How low can we go? 30 yr fixed at 3.75% with no fees...

[nivas]

Who?s refinancing?  Locked 2.625% 5/1 ARM earlier this week. 70% LTV. Big bank. No cost.

Can you send me the contact? Thanks.

 

[irvinebullhousing]

Don?t worry, some very helpful TI member here will respond ASAP

 

[bones]

Don?t worry, some very helpful TI member here will respond ASAP

oh me?  I'm here!
I read TI differently than most and only use the recent posts link.  And well, we all know what the recent posts are 24/7 here.
Anyway, didn't mortgage rates spike again?
I'm closing on my refi next week.  Pretty easy process.

 

[bones]

Who?s refinancing?  Locked 2.625% 5/1 ARM earlier this week. 70% LTV. Big bank. No cost.

Can you DM your contact? I tried sending DM but it showed that it was blocked

My PMs do not work.

 

[qwerty]

Don?t worry, some very helpful TI member here will respond ASAP

oh me?  I'm here!
I read TI differently than most and only use the recent posts link.  And well, we all know what the recent posts are 24/7 here.
Anyway, didn't mortgage rates spike again?
I'm closing on my refi next week.  Pretty easy process.

Mine is also closing next week.

Thanks again Bones!

 

[irvinebullhousing]

Nice to get a low rate. Nicer to have a deed-burn-party.

 

[usctrojancpa]

Bones and Qwerty, what rate and loan programs did you guys get?  I'm still on my 7-year ARM @ 2.50% with 4 more years left so a bit too early to refi now.

 

[bones]

Bones and Qwerty, what rate and loan programs did you guys get?  I'm still on my 7-year ARM @ 2.50% with 4 more years left so a bit too early to refi now.

5/1 ARM @ 2.625%
I believe QWERTY is doing the same.

 

[usctrojancpa]

Bones and Qwerty, what rate and loan programs did you guys get?  I'm still on my 7-year ARM @ 2.50% with 4 more years left so a bit too early to refi now.

5/1 ARM @ 2.625%
I believe QWERTY is doing the same.

Ahhh, you guys got on the 5-year ARM program....I think I'll be looking to refi in 18-36 months.

 

[qwerty]

Bones and Qwerty, what rate and loan programs did you guys get?  I'm still on my 7-year ARM @ 2.50% with 4 more years left so a bit too early to refi now.

5/1 ARM @ 2.625%
I believe QWERTY is doing the same.

Yeah same here.

 

[usctrojancpa]

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.

 

[fortune11]

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

 

[bones]

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.

 

[usctrojancpa]

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.

 

[irvinehomeowner]

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)?

 

[qwerty]

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.

 

[eyephone]

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)

 

[irvinehomeowner]

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.

 

[qwerty]

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

 

[eyephone]

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.