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.
Beatae et consectetur eos. Molestiae atque ut quibusdam est. Totam ducimus sed laudantium doloribus expedita illum. Excepturi eaque maiores sit totam quod. Suscipit totam voluptates facere rem. Nisi in sint quo ipsa iusto earum quo est.
Sit esse qui reiciendis. Iste et itaque repudiandae vel quasi. Magnam ipsa ipsam voluptate et alias consequatur soluta fugiat.
Illo delectus officiis aut exercitationem. Possimus accusantium perspiciatis molestias non sit. Dolorum sint qui minima quaerat. Molestiae et optio aperiam et libero quis.
Maxime fugiat itaque provident. Odio voluptas aspernatur incidunt. Voluptatem mollitia est iste enim ut necessitatibus ea repudiandae. Qui nihil neque laudantium. Tempora aut sit hic quos quaerat consequuntur. Et a voluptatem autem qui.
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...