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Classifieds & Organizations => Sponsor Classifieds => Topic started by: pianoman9701 on April 04, 2025, 02:47:50 PM

Title: Good time to refinance
Post by: pianoman9701 on April 04, 2025, 02:47:50 PM: Bad days in the market are good days for bonds. Good days for bonds are normally great days for mortgage rates. Rates have been dropping. If you need to consolidate debt, have a project you want to complete this summer, or even want a down payment to purchase a second home or rental, this might be just the right time to refinance or get a second mortgage. Call me and we'll play with the numbers.
Title: Re: Good time to refinance
Post by: Rat44 on April 05, 2025, 09:07:27 AM: I bought my house at the worst of the housing crunch couple of years ago.
Over paid for the house but got 2.6 % loan.
Tired of all these phone calls trying to get me to refie.
Don't think the rates are going to get any lower than what I have.
Scary to think about the younger families trying to buy their first house. :(
Title: Re: Good time to refinance
Post by: tracksoup on April 05, 2025, 11:49:01 AM: What are the rates now?
I’ve heard they’ve come however still seems aways from the 2-3 % column.
Title: Re: Good time to refinance
Post by: pianoman9701 on April 05, 2025, 03:07:28 PM: Quote from: tracksoup on April 05, 2025, 11:49:01 AM
What are the rates now?
I’ve heard they’ve come however still seems aways from the 2-3 % column.

An actual note rate is determined by over a dozen factors - fico, loan size, debt to income, loan to value, term. etc. If you want to run some numbers, figure out what you want to do and send me a message or call. 360-771-1914. 2-3% is a no just yet.
Title: Re: Good time to refinance
Post by: jrebel on April 05, 2025, 03:41:17 PM: Quote from: tracksoup on April 05, 2025, 11:49:01 AM
What are the rates now?
I’ve heard they’ve come however still seems aways from the 2-3 % column.

Between 5.5 and 6.5%. I assume if you want to pay out the nose, you can buy points and lower that rate a bit.
Title: Re: Good time to refinance
Post by: Magnum_Willys on April 06, 2025, 07:00:33 AM: Quote from: tracksoup on April 05, 2025, 11:49:01 AM
What are the rates now?
I’ve heard they’ve come however still seems aways from the 2-3 % column.
National average 6.72% today. Hopefully we never see 2.5% rates again or things would have to be very bad. I’m sitting on a 2.5% one I plan on dying with - free money !
Title: Re: Good time to refinance
Post by: boneaddict on April 06, 2025, 08:01:38 AM: I was going to comment about the rates, but then I realized this was in the classifieds. Good luck P Man. Thanks for being available for anyone that is in the situation that warrants this.
Title: Re: Good time to refinance
Post by: pianoman9701 on April 06, 2025, 11:48:50 AM: Quote from: jrebel on April 05, 2025, 03:41:17 PM
Quote from: tracksoup on April 05, 2025, 11:49:01 AM
What are the rates now?
I’ve heard they’ve come however still seems aways from the 2-3 % column.

Between 5.5 and 6.5%. I assume if you want to pay out the nose, you can buy points and lower that rate a bit.
Quote from: Magnum_Willys on April 06, 2025, 07:00:33 AM
Quote from: tracksoup on April 05, 2025, 11:49:01 AM
What are the rates now?
I’ve heard they’ve come however still seems aways from the 2-3 % column.
National average 6.72% today. Hopefully we never see 2.5% rates again or things would have to be very bad. I’m sitting on a 2.5% one I plan on dying with - free money !

That's a pretty wide spread and that's because the ones quoting those rates are targeting specific groups of people. As I said, a lot goes into what YOUR rate is going to be. And I doubt we'll ever see 2.5% again. At that time, the Fed was actually moving money for 0% to the lenders because Covid has hit so hard.