What's your rate?

[Swissy]

I'm with Doc.... 0.0% paid in full!

 

[Ludwig]

I'm with Doc.... 0.0% paid in full!

Damn you guys are old....did you start payments in 1942? :sign:

 

[cajunblaze]

Remember brothers, closing cost can and are negotiable. If you are not satisfied with the cost, shop around.

Rich

 

[grateful1]

I am actually looking as we speak at selling my town home and buying a single family. I was quoted 5.00 today on a 30yr fixed. i was hoping for lower as i heard they would be in the 4s. I have damn good credit so I am wondering the same thing. Should I be able to get lower?

Damon

I was told if I pay a point(1% of loan) then they will take .25 off the interest rate.

I have heard of paying a loan down before. I guess you have to figure would the 1% up front offset over the live of the loan in savings. What is killing my is these closing costs they showed me. I dont remember it being this bad last time as far as closing costs.

Good point.

 

[Gunpowder]

My house is provided by my employer. That way I am always at work I don't get any retirement (not that it would matter these days).

For my retirement home, I have my eye on a bridge down the road. That is if my my plan for a freak baler or chainsaw accident doesn't work out first ???

 

[jayro75]

Closed last May at 5.9% for a 30 year fixed. Just locked in my refinancing the other day at 4.85% no closing costs. Not a bad reduction in less than a year.

 

[mu mike]

I'm currently at 5.625 but have thought about refinancing. Current rates are 5.0% for a 30 year and 4.85% for a 15 year. I'd like to save a point and am waiting until it goes down a bit further.