Mortgage Rates--Refinance? - compare refinance rates
I live in Virginia, and recently bought a house. This is my second mortgage. I had no idea how mortgage rates have risen sharply. I pay 6.75 versus 6.125. It is expected that rising mortgage rates or is it possible for me to refinance and to less than 6.5? My credit card is always the same, and the two 30-year fixed rate mortgage.
Compare Refinance Rates Mortgage Rates--Refinance?
3 comments:
Hard to say siginficantly prices have increased recently when the same trend as last year following the rate drop from the case. That is exactly what happened last year, the rate rose in early summer. You can have a good funding now and not see them later. If you are at home for over 5 years, you can look at the reduction may be cheaper than actually a means of annual .25% if you do not save money for the cost of refinancing.
The price increase. Today, the 30-year fixed 6.625% for loans of $ 100K +.
For the record, the current interest rate is too high. I think that your loan officer's much more $ $ $ $ has made in its treatment. On 1 Mai 30 years fixed at 5.875% - again on loans of $ 100K or more. However, refinancing now would be stupid. Wait until the drop-out or refined in the short term (20 or 15 years fixed).
It is unclear whether the prices should stabilize or rise to fall. What I can not for my customers that they use the capital to its interest rate savings with funds you can buy TDC try to lower their interest rates.
Be drastically reduced interest repayable life and get a fixed interest rate. If you equity in your home, you can try this option. Talk to a mortgage broker or banker.
I bought some of my customers fixed rates under 6% fixed for 30 years.
Good luck!
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