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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (168757)12/3/2008 4:04:49 PM
From: tejekRespond to of 306849
 
My mortgage broker called yesterday and quoted me a 5.12% rate.....if it holds, I will refi.

What's your rate/term now?

6%. I actually will want 5% or lower. The rule of thumb is if you're staying in your house for 5 more years, then you refi every time the rate drops a percentage point. It will be worth your while.



To: Paul Kern who wrote (168757)12/3/2008 4:25:16 PM
From: bull_dozerRead Replies (3) | Respond to of 306849
 
One of my friends is refinancing a jumbo 30y fixed at 5 3/8 % ( 0 cost / 0 points ) from 5.5 %. He started with 7 1/8% ( 30y fixed) a few years back.



To: Paul Kern who wrote (168757)12/3/2008 5:52:12 PM
From: energyplayRespond to of 306849
 
Don't close until you see the offer from Bail-out Hank and Helicopter Ben !!! They will not be undersold !

We should find out soon if the Treasury deal is real.


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