Mortgage Rates Looking Very Attractive Again

[donaldduckmoore]

[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 go through broker or not, $1200 closing cost is pretty low for refi. Would you mind sharing more contact info pls. My email is [email protected].

[Huckleberry]

Yes, I would also be interested in whether you used a broker or not? If so, who was it? Thx…

[Huckleberry]

Yes, I would also be interested in whether you used a broker or not? If so, who was it? Thx…

[Huckleberry]

Yes, I would also be interested in whether you used a broker or not? If so, who was it? Thx…

[Huckleberry]

Yes, I would also be interested in whether you used a broker or not? If so, who was it? Thx…

[Huckleberry]

Yes, I would also be interested in whether you used a broker or not? If so, who was it? Thx…

[four walling]

Those are attractive terms.

I am looking down the road to do a conforming refi for a 4.625 APR (1% less then my current APR), no points and roll in the closing costs.

I wonder what the timeframe will be to have a shot at those terms?

I am currently at WAMU but what they currently offering is not as good as what BofA currently is offering.

[four walling]

Those are attractive terms.

I am looking down the road to do a conforming refi for a 4.625 APR (1% less then my current APR), no points and roll in the closing costs.

I wonder what the timeframe will be to have a shot at those terms?

I am currently at WAMU but what they currently offering is not as good as what BofA currently is offering.

[four walling]

Those are attractive terms.

I am looking down the road to do a conforming refi for a 4.625 APR (1% less then my current APR), no points and roll in the closing costs.

I wonder what the timeframe will be to have a shot at those terms?

I am currently at WAMU but what they currently offering is not as good as what BofA currently is offering.

[four walling]

Those are attractive terms.

I am looking down the road to do a conforming refi for a 4.625 APR (1% less then my current APR), no points and roll in the closing costs.

I wonder what the timeframe will be to have a shot at those terms?

I am currently at WAMU but what they currently offering is not as good as what BofA currently is offering.

[four walling]

Those are attractive terms.

I am looking down the road to do a conforming refi for a 4.625 APR (1% less then my current APR), no points and roll in the closing costs.

I wonder what the timeframe will be to have a shot at those terms?

I am currently at WAMU but what they currently offering is not as good as what BofA currently is offering.

[davelj]

[quote=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.

[/quote]

I locked yesterday. If rates go to 4%, so be it. Again, I’m not trying to bottom-tick anything. Anyone lending anyone else money for 4.6% fixed for 30 years is making a bad trade, although the degree to which the trade is bad for the lender may not be known for a few years.

If you feel ripped off because you didn’t bottom-tick your re-fi, would you turn around and pay a higher rate if fixed rates went to 6.5% in the future? Or does the “rip-off” only work in one direction? Just curious.

[davelj]

[quote=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.

[/quote]

I locked yesterday. If rates go to 4%, so be it. Again, I’m not trying to bottom-tick anything. Anyone lending anyone else money for 4.6% fixed for 30 years is making a bad trade, although the degree to which the trade is bad for the lender may not be known for a few years.

If you feel ripped off because you didn’t bottom-tick your re-fi, would you turn around and pay a higher rate if fixed rates went to 6.5% in the future? Or does the “rip-off” only work in one direction? Just curious.

[davelj]

[quote=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.

[/quote]

I locked yesterday. If rates go to 4%, so be it. Again, I’m not trying to bottom-tick anything. Anyone lending anyone else money for 4.6% fixed for 30 years is making a bad trade, although the degree to which the trade is bad for the lender may not be known for a few years.

If you feel ripped off because you didn’t bottom-tick your re-fi, would you turn around and pay a higher rate if fixed rates went to 6.5% in the future? Or does the “rip-off” only work in one direction? Just curious.

[davelj]

[quote=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.

[/quote]

I locked yesterday. If rates go to 4%, so be it. Again, I’m not trying to bottom-tick anything. Anyone lending anyone else money for 4.6% fixed for 30 years is making a bad trade, although the degree to which the trade is bad for the lender may not be known for a few years.

If you feel ripped off because you didn’t bottom-tick your re-fi, would you turn around and pay a higher rate if fixed rates went to 6.5% in the future? Or does the “rip-off” only work in one direction? Just curious.

[Author]

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