Mortgage Rates Looking Very Attractive Again

[massey]

These are good rates, when you add in the First Time Buyers 10k tax credit its a good deal. Now its still a matter of finding the bottom of the housing market. A better price is better than a great rate.

That depends how much you’re expecting the prices to fall.

I did a rough calculation and came up with these equivalences in terms of total cash outflow (assuming 30yr fixed):

300k @ 6% = 355k @ 4.5%
536k @ 6% = 635k @ 4.5%

Those are fairly sizable discounts.

Hopefully what we will see is both a rate decrease AND these ultra low rates. Of course that might mean the world is about to end, though.

[Oxford]

WOW banks are still offering 1/1, 3/1, 5/1, 10/1 ARMs jumbos and conforming. But I bet genetic testing and inspection of every document you have ever signed in your life, is included in the underwriting requirements.

OX

[Oxford]

WOW banks are still offering 1/1, 3/1, 5/1, 10/1 ARMs jumbos and conforming. But I bet genetic testing and inspection of every document you have ever signed in your life, is included in the underwriting requirements.

OX

[Oxford]

WOW banks are still offering 1/1, 3/1, 5/1, 10/1 ARMs jumbos and conforming. But I bet genetic testing and inspection of every document you have ever signed in your life, is included in the underwriting requirements.

OX

[Oxford]

WOW banks are still offering 1/1, 3/1, 5/1, 10/1 ARMs jumbos and conforming. But I bet genetic testing and inspection of every document you have ever signed in your life, is included in the underwriting requirements.

OX

[Oxford]

WOW banks are still offering 1/1, 3/1, 5/1, 10/1 ARMs jumbos and conforming. But I bet genetic testing and inspection of every document you have ever signed in your life, is included in the underwriting requirements.

OX

[davelj]

I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.

[davelj]

I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.

[davelj]

I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.

[davelj]

I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.

[davelj]

I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.

[equalizer]

[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]

Did you lock today, or have you already closed?

I got ripped off at 4.7% APR refi few months ago. Should have waited for 4%. Now I have no choice but to walk away or ask for a bailout.

[equalizer]

[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]

Did you lock today, or have you already closed?

I got ripped off at 4.7% APR refi few months ago. Should have waited for 4%. Now I have no choice but to walk away or ask for a bailout.

[equalizer]

[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]

Did you lock today, or have you already closed?

I got ripped off at 4.7% APR refi few months ago. Should have waited for 4%. Now I have no choice but to walk away or ask for a bailout.

[equalizer]

[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.

Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]

Did you lock today, or have you already closed?

I got ripped off at 4.7% APR refi few months ago. Should have waited for 4%. Now I have no choice but to walk away or ask for a bailout.

[Author]

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