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Originally Posted by Joekerr
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Originally Posted by roastbeef
i just got a rough quote for my primary residence for a refi at 3.1%, i'm even having my dude run my rentals. this panic is great! win in the ups, and win in the downs.
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Originally Posted by hooligan_COLD
Yep, ~3% APRs for 30-yr fixed does NOT shout "greatest economy ever!".
Lock in now, they really can't go much lower.
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Originally Posted by corn18
Huh? The 3.125%, 30 year fixed is conforming @ about 27% down.
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So help a non american out - does that mean you can lock in 3.125% for 30 years? Or is it just that the amortization term is over 30 years, but the rate is good for say...5 years, depending on term selected.
Up here, I just renewed in September 2019 at 2.69% for a 5 year fixed, so I was pretty happy with that. Took some negotiating and knowing people, but I'm happy with the rate because everyone else was only offering me 2.79-2.89% as their bottom. |
Yes, 3.125% for 30 years fixed. I would have liked to do a 15, but I want the flexibility to pay off my rentals sooner and then use that income to pay extra on the mortgage.