya
ParticipantLast night I went online and applied for a REFI, I currently have a 6.5 fixed 300k loan. I found that Navy federal credit union has the 30 yr fixed at 5.375, with .625 in points and .750 origination fee. They are offering 1000 cash back after the loan is processed. With the new loan, it would save me about $220 month, over the term of 30yrs thats about 90k. Sounds great,, well it would have been had I chose to lock the rate yesterday, I went ahead and floated the lock and the rate jumped .5% overnight. So now I am going to have to wait until the rate comes down to the original rate I liked. I guess I got greedy, serves me right. Now all I can do is hope. For me anything more than 5.5 is not worth the Refi.
December 7, 2007 at 6:36 PM #111836ParticipantLast night I went online and applied for a REFI, I currently have a 6.5 fixed 300k loan. I found that Navy federal credit union has the 30 yr fixed at 5.375, with .625 in points and .750 origination fee. They are offering 1000 cash back after the loan is processed. With the new loan, it would save me about $220 month, over the term of 30yrs thats about 90k. Sounds great,, well it would have been had I chose to lock the rate yesterday, I went ahead and floated the lock and the rate jumped .5% overnight. So now I am going to have to wait until the rate comes down to the original rate I liked. I guess I got greedy, serves me right. Now all I can do is hope. For me anything more than 5.5 is not worth the Refi.
December 7, 2007 at 6:36 PM #111875ParticipantLast night I went online and applied for a REFI, I currently have a 6.5 fixed 300k loan. I found that Navy federal credit union has the 30 yr fixed at 5.375, with .625 in points and .750 origination fee. They are offering 1000 cash back after the loan is processed. With the new loan, it would save me about $220 month, over the term of 30yrs thats about 90k. Sounds great,, well it would have been had I chose to lock the rate yesterday, I went ahead and floated the lock and the rate jumped .5% overnight. So now I am going to have to wait until the rate comes down to the original rate I liked. I guess I got greedy, serves me right. Now all I can do is hope. For me anything more than 5.5 is not worth the Refi.
December 7, 2007 at 6:36 PM #111886ParticipantLast night I went online and applied for a REFI, I currently have a 6.5 fixed 300k loan. I found that Navy federal credit union has the 30 yr fixed at 5.375, with .625 in points and .750 origination fee. They are offering 1000 cash back after the loan is processed. With the new loan, it would save me about $220 month, over the term of 30yrs thats about 90k. Sounds great,, well it would have been had I chose to lock the rate yesterday, I went ahead and floated the lock and the rate jumped .5% overnight. So now I am going to have to wait until the rate comes down to the original rate I liked. I guess I got greedy, serves me right. Now all I can do is hope. For me anything more than 5.5 is not worth the Refi.
December 7, 2007 at 6:36 PM #111917ParticipantLast night I went online and applied for a REFI, I currently have a 6.5 fixed 300k loan. I found that Navy federal credit union has the 30 yr fixed at 5.375, with .625 in points and .750 origination fee. They are offering 1000 cash back after the loan is processed. With the new loan, it would save me about $220 month, over the term of 30yrs thats about 90k. Sounds great,, well it would have been had I chose to lock the rate yesterday, I went ahead and floated the lock and the rate jumped .5% overnight. So now I am going to have to wait until the rate comes down to the original rate I liked. I guess I got greedy, serves me right. Now all I can do is hope. For me anything more than 5.5 is not worth the Refi.
December 7, 2007 at 7:58 PM #111746HLS
ParticipantVIZ,
That is strange, because there was no huge move between yesterday and today. (Rates were cheaper earlier in the week though)Today’s best rate that I had was 5.50% with .375% cost.
“no cost” loans were about 6.125% today. It wouldn’t add a dime to your loan balance, and is still cheaper than 6.50% with no cost other than $350 for an appraisal.
30 YR Rates will probably be up Monday, and after that is anyone’s guess, even with a Fed rate cut on Tues.
It’s all about qualifying today. Rates are lowest they have been in a few years.
December 7, 2007 at 7:58 PM #111860ParticipantVIZ,
That is strange, because there was no huge move between yesterday and today. (Rates were cheaper earlier in the week though)Today’s best rate that I had was 5.50% with .375% cost.
“no cost” loans were about 6.125% today. It wouldn’t add a dime to your loan balance, and is still cheaper than 6.50% with no cost other than $350 for an appraisal.
30 YR Rates will probably be up Monday, and after that is anyone’s guess, even with a Fed rate cut on Tues.
It’s all about qualifying today. Rates are lowest they have been in a few years.
December 7, 2007 at 7:58 PM #111943ParticipantVIZ,
That is strange, because there was no huge move between yesterday and today. (Rates were cheaper earlier in the week though)Today’s best rate that I had was 5.50% with .375% cost.
“no cost” loans were about 6.125% today. It wouldn’t add a dime to your loan balance, and is still cheaper than 6.50% with no cost other than $350 for an appraisal.
30 YR Rates will probably be up Monday, and after that is anyone’s guess, even with a Fed rate cut on Tues.
It’s all about qualifying today. Rates are lowest they have been in a few years.
December 7, 2007 at 7:58 PM #111901ParticipantVIZ,
That is strange, because there was no huge move between yesterday and today. (Rates were cheaper earlier in the week though)Today’s best rate that I had was 5.50% with .375% cost.
“no cost” loans were about 6.125% today. It wouldn’t add a dime to your loan balance, and is still cheaper than 6.50% with no cost other than $350 for an appraisal.
30 YR Rates will probably be up Monday, and after that is anyone’s guess, even with a Fed rate cut on Tues.
It’s all about qualifying today. Rates are lowest they have been in a few years.
December 7, 2007 at 7:58 PM #111911ParticipantVIZ,
That is strange, because there was no huge move between yesterday and today. (Rates were cheaper earlier in the week though)Today’s best rate that I had was 5.50% with .375% cost.
“no cost” loans were about 6.125% today. It wouldn’t add a dime to your loan balance, and is still cheaper than 6.50% with no cost other than $350 for an appraisal.
30 YR Rates will probably be up Monday, and after that is anyone’s guess, even with a Fed rate cut on Tues.
It’s all about qualifying today. Rates are lowest they have been in a few years.
December 7, 2007 at 8:18 PM #111751NotCranky
ParticipantHlS Is the original post supported by what you are seeing? Anything like a bump in refi action , if so, what is a representative client profile.
Thanks,If you get a chance to respond.December 7, 2007 at 8:18 PM #111948ParticipantHlS Is the original post supported by what you are seeing? Anything like a bump in refi action , if so, what is a representative client profile.
Thanks,If you get a chance to respond.December 7, 2007 at 8:18 PM #111915ParticipantHlS Is the original post supported by what you are seeing? Anything like a bump in refi action , if so, what is a representative client profile.
Thanks,If you get a chance to respond.December 7, 2007 at 8:18 PM #111905ParticipantHlS Is the original post supported by what you are seeing? Anything like a bump in refi action , if so, what is a representative client profile.
Thanks,If you get a chance to respond. -
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