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Re: Mortgage refi
wish i could get that rate. i just did a home equity this morning at 15 yrs and 4.25% , which may be adjusted in 3 yrs. no closing and at anytime i could convert to a conventional loan if things get too high in regards to arm rate. this was a 2nd home down at wilmington,nc 15 minutes from beach and same to the city. looking toward retirement in 2.5 yrs.2.375% dammmmmmmm gurl you got it like that! keep on keepin on....
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Re: Mortgage refi
I refi'd a few years ago at 15/yr @ 4 7/8%. I thought they couldn't go any lower. :rolleyes:
The interest is so low that I don't even itemize on my taxes anymore.
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Re: Mortgage refi
What's the deal with the HARP program. It was on cnbc this morning. Apparently, there are reduced fees? Not sure.
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Re: Mortgage refi
In 2008 I went back to a 30yr fixed at 5.7% after being on an ARM for about 5 years to help fund my kid's college. I am now looking into a 15yr fixed at 3.7%. They want one point and will charge $1k. The payment would increase by about $250. But I also just got a break on my windstorm insurance worth $140/mo so I am really attracted to this.
I will decide in Feb 12 after I get my annual escrow statement. Rates are at their low for the previous 12 months, it looks like, so I can hope for 3.5% if they continue to slide. The home would have to appraise, though, to abate PMI.
I got these numbers from PHH who owns my current note.