Time to refinance?

[ssj4sadie]

Have been mulling it over for a couple months and I think now is a good time. Have been in this house for almost 2 years with a 4.5% APR, so I should definitely be able to get a lower rate.

What rates are you guys seeing out there? I would be going for a 30 year VA refinance.

 

[carrrnuttt]

Have been mulling it over for a couple months and I think now is a good time. Have been in this house for almost 2 years with a 4.5% APR, so I should definitely be able to get a lower rate.

What rates are you guys seeing out there? I would be going for a 30 year VA refinance.

Bought my current house on a 4.0% VA loan 5 years ago. Within 2 months of that closing, I was able to do a VA rapid refi to make it a 3.25% loan (no fees, except for the VA funding fee).

I am meeting with a notary next Wednesday to close on my new, no fees (besides the VA funding fee, again) refi for 2.75% for the remaining 25 years of my 30yr fixed.

I get to skip a payment, and my monthly after will be about a hundred bucks less.

Certainly was a good time for me. I'd say reach out to some folks and see what they are offering.

 

[Lambeau]

Just refi'd from 3.125% to 2.5% on a 15 yr loan for $1200 closing cost. That was early last week. Since then, the rates have jumped back up to 3%.
(These are not VA rates, I am not a Veteran)

 

[noco5.0]

Missed the boat on refinancing for now. Lenders are so slammed most have jacked rates back up to slow the flow of refinance applications. I could see them going back down if the economy tanks.

 

[Outlaw99]

Rates are still at record lowes. Lenders dont set rates.

I am juggling more buyer clients as is my agency than we have ever seen. Real estate is booming here.

Sent from my LG V30 ThinQ using the svtperformance.com mobile app

 

[sleek98]

Locked a 30 year at 3.125 early last week. Checked rates again Friday just to see and they quoted 3.875. Looks like we will be dropping our payment 400 a month.

 

[DAVESVT2000]

Not residential but commercial, I called my bank and asked about the lower rates, my business has three loans combined over $1 mill at 4.25%.

they voluntarily offered me 3.5% for the remained of the terms, each less than 10 years left, for no costs, just a two page amendment to the existing loan paperwork.

this was Thursday I inquired, signed the papers Friday morning.

just saved me about $1500/ month in payments.

 

[ssj4sadie]

Missed the boat on refinancing for now. Lenders are so slammed most have jacked rates back up to slow the flow of refinance applications. I could see them going back down if the economy tanks.

MF’er! And this is why I don’t throw money in the stock market. For investments/money shit if it wasn’t for bad luck, I wouldn’t have any luck at all.

 

[me32]

Missed the boat on refinancing for now. Lenders are so slammed most have jacked rates back up to slow the flow of refinance applications. I could see them going back down if the economy tanks.

You must have a limited amount of lenders in your area. Keep looking there are plenty out there.

 

[noco5.0]

You must have a limited amount of lenders in your area. Keep looking there are plenty out there.

I actually locked at a low rate. I was letting the OP know they had gone back up. There probably are some lenders who are lower. Mortgage News Daily shows the average for a 30 year back at 4 percent.

Daily Mortgage Rate Survey

• 30YR
  4.00%
  (+0.38%)
• 15YR
  3.50%
  (+0.25%)
• FHA30YR
  3.75%
  (+0.50%)
• Jumbo30YR
  3.75%
  (+0.05%)
• 5/1ARM
  3.25%
  (+0.50%)

 

[ON D BIT]

Rates will go down again. Italy just posted 350+ dead in 24 hours. They have 1/5 the population and are 2 weeks in front of the states.

I would refinance to a 15 fixed and 2.x apr.

 

[noco5.0]

The Fed just announced they were buying mortgage backed securities. Rates should go back down.

 

[bigmoose]

I'm going with a 15yr @2.125%. however this requires 2 points. Worth it in the long term vs 2.5% with no points...offer at the time anyway.

 

[ON D BIT]

Trump 'very happy' as Fed cuts rates to near zero

 

[rborden]

Have been mulling it over for a couple months and I think now is a good time. Have been in this house for almost 2 years with a 4.5% APR, so I should definitely be able to get a lower rate.

What rates are you guys seeing out there? I would be going for a 30 year VA refinance.

I’d wait till this coronavirus bullshit blows over.

Rates just went up to 4.17%. Once it dies down I think you can do better.

 

[jeffh81]

Refinance and buy Raptor mods with the money saved

 

[PhoenixM3]

Not residential but commercial, I called my bank and asked about the lower rates, my business has three loans combined over $1 mill at 4.25%.

they voluntarily offered me 3.5% for the remained of the terms, each less than 10 years left, for no costs, just a two page amendment to the existing loan paperwork.

this was Thursday I inquired, signed the papers Friday morning.

just saved me about $1500/ month in payments.

That’s an awesome deal.

 

[tones_RS3]

Refinance and buy Raptor mods with the money saved

Or,....an Audi RS3.
LMFAO

 

[jeffh81]

Or,....an Audi RS3.
LMFAO

View attachment 1628547

Lmao. He lives out by areas that he could exploit a built up Raptor. That RS3 would just sit

 

[tones_RS3]

Lmao. He lives out by areas that he could exploit a built up Raptor. That RS3 would just sit

Oh,........I was talking about me.
LOL