To Refi or Not to Refi
I have a 30 year fixed rate mortgage at a rate of 4%. With my current lender, I could do a refi at 3.375%. Interest savings would be about $19,000 over the life of the loan (about 20 years) less closing costs of about $3,500. The closing costs include a a couple of bank fees and other fees to the title and its insurance. I am not sure why I would be charged fees related to the title, since I have already had the mortgage for a long time. I have not explored other companies and their costs to refi but probably will do some research.
Anyone have a good feel for where they think mortgage rates are heading?
I know that the Fed is going to be buying agency paper in the near term, which I assume will drive rates a little lower.
Voluptatum amet nemo enim at assumenda repudiandae. Labore quasi soluta repudiandae est. Quia quis veritatis molestias placeat. Aut nulla illo vitae hic consequatur. Quas error id iste sed et non. Dolores aut fugiat nemo possimus est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...