I would close to to know if the mortgage rates are going down this month?
I heard that the mortgage interest rates are going down this month. I wan to refinance my house...loan amount is $453k, fico score of 640, SFR, no dosh out, full documentation and reserves and my loan to value is 65% . I don't know if I should refinance now or hang about a little bit more. I would like to enjoy more informations about 12/12/07.
Please advise,
Thank you
Answers:
Rates just dropped again, I don't see them getting much lower. I purely changed the advertised rate today to 5.5% on a 30 year fixed; that's not paying any discount points either. I'd say aloud that if you are in a position to refi, get it done ASAP. Just around any broker worth anything can get this done for you so I would not wait to see what happen.
With your 640 Fico and the loan amount over 417k your rate will be higher than the 5.5% obviously, but still at a well brought-up rate. You should get a few quotes to see exactly where you stand. I would donate you one here but it's not allowed.
And ...
The person below me is incorrect. ALL brokers and lenders MUST disclose origination fees vs discount points.
Lines 801 and 802 on your HUD.
That be a completely false statement! Source(s): WeFixRates.Com
When you are quoted rates, make sure that the lender tell you if there are discount points AND loan orig points. Most lenders don't mention the loan orig points.
it definately is the right time, best rates i've see in 2 years!
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Please advise,
Thank you
Answers:
Rates just dropped again, I don't see them getting much lower. I purely changed the advertised rate today to 5.5% on a 30 year fixed; that's not paying any discount points either. I'd say aloud that if you are in a position to refi, get it done ASAP. Just around any broker worth anything can get this done for you so I would not wait to see what happen.
With your 640 Fico and the loan amount over 417k your rate will be higher than the 5.5% obviously, but still at a well brought-up rate. You should get a few quotes to see exactly where you stand. I would donate you one here but it's not allowed.
And ...
The person below me is incorrect. ALL brokers and lenders MUST disclose origination fees vs discount points.
Lines 801 and 802 on your HUD.
That be a completely false statement! Source(s): WeFixRates.Com
When you are quoted rates, make sure that the lender tell you if there are discount points AND loan orig points. Most lenders don't mention the loan orig points.
it definately is the right time, best rates i've see in 2 years!
Related Questions: