Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » Do you think that artificial 4.5% mortgage rate will go through? When? Will it count for refinancing?

Do you think that artificial 4.5% mortgage rate will go through? When? Will it count for refinancing?

Do you think that artificial 4.5% mortgage rate will go through? When? Will it count for refinancing?

We’re planning on closing on a house in 12 days and it would be a shame to barely miss out on such a low interest rate.

RELATED POSTS:

  1. What happens after the rate-lock period? I’m in the middle of refinancing my mortgage.? I secured a rate that’s locked for 60 days, but it already passed 60 days. It looks like the rate...

  2. Refinancing a mortgage with an already low interest rate.? I have a 30yr fixed 4.93% interest on my 140k home, I currently owe 130k. My monthly mortgage is $1.116....

  3. I have a 5 year ARM mortgage and i need advice on refinancing to a fixed rate mortgage? When I bought my house it was worth 291,000 where I made a down payment of 20,000 and now I...

  4. How should we go about refinancing our adjustable rate mortgage for a good fixed rate?? 2/28 ARM now, want great fixed rate. ...

  5. At what point in my mortgage refinancing am I still able to withdraw my loan request in favor of a better rate? I locked in when my lender offered 5.5% but now rates are in the 4%s. I’ve turned in some signed...

Written by

Filed under: Mortgage Refinancing · Tags: , , , , , , ,

2 Responses to "Do you think that artificial 4.5% mortgage rate will go through? When? Will it count for refinancing?"

  1. john565656 says:
    Yes
    After inuarguration
    Probably not — it will be meant to clear out the inventory.
  2. Dan C says:
    I am in the mortgage lending business. If you have a rate locked ealier than last weeks plunge, you may inquire about a float down option with you lender. There is a pricing hit for this, however it can be absorbed by the lenders margin. It is usually .25 to .375 off of their margin. They may be able to roll you down to a bit lower rate, obsorb the hit. They may be able to assume the same margin and you get a lower rate.
    In coming weeks the rates may get lower yet in which you may miss out unless you want to roll the dice and ask the sellers to delay the closing for a fee. You may be chasing bad money because these rates may never come.

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player