I did last November/December and got down to a 3.125% on a 15 year.

Jan 14, 2021
4:01:16pm

gmj81 All-American

I'm wondering how much lower it can get and if it's even worth it with closing costs. Especially when I'm attempting to pay down the 15 year faster. At a certain point, it seems like there is a diminishing return.

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gmj81

Bio page: gmj81
Joined: Mar 5, 2007
Last login: May 23, 2024
Total posts: 6,411 (19 FO)

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Messages

Author

Time

If you haven’t refinanced in the last year, I’d highly suggest getting a quote

conetah

1/14/21 3:29pm

What if I have refinanced in the last year?

WhirleyPop

1/14/21 3:30pm

Never hurts to ask. Just depends on your rate.

conetah

1/14/21 3:38pm

I refinanced last March and then again in December. Saved an extra $180/month on

kos

1/14/21 4:49pm

I re-financed this week at 2.25

UpperCirqueUte

1/14/21 3:31pm

What was the term?

RexIdaCoug

1/14/21 3:32pm

15 years. 10 year rate was actually higher.

UpperCirqueUte

1/14/21 3:33pm

I refinanced 6 months ago -

Eddie

1/14/21 3:32pm

I did last November/December and got down to a 3.125% on a 15 year.

gmj81

1/14/21 4:01pm

It could but I'd expect 2.5% depending on credit.

conetah

1/14/21 4:08pm

Wait, you're saying they're going to drop again? Already free money...2.25%..

ABN RGR

1/14/21 4:07pm

30 Yr. Conventional is at 2.79%.

conetah

1/14/21 4:11pm

What VA rates are you seeing?

ABN RGR

1/14/21 6:25pm

Closed yesterday on a 30 year no cost at 2.875%

rggee

1/14/21 4:10pm

Closing tomorrow on a rental property at that rate.

BPintheCouv

1/14/21 4:12pm

Yeah would love to know who is doing a no cost refinance on rental

NVblue

1/14/21 4:24pm

Sorry. Got all in on the refi but mine was a purchase. Need to do refi on home.

BPintheCouv

1/14/21 4:50pm

Aarun Rumbaugh at Fairview mortgage-Draper helped us on ours. Highly recommend

MrTootles

1/14/21 7:32pm

They can get them done fast too

MrTootles

1/14/21 7:33pm

Who does them for no cost?

pinolero

1/14/21 4:14pm

BM mulletino. He got me mine

rggee

1/14/21 6:43pm

I closed at that rate at no cost back in Sept

cambo

1/14/21 4:23pm

Who did you go through? What exactly does no cost mean, no closing cost?

pinolero

1/14/21 6:18pm

Correct, no closing costs

rggee

1/14/21 6:43pm

Like rggee said, no closing costs that you pay out of pocket at

kos

1/14/21 8:15pm

I’m in the process. Had to close out a rental and then on to my personal. Wish

BPintheCouv

1/14/21 4:14pm

I refinanced to a 2.625% on a 15 year by paying points in fall 2019

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