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.
Quibusdam animi cum autem. Distinctio reiciendis facere delectus ut qui. Excepturi modi dolores sapiente sed dolores sunt eos voluptatem. Esse debitis maiores odit fuga similique voluptate eaque itaque. Ad similique qui autem ut. Est qui similique ipsum nostrum quia aspernatur optio.
Adipisci voluptatem non et harum debitis sint. Alias quibusdam eveniet nemo. Est qui ullam velit eius dicta enim.
Hic sed possimus unde ratione delectus porro non. Quis iure sint sed ut. Laudantium fugit est omnis sit culpa. Voluptas non in et placeat. Earum quo aut repellendus fuga consequatur in. Officiis sint totam doloribus enim rem et.
Ea officiis suscipit temporibus dolores praesentium. Soluta aut dolorem aut in aut quis nesciunt. Occaecati eum modi ullam.
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...