is a refi a good option now or wait?
30 year fixed rate mortgage currently at at 5.63 % for 235k. Should i look into a refi now or will rates continue to drop by jasons39 from San Dimas, California. Dec 8th 2010
Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions
I would wait til the first of the year. There has been a run-up in rates the last two weeks due to the tax credit deal in Congress being supported and this has caused the investors to pull their money out of treasury bonds and put it into the stock market.This has caused a negative for long-term mortgage rates and I think with all the bad news still out there, rates will trend back down the first of the year.kentuckyloan.blogspot.com
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
I suggest you start the process now. ... Your loan will probably take around 45 days to fund. ... You can lock in your rate usually anytime before 10 days of anticipated closing. ... Happy funding, Rudi
Ask our community a question.
Get an answer
Related Questions
