Will the selling of short term treasuries/bonds by fredie mac next week cause refi rates to drop? Anybody refi lately with FHA loan? Talked to BofA my servicer and was told I would probably never want to refi my 30 year @ 4.875%, but I’m not so sure about that.
Whatever is expected won’t happen. The plan is to drive down mortgage rates so they will spike up at least for next week. If expectations reverse at that point they’ll go down.
But jeez isn’t there a lower limit? Someone has to hold the investment ultimately.
Hey. Well my mortgage broker won’t let me refinance for another 6 months. So if one of you folks can find me someone to take care of all the paperwork no fee/no cost at 3% so I can save another $100ish/month, I’ll be happy to keep helping drive the rates lower.
[quote=walterwhite]Whatever is expected won’t happen. The plan is to drive down mortgage rates so they will spike up at least for next week. If expectations reverse at that point they’ll go down.
But jeez isn’t there a lower limit? Someone has to hold the investment ultimately.[/quote]
I’m waiting for the day there is a -1.0% loan….
The bank pays you to take a mortgage out…
But I would settle for 0.9% financing….Oh my gosh, it sounds like buying a GM/Ford/Chrysler car……Oh wait….
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