mortgage and refinance (loan officer, fixed rate, interest, 30 year) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

enigma1976 · 07-03-2009, 02:41 PM

just wondering if anyone that has a mortgage refinanced at all lately?

Trogge · 07-03-2009, 03:24 PM

Quote:

Originally Posted by enigma1976

just wondering if anyone that has a mortgage refinanced at all lately?

LOTS of people with rates at record lows.

bluedog2 · 07-03-2009, 05:26 PM

I am in the middle of refinancing an apartment that I bought only a year or so ago.When I bought,the interest rate was 6.25%.I started the process over a month ago when the rates really dropped and locked in a refi at 4.5 % at the time of application. I'll be paying $200/mo less once the loan closes so it is definitely worth the hassle( and expense). Not planning on moving for a long long time so $2,400 a year less is very sweet.

The loan officer at the bank said they are extremely busy...lots of refi's. Appraiser said the same.

enigma1976 · 07-05-2009, 06:46 AM

thats cool...........i was just asking because i just refinanced my house a couple of days ago....i bought my house in decof 2007 with a rate of 6.375% just refinanced it at 4.375%

was just wondering if anyone got a good deal as i did

Trogge · 07-06-2009, 08:21 AM

Quote:

Originally Posted by enigma1976

thats cool...........i was just asking because i just refinanced my house a couple of days ago....i bought my house in decof 2007 with a rate of 6.375% just refinanced it at 4.375%

was just wondering if anyone got a good deal as i did

You were robbed. Most people are in the 3's right now.

cdelena · 07-06-2009, 10:42 AM

Quote:

Originally Posted by Trogge

You were robbed. Most people are in the 3's right now.

Huh? The 30 year fixed rate without buy down is about 5.25 right now.