Author Topic: How low can we go? 30 yr fixed at 3.75% with no fees...  (Read 391719 times)

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Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1830 on: April 18, 2019, 03:30:11 PM »
I think you guys basically nailed the bottom.  I think rates for the 7-year ARM were around 2.75-2.875% at the time.
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Offline fortune11

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1831 on: April 18, 2019, 03:45:32 PM »
I think you guys basically nailed the bottom.  I think rates for the 7-year ARM were around 2.75-2.875% at the time.

Yes three weeks ago was the bottom . Thanks to qwerty et al for flagging it .

But ... you may get another shot at this .. wait for FOMC in June , people will be surprised at what happens

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Offline bones

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1832 on: April 18, 2019, 05:15:44 PM »
I think you guys basically nailed the bottom.  I think rates for the 7-year ARM were around 2.75-2.875% at the time.

QWERTY likes to nail things.
Sorry. Couldn’t resist.
But yea, looks like it was the bottom. For now.
USC - I got quoted 2.875% for the 7/1.

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Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1833 on: April 18, 2019, 06:08:39 PM »
I think you guys basically nailed the bottom.  I think rates for the 7-year ARM were around 2.75-2.875% at the time.

QWERTY likes to nail things.
Sorry. Couldn’t resist.
But yea, looks like it was the bottom. For now.
USC - I got quoted 2.875% for the 7/1.


Haha  I'd bet good money that I'll be able to refi within 2-3 years on a sub 3% 7-year ARM rate.
Martin Mania, CPA
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Offline irvinehomeowner

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1834 on: April 19, 2019, 07:12:49 AM »
I'm closing on my refi next week.  Pretty easy process.

Is this relatively speaking?

Was it more lenient or less lenient than 10 years ago (I think you bought back then too)?
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Offline qwerty

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1835 on: April 19, 2019, 09:57:04 AM »
I'm closing on my refi next week.  Pretty easy process.

Is this relatively speaking?

Was it more lenient or less lenient than 10 years ago (I think you bought back then too)?

It was straight forward. 2017 and 2018 w2s, last two pay stubs, two months of bank statements, sign various documents online, appraiser comes out, a letter of explanations for some deposits and sign the loan docs next week.

Offline eyephone

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1836 on: April 19, 2019, 10:05:50 AM »
I'm closing on my refi next week.  Pretty easy process.

Is this relatively speaking?

Was it more lenient or less lenient than 10 years ago (I think you bought back then too)?

It was straight forward. 2017 and 2018 w2s, last two pay stubs, two months of bank statements, sign various documents online, appraiser comes out, a letter of explanations for some deposits and sign the loan docs next week.

Key words explanation for some deposits
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Offline irvinehomeowner

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1837 on: April 19, 2019, 12:24:17 PM »
I'm closing on my refi next week.  Pretty easy process.

Is this relatively speaking?

Was it more lenient or less lenient than 10 years ago (I think you bought back then too)?

It was straight forward. 2017 and 2018 w2s, last two pay stubs, two months of bank statements, sign various documents online, appraiser comes out, a letter of explanations for some deposits and sign the loan docs next week.

Sure... but what about 10 years ago?

From what I remember, appraiser didn't even go into the house, just a drive-by... and no letters of explanation needed. :)
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Offline qwerty

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1838 on: April 19, 2019, 12:59:10 PM »
I'm closing on my refi next week.  Pretty easy process.

Is this relatively speaking?

Was it more lenient or less lenient than 10 years ago (I think you bought back then too)?

It was straight forward. 2017 and 2018 w2s, last two pay stubs, two months of bank statements, sign various documents online, appraiser comes out, a letter of explanations for some deposits and sign the loan docs next week.

Key words explanation for some deposits
(Baller status)  8)

Bonus season :-)

Offline eyephone

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1839 on: April 19, 2019, 01:14:34 PM »
I'm closing on my refi next week.  Pretty easy process.

Is this relatively speaking?

Was it more lenient or less lenient than 10 years ago (I think you bought back then too)?

It was straight forward. 2017 and 2018 w2s, last two pay stubs, two months of bank statements, sign various documents online, appraiser comes out, a letter of explanations for some deposits and sign the loan docs next week.

Key words explanation for some deposits
(Baller status)  8)

Bonus season :-)

I was guessing that or consulting on the side.

Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1840 on: April 19, 2019, 06:52:00 PM »
Qwerty has a side hustle going on.  haha
Martin Mania, CPA
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Offline eyephone

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1841 on: April 24, 2019, 04:01:25 PM »
Qwerty has a side hustle going on.  haha

What can I say? He’s a dedicated worker that exceeds expectations. As such he got a big bonus.

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Offline OCtoSV

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1842 on: April 29, 2019, 11:04:25 AM »
I confirmed with Chase that going private client with $250K minimum in assets to move can yield a refinance of a 30 yr jumbo fixed @3.75% down to a jumbo 5/1 @ 2.625. Would you take that deal if I plan to own the property >10 more years?

Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1843 on: April 29, 2019, 11:21:09 PM »
I confirmed with Chase that going private client with $250K minimum in assets to move can yield a refinance of a 30 yr jumbo fixed @3.75% down to a jumbo 5/1 @ 2.625. Would you take that deal if I plan to own the property >10 more years?

What are they offering on the 7 or 10 year ARM?
Martin Mania, CPA
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Offline OCtoSV

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #1844 on: April 30, 2019, 11:35:53 AM »
I confirmed with Chase that going private client with $250K minimum in assets to move can yield a refinance of a 30 yr jumbo fixed @3.75% down to a jumbo 5/1 @ 2.625. Would you take that deal if I plan to own the property >10 more years?

What are they offering on the 7 or 10 year ARM?
I did not inquire on 7/1 and 10/1. What are you seeing?

 

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