Author Topic: How low can we go? 30 yr fixed at 3.75% with no fees...  (Read 432913 times)

0 Members and 2 Guests are viewing this topic.

Offline TCT

  • Tourist
  • *
  • Thanks
  • -Given: 0
  • -Received: 1
  • Posts: 35
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1980 on: August 15, 2019, 01:19:23 PM »
Considering this is a quote for an attached condo how does 3.75 with about 2k back in rebate sound?

10% down, high credit scores.

Sounds pretty good. You can always refi if the rates do get much lower in a future so if you're approved and really like the home, then go for it. I know you're getting a deal you want from the builder lender, but I still would recommend resales from SG, EW or WD if possible.

We just didn’t really like those areas for some reason or another. Could be the house layout, proximity to neighbors being basically an attached condo, terrible parking setups. Little things like laundry isn’t he garage was basically a hard pass for my wife. Out of everything my wife liked the design on carissa/Brisa the most, specifically the end units.

You know how it goes. Sometimes if you wait, the deal is gone.

Deal has actually gotten a bit better as of today. Money back up to now over $2k at 3.75%. Rates seem like they won’t move unless things change drastically soon as it’s some separate program US bank has with Cal Pacific where they don’t ding you for being an attached condo. They also did mention refi later in the year at no cost of rates do drop significantly.

Offline eyephone

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 355
  • -Received: 606
  • Posts: 10914
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1981 on: August 15, 2019, 01:23:48 PM »
All it takes is a deal with China and rates might go back up.

Offline USCTrojanCPA

  • Your CPA Realtor
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2162
  • -Received: 1688
  • Posts: 8375
  • Gender: Male
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1982 on: August 15, 2019, 01:25:52 PM »
My banks rates just dropped to 3.5% for refinance with 1 point.

Never pay points to refi.
Martin Mania, CPA
AgencyOne
CA BRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

Offline USCTrojanCPA

  • Your CPA Realtor
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2162
  • -Received: 1688
  • Posts: 8375
  • Gender: Male
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1983 on: August 15, 2019, 01:28:29 PM »
All it takes is a deal with China and rates might go back up.

10-year bond rate is heading towards 1% this year.  How will lenders adjust for that with mortgage rates is anyone's guess.
Martin Mania, CPA
AgencyOne
CA BRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

Offline eyephone

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 355
  • -Received: 606
  • Posts: 10914
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1984 on: August 15, 2019, 02:07:19 PM »
All it takes is a deal with China and rates might go back up.

10-year bond rate is heading towards 1% this year.  How will lenders adjust for that with mortgage rates is anyone's guess.

Who knows? All it takes a trade deal, a big rate cut by the fed, and other countries not go into a recession. (from the articles and data I read the world economy is not looking good)

But you have a point, interest rates might go lower
« Last Edit: August 15, 2019, 02:13:02 PM by eyephone »

Offline marmott

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 24
  • -Received: 53
  • Posts: 250
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1985 on: August 15, 2019, 07:01:08 PM »
Just locked a refi at 3.00% for a 5/1 no point no cost with USBank earlier this week. They were overing around 3.125/3.250% the last few weeks.

Since we bought in Dec 2018 we went from 3.875% to 3.50% in May and now 3.00%. Not sure it’s going to get much better than this for a while.

The only way would be to park a bunch of money at one bank which we don’t do. The USBank rate should be reproduceable, we don’t even bank with them (but we have USC’s special contact  ;D).

The following member(s) thanked this post:


Offline Irvinehomeseeker

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 37
  • -Received: 19
  • Posts: 204
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1986 on: August 15, 2019, 07:49:50 PM »
I am working with Owning.com. Their refinance is zero cost. Rates are great and process seems very simple. Not so much docs to submit....unlike Wells Fargo where for the loan and refi I had to explain so many transactions in my bank account. Lets see how it goes in a week time.

Offline Irvinehomeseeker

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 37
  • -Received: 19
  • Posts: 204
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1987 on: August 15, 2019, 07:56:51 PM »
Just locked a refi at 3.00% for a 5/1 no point no cost with USBank earlier this week. They were overing around 3.125/3.250% the last few weeks.

Since we bought in Dec 2018 we went from 3.875% to 3.50% in May and now 3.00%. Not sure it’s going to get much better than this for a while.

The only way would be to park a bunch of money at one bank which we don’t do. The USBank rate should be reproduceable, we don’t even bank with them (but we have USC’s special contact  ;D).
Thats a great rate...I don't see it advertised on their website.

Owning is offering 3.5% for High Balance loan 30 yr fixed.

Offline Irvinehomeseeker

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 37
  • -Received: 19
  • Posts: 204
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1988 on: August 21, 2019, 04:36:35 PM »
Closed smoothly with owning with zero closing costs in 2 weeks. Very good process and not so heavy on bank transactions, reserve requirements etc.

The following member(s) thanked this post:


Offline woodburyowner

  • O.C. Resident
  • ***
  • Thanks
  • -Given: 62
  • -Received: 130
  • Posts: 908
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1989 on: August 21, 2019, 09:26:36 PM »
Closed smoothly with owning with zero closing costs in 2 weeks. Very good process and not so heavy on bank transactions, reserve requirements etc.

Owning does offer some great rates on conforming loans.  Beats my usual go to sources - Provident, Box, Better, and Aim.

I wonder how the 21 day close guarantee works.  What happens if I slow play all the document requests?  21 days goes by pretty fast.



Offline irvinehomeowner

  • The Unicorn Hunter
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2204
  • -Received: 3588
  • Posts: 20805
  • 3CWG
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1990 on: September 10, 2019, 06:57:51 AM »
On ESPN710, owning.com is advertising a fixed 30-year at 3.25%, didn't say if it was jumbo or not.

Their kicker is that the APR is also 3.25% which is supposed to indicate a true no-cost loan/refi.
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
member: Soylent Green Is People (loans/refis)

Offline Irvinehomeseeker

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 37
  • -Received: 19
  • Posts: 204
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1991 on: September 10, 2019, 08:05:58 AM »
Its for loans upto 485K...truely no cost based on my experience, and super fast closing (atleast for me. 15 days)

Offline irvinehomeowner

  • The Unicorn Hunter
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2204
  • -Received: 3588
  • Posts: 20805
  • 3CWG
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1992 on: September 10, 2019, 08:25:50 AM »
Don't jumbos get a better rate than conforming? Their website doesn't show a jumbo rate (and it currently shows the 485k as 3.375%).

I never visited their site before but it looks like they do buy/sell realtor services too.
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
member: Soylent Green Is People (loans/refis)

Offline jamesKirk

  • Tourist
  • *
  • Thanks
  • -Given: 0
  • -Received: 11
  • Posts: 65
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1993 on: September 10, 2019, 12:48:50 PM »
Don't jumbos get a better rate than conforming? Their website doesn't show a jumbo rate (and it currently shows the 485k as 3.375%).

I never visited their site before but it looks like they do buy/sell realtor services too.

We were quoted higher rates for any loan over the conforming amount.Usually was just and eighth though. I’m not sure about owning.com though.

Offline Lallo

  • Tourist
  • *
  • Thanks
  • -Given: 0
  • -Received: 7
  • Posts: 39
Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1994 on: September 20, 2019, 01:02:36 AM »
Can someone send  me some referrals for refinancing. Looking to refinance from a 4.375 rate. It may not be worth it yet but I’d like to be ready if the opportunity arises. Thanks.

 

Talk Irvine Links

[Recent Posts]
[FAQ / Rules]

Site Supporters



Related Links

Recent Posts