PSA - Mortgage Rates are DOWN

off-topic conversation unrelated to Jane's Addiction
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mockbee
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Re: PSA - Mortgage Rates are DOWN

#41 Post by mockbee » Sun Feb 02, 2020 9:47 am

clickie wrote:
Sun Feb 02, 2020 8:21 am
What's the history on this slanty eyed bastard?
Image
That roof was meant to be a landing pad for Daley back in the day. The contract got pulled for the union steelworkers halfway through the job, so they quit. They only had budget to finish one side so they made it into a diamond shape.

:noclue:

clickie
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Re: PSA - Mortgage Rates are DOWN

#42 Post by clickie » Sun Feb 02, 2020 11:29 am

That's interesting

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mockbee
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Re: PSA - Mortgage Rates are DOWN

#43 Post by mockbee » Sun Feb 02, 2020 12:49 pm

Don't tell anybody that though.

It's complete bunk.

:lol:

Juana
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Re: PSA - Mortgage Rates are DOWN

#44 Post by Juana » Thu Feb 13, 2020 11:01 pm

Not really worried about mortgage rates but what I am worried about are property taxes out here with a lot of people moving here. Don't mind the growth and they're nothing like the house I was left in CA but fuck a 150% increase in 2 years is insane to me.

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mockbee
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Re: PSA - Mortgage Rates are DOWN

#45 Post by mockbee » Tue Dec 22, 2020 10:16 am

Wow. Just locked 2.50% APR for a 30 yr fixed refinance. Knocked off about a percent and a half! :banana:

Too bad I don't owe more on the mortgage.... :lol:


I was lazy this summer and never got around to refinancing. Procrastination pays off.... :hehe:

Hokahey
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Re: PSA - Mortgage Rates are DOWN

#46 Post by Hokahey » Tue Dec 22, 2020 5:52 pm

mockbee wrote:
Tue Dec 22, 2020 10:16 am
Wow. Just locked 2.50% APR for a 30 yr fixed refinance. Knocked off about a percent and a half! :banana:

Too bad I don't owe more on the mortgage.... :lol:


I was lazy this summer and never got around to refinancing. Procrastination pays off.... :hehe:
And you must be paying points on that, and/or getting raped on fees. PM me if you want an honest review.

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mockbee
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Re: PSA - Mortgage Rates are DOWN

#47 Post by mockbee » Tue Dec 22, 2020 6:09 pm

2.500%
1% Cost for the rate =$1,480
$585 Principal & Interest portion of payment

2.625%
.50% Cost for the rate = $740
$594 Principal & Interest portion of payment

2.750%
.125 Credit back towards the closing costs = -$185
$604 Principal & Interest portion of payment
These were the quotes I could choose from. I actually picked the 2.625% over the 2.5%. It costed out over time about the same, but just liked the lower cost for the rate. The 2.750% was an extra +$4,000 over the course of the loan, so that didn't make sense.

It's a Credit Union I am moving my money to as well, so even if I could get the $740 knocked down somewhere else, I'm good with it. :noclue:

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Re: PSA - Mortgage Rates are DOWN

#48 Post by creep » Tue Dec 22, 2020 6:20 pm

A few months ago i refinanced @ 2.75 for a total cost of $995 (no 3rd party fees). might be a little lower now but i'm fine with that. :noclue:

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mockbee
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Re: PSA - Mortgage Rates are DOWN

#49 Post by mockbee » Tue Dec 22, 2020 6:29 pm

If I did 2.75%, it would have been $365 total with all closing costs + fees (get money back!)

Rates are crazy low right now.... :cool:

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