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02-28-2008, 01:55 PM
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Member
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Join Date: Feb 2008
Location: Earth
67 posts, read 52,416 times
Reputation: 19
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What's your interest rate?
Hi guys.
I got an unbelievable interest rate but I wanted to see if thats normal or do others have lower?.....just want to educate myself.
I was paying 6.2% fixed for 15yrs but a year later I re-did my loan and its now 4.875% fixed for 15yrs.
Is that good or have you guys/gals seen lower?
typical?
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02-28-2008, 02:13 PM
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Senior Member
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Join Date: Jan 2008
372 posts, read 210,493 times
Reputation: 104
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I closed last week on a refi for 30 years at 4.875% fixed, for my personal residence. I had to pay two points, which worked out when I considered how long I anticipate holding the property, and that I don't plan on paying down early with that low of a rate.
For an investment property, I'm in the process of closing on a 30 year 5.75% for a non owner occ. duplex.
A buddy of mine in the NY metro area just closed on a 30 year 5.325% for his condo with no points.
Last edited by DasNootz; 02-28-2008 at 02:47 PM..
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02-28-2008, 02:43 PM
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Senior Member
Status:
"seize the day!"
(set 23 days ago)
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Join Date: Oct 2007
Location: New York City
1,836 posts, read 802,791 times
Reputation: 341
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Quote:
Originally Posted by DasNootz
A buddy of mine in the NY metro area just closed on a 30 year 5.325% for his condo with no points.
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fixed? what bank? was it 20% down? |
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02-28-2008, 02:46 PM
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Senior Member
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Join Date: Jan 2008
372 posts, read 210,493 times
Reputation: 104
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It was fixed, and I believe he had 20% down. I believe he went through Citibank.
He just closed on it, and I think he locked in over a month ago.
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02-28-2008, 03:13 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,703,192 times
Reputation: 673
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5.375% could've been locked in like 3weeks ago.
Today it's around 5.5%-5.625%
Last edited by renriq02; 02-28-2008 at 03:49 PM..
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02-28-2008, 03:35 PM
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I have no idea !!!
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Join Date: Feb 2007
Location: Hillsborough, NJ
511 posts, read 401,283 times
Reputation: 305
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5.375%, no points, closing tomorrow.  |
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02-28-2008, 04:37 PM
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Senior Member
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Join Date: Apr 2007
108 posts, read 62,578 times
Reputation: 109
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We just locked in and we got 6.0%. We filed brankruptcy less that a year ago. We have to wait to close until it has been 1 yr and 1 day from our discharged date. We will close the end of April. We only had to put 4% down. Seller is paying 100% of our closing costs. I guess not to bad with our credit history.
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02-28-2008, 04:39 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,703,192 times
Reputation: 673
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yea with FHA you can do 1yr from chapter 13 discharged...and get a 5.5% rate. (5.5 today) it was like 5.875-6 yesterday
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02-29-2008, 11:05 AM
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Member
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Join Date: Aug 2007
26 posts, read 26,784 times
Reputation: 16
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Quote:
Originally Posted by Sheed
Hi guys.
I got an unbelievable interest rate but I wanted to see if thats normal or do others have lower?.....just want to educate myself.
I was paying 6.2% fixed for 15yrs but a year later I re-did my loan and its now 4.875% fixed for 15yrs.
Is that good or have you guys/gals seen lower?
typical?
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Can you please let us know who the lender was ? |
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02-29-2008, 11:08 AM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,703,192 times
Reputation: 673
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current rates for today are 4.875% on a 15yr fixed
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