Looking To Buy a Home or Refinance? ACT NOW!!!

TXSTYLE · 01-08-2015, 12:46 PM

Rates just tumbled to record lows!
Been waiting for this. I'm about to re-fi a couple of our properties.

http://www.bloomberg.com/news/2015-0...tml?cmpid=yhoo

Quote:

U.S. mortgage rates dropped to the lowest level in more than a year and a half as falling oil prices and concerns about the strength of the euro drove investors to the safety of the U.S. government bonds that guide borrowing costs.

The average rate for a 30-year fixed mortgage tumbled to 3.73 percent from 3.87 percent last week, Freddie Mac (FMCC) said in a statement today. The average 15-year rate declined to 3.05 percent from 3.15 percent, the McLean, Virginia-based mortgage-finance company said.

deeLow · 01-08-2015, 01:06 PM

Me and my lady plan to buy soon but our lease doesn't end until June damnit

UncleWede · 01-08-2015, 02:19 PM

I just can't yet find one on my remaining principal that justifies paying the points. I have about 8 years left on 3.875

TXSTYLE · 01-08-2015, 02:26 PM

Quote:

Originally Posted by UncleWede

I just can't yet find one on my remaining principal that justifies paying the points. I have about 8 years left on 3.875

You're good to go bruh!

TXSTYLE · 01-08-2015, 02:29 PM

Quote:

Originally Posted by deeLow

Me and my lady plan to buy soon but our lease doesn't end until June damnit

Although I expect rates to rise, I seriously doubt they will jump more than a point or two. Which is still VERY good.

kevinbahnz · 01-08-2015, 08:27 PM

Damm, Im at 3.25% but I was just trying to refi to get out of PMI but my debt to income ratio is too high.

TXSTYLE · 01-08-2015, 08:36 PM

Quote:

Originally Posted by kevinbahnz

Damm, Im at 3.25% but I was just trying to refi to get out of PMI but my debt to income ratio is too high.

That is a VERY good rate my friend even with PMI. I'd stay put.

zx10guy · 01-08-2015, 09:05 PM

I refi'd my primary residence with a 3.75% rate at 30 years fixed before the summer of 2012. I purchased a vacation home September of 2012 with a 3.25% rate at 30 years fixed. I did do a buy down in points but I can't remember at the moment what it was. I think it was a .5 or .75% buy down. It was only a few hundred to do so and the mortgage company screwed up and quoted me a number lower than it should have been. They honored the mistake though because I had it in writing in an email.

grimlock · 01-09-2015, 03:20 AM

rates never going back up. America is the new Japan..

roastbeef · 01-09-2015, 11:11 AM

I'm at 3.25% fixed.

01-08-2015, 01:06 PM	#2
deeLow DOPE 148 Rep 759 Posts Drives: F80 Join Date: Jan 2014 Location: Earth iTrader: (2)	Me and my lady plan to buy soon but our lease doesn't end until June damnit
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01-08-2015, 02:19 PM	#3
UncleWede Long Time Admirer, First Time Owner 18462 Rep 9,429 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	I just can't yet find one on my remaining principal that justifies paying the points. I have about 8 years left on 3.875
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01-08-2015, 08:27 PM	#6
kevinbahnz Captain 159 Rep 709 Posts Drives: 2008 335xi sedan Join Date: Aug 2008 Location: Ma-NC iTrader: (1)	Damm, Im at 3.25% but I was just trying to refi to get out of PMI but my debt to income ratio is too high. __________________
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01-08-2015, 09:05 PM	#8
zx10guy Brigadier General 5521 Rep 3,332 Posts Drives: 2013 135i Join Date: Feb 2014 Location: DC iTrader: (0)	I refi'd my primary residence with a 3.75% rate at 30 years fixed before the summer of 2012. I purchased a vacation home September of 2012 with a 3.25% rate at 30 years fixed. I did do a buy down in points but I can't remember at the moment what it was. I think it was a .5 or .75% buy down. It was only a few hundred to do so and the mortgage company screwed up and quoted me a number lower than it should have been. They honored the mistake though because I had it in writing in an email.
	Appreciate 0 Quote

01-09-2015, 03:20 AM	#9
grimlock Colonel 723 Rep 2,003 Posts Drives: F10 N52B30@255PS Join Date: Sep 2010 Location: Hong Kong iTrader: (0)	rates never going back up. America is the new Japan..
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01-09-2015, 11:11 AM	#10
roastbeef Lieutenant General 11716 Rep 12,807 Posts Drives: E92 M3 Join Date: Nov 2010 Location: Orange County, CA iTrader: (4)	I'm at 3.25% fixed. __________________ Instagram; @roastbeefmike
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