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Mortgage Rates

Old 01-29-2009, 11:01 AM
  #21  
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Default Re: Mortgage Rates

My HELOC is now 3.000%
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Old 01-29-2009, 11:40 AM
  #22  
gf
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We closed on our refi last week; we ended up with 4.75% fixed for 30 years, no points.
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Old 01-29-2009, 11:47 AM
  #23  
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Wow!!
Who are your lenders?
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Old 01-29-2009, 01:21 PM
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These rates you guys are talking about are crazy. I just did my refi last week and ended up with a 5.5% fixed rate for 30yrs. These rates you guys are taking about is for jumbo loans too or loan amounts less then $300K?
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Old 01-29-2009, 02:18 PM
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I am talking about MUCH LESS than 300k.
undecided to pay off 95k loan or refinance for 7 years at 4.99 (or less, if possible)
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Old 01-29-2009, 02:29 PM
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Default Re: Mortgage Rates

How Much is every body paying in closing costs
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Old 01-29-2009, 02:34 PM
  #27  
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Default Re: Mortgage Rates

SurferGirl - 12/21/2008 2:44 PM

Ray Zor - 12/20/2008 12:08 PM
[...]
Actually, I am strongly considering paying entire note off. I have more than enough in savings to do this.

Thoughts?

I am open to any opinions on this plan.........
Suggest you pay it off.
Depends upon your income and tax situation.
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Old 01-29-2009, 02:59 PM
  #28  
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Rival1 - 1/29/2009 2:29 PM

How Much is every body paying in closing costs
Credit Union will cover all closing cost except $250 admin fee and Appraisal cost, if needed.
4.99% Fixed rate (regardless of credit score)

7 year term


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Old 01-29-2009, 03:23 PM
  #29  
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I refi'd before the Xmas break and got 4.75 for 15 years. If I had waited a couple more days I could have gotten 4.5 for 15 years.
Still a great time to drop your rate if you have good credit scores.
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Old 01-29-2009, 03:40 PM
  #30  
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We just refinaced at 5.5, 15 years. The loan was for 140K, usaa.

USAA Fees
Points $725.00
Loan Processing Fee $600.00
Total USAA Fees $1,325.00

Third Party Fees
Appraisal Fee $315.00
Credit Report $14.00
Tax Related Service Fee $80.00
Attorney fee $400.00
Title Insurance $200.00
Flood Certification Fee $8.00
Total Third Party Fees $1,017.00

Taxes and other Unavoidable Fees
Recording Fee $70.00
Total Taxes and other Unavoidable Fees $70.00


Required Advances
Interest Due at Closing $639.91
Homeowner's Insurance Escrow Deposit $421.80
Real Estate Tax Escrow Deposit $925.83
Total Required Advances $1,987.54


Premium Pricing $0.00
Your New Loan Amount -$145,000.00
Estimated Cash Required at Closing $4,399.54


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Old 01-29-2009, 03:53 PM
  #31  
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My credit union, www.cfefcu.com is at 4.375 for 15 years with 0 points, 0 origination fee. Our first mortgage is a 7 year ARM at 4.625 but the first adjustment is in April, 2010. We also have a HELOC that is prime minus .75 which comes to 2.5% currently. Unless we plan to stay in the house more than 3 years it doesn't really makes sense to refi, but the rates are tempting if we consider the idea of renting it out if we move. Haven't quite decided what to do yet.
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Old 01-29-2009, 04:58 PM
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Anybody refi a jumbo lately??
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Old 01-29-2009, 08:57 PM
  #33  
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Default RE: Mortgage Rates

Topdog52 - 1/29/2009 4:21 PM

These rates you guys are talking about are crazy. I just did my refi last week and ended up with a 5.5% fixed rate for 30yrs. These rates you guys are taking about is for jumbo loans too or loan amounts less then $300K?

Our loan (mentioned above) was for more than $300K but less than the current Fannie Mae jumbo limit of $417,000.

Mortgage rates are regional to a certain degree, not sure why you guys aren't seeing rates below 5.00. Income level, credit rating and loan to value ratio play a factor too, of course.

We stayed with the same local bank that we have used for mortgage financing for the past 12 years. I have financed and re-financed 3 different houses with them over that time.

http://www.saugusbank.com/
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Old 01-30-2009, 07:36 AM
  #34  
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Riffraff2, I just refied last week. We just bought our house in august for $480K at 6.5%. Just refied last week for 5.5%. This is in Jersey and it is with a FHA loan. I had to dish out about $2000.00, but in the long run it will pay off. It felt like a pain in the ars doing this refi or i think it was my guy doing it. I did not pay any points on this as well. Been hearing that the rate is about 5.75% these days.
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Old 01-30-2009, 08:23 AM
  #35  
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was quoted 4.875 about 2 weeks ago on a 30 yr fixed, new purchase.
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Old 01-31-2009, 12:13 PM
  #36  
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4.5 @2 pts or 4.63@ 1.63pts on a 150K refi. I estimate about 5500 closing with about a 2.6 year breakeven. This si to get my payments as low as possible going into retirements. I will never pay off this house, although I could if I wanted to.
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Old 01-31-2009, 06:36 PM
  #37  
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Back-in-Black - 1/30/2009 11:23 AM

was quoted 4.875 about 2 weeks ago on a 30 yr fixed, new purchase.
WHO AND WHERE?!?!?!?! looking to buy a new home and that rate is awesome!!!
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Old 01-31-2009, 06:40 PM
  #38  
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We just locked in 4.65 on a 30 year fixed 300K. Florida.
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Old 01-31-2009, 06:51 PM
  #39  
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Just closed a refi at 5% in MA, local bank. zero points. Will recoup closing costs in 6 mos. If I was alert could have locked a 4.875% 4 days earlier. Loan is not a jumbo.
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Old 01-31-2009, 07:05 PM
  #40  
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OK guys. The question that keeps getting repeated is WHERE????
I see alot of posts with great rates but very few seem to actually post where these incredible rates are coming from.
How about it. Hook a fellow THTer up!
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