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COVID-19
- Thread starter Treetop Flyer
- Start date
Is that a portable vinyl set up? What's the player?
Is this ribbon authorized for dress uniforms?
FormerRecruitingGuru
Making Recruiting Great Again
Espn OCHO is currently being shown on Espn 2.
I had this conversation with a friend who is a mortgage loan officer two days ago and he said short answer no. The mortgage market isn't as immediately affected by Fed interest rate as most people would think. He made it sound like right now is nothing special in the world of mortgage interest rates.
exNavyOffRec
Well-Known Member
I was just talking to my neighbor about this yesterday when I ran into them at the grocery store, they started their refinance 6 weeks ago and finalize it this week. I have been looking at refinancing and the bank I have will refinance at a good rate compared to someone coming to them for a initial mortgage. However I already have a very good rate and by using the mortgage calculators I would only save around 5K in interest for the life of the loan, I will be going over the numbers this week with the bank to see if I should refinance now, later, or not at all.
I mean, two weeks ago I was quoted a 2.75% rate of a 30 year VA Loan with no points buy down (My house should be ready to close in early June). Friday they seemed to jump like crazy- the no points value was at 3.625, and the points buy down to 2.75 was around $6700.
Affirm...the player is a portable Crosley unit that I purchased a few years ago.
I don't think he was denying that rates are low right now, but it sounded like he didn't think they would continue to drastically drop.
I had an opportunity to refi 8 months ago 4.6 to 3% on a 30 year so I jumped on it and haven't really been looking at the market too closely since
Rates suck right as compared to a few weeks ago.
Also in the camp of rate eyers. I close in late May, so my rate lock-in window starts shortly. Was really hoping for sub-3%, but trust my broker to play the game and decide whether to wait a few weeks. I've heard from two other home buyers that their brokers are saying to wait a few weeks for both (a) economy to get worse, and (b) lending company backlogs to clear out. Read a news article that advertised rates artificially increased due to high demand and paperwork backlog.
I got pretty lucky refi'ing a (nearly) brand new 30-year VA from 3.375 (already a good rate) down to 2.75 a few weeks ago. All closing costs credited. Dumb luck.
I almost got the same deal on a new loan (locked in at 2.75 with no fees or points), but the sellers decided that they didn't want to move so they backed out. I'd be closing this week if that happened.