Locked in my mortgage rate at 3.875% for a 30 year. Great time to buy a house, especially the way rent prices are going in St. Mary's County

We got ours at 3.5% this past Nov. :yahoo:

Locked in my mortgage rate at 3.875% for a 30 year. Great time to buy a house, especially the way rent prices are going in St. Mary's County

Did mine a month ago at the same rate, not a dime out of my pocket and got a check back from the bank for a couple hundred dollars. Saves me $2500. a year:yahoo:

Did mine a month ago at the same rate, not a dime out of my pocket and got a check back from the bank for a couple hundred dollars. Saves me $2500. a year:yahoo:

Nice! And here I thought mine was good at 4.3%. :lol: Did you refinance with the same mortgage company or someone else?

Nice! And here I thought mine was good at 4.3%. :lol: Did you refinance with the same mortgage company or someone else?
We refinanced in November 2010 and thought our 4.25% was awesome. My BIL refinanced recently for 3.25%. :ohwell: :lmao:

rates keep getting cheaper and cheaper. I switched to a 15 year loan at 4.1% last year. If the rates get down to 3% I might switch to a 10 year.

We locked in at a 3.75 last month :yahoo:

We refinanced in November 2010 and thought our 4.25% was awesome. My BIL refinanced recently for 3.25%. :ohwell: :lmao:

I really want to switch my 30-year to a 15-year, especially with rates in the 3s.

I really want to switch my 30-year to a 15-year, especially with rates in the 3s.
I really wish our house didn't lose ~40% of its value so that we could actually sell it and not have a mortgage. :lol:

I really want to switch my 30-year to a 15-year, especially with rates in the 3s.

I did that years ago, mortgage only went up about $100/mo. So glad I did that, as I am now completely paid off years earlier and pocketing all that money!

I did that years ago, mortgage only went up about $100/mo. So glad I did that, as I am now completely paid off years earlier and pocketing all that money!

Ours would go up about $300, maybe a little less but not by much. We have two houses/two mortgages. If I can unload one property soon, I'll definitely refinance the other to a 15-year. But, I also know we won't be in the current house but a few more years so maybe it is just better that I keep applying more to the principle every month. Who knows?!!? :shrug:

Ours would go up about $300, maybe a little less but not by much. We have two houses/two mortgages. If I can unload one property soon, I'll definitely refinance the other to a 15-year. But, I also know we won't be in the current house but a few more years so maybe it is just better that I keep applying more to the principle every month. Who knows?!!? :shrug:

Depends. If you are just a few years into the mortgage, it's more than the monthly cost. Changing the term from 30 to 15 puts more money into your principal and less into interest. That's always a good thing. But if you know you'll be moving again in less than 5 years, the cost of the refi could cost more that the savings. It's more of a long term planning thing.

I really want to switch my 30-year to a 15-year, especially with rates in the 3s.

Same here.

Good housing report came out this week. I know its too early to say but this may be the rebound

We refinanced in November 2010 and thought our 4.25% was awesome. My BIL refinanced recently for 3.25%. :ohwell: :lmao:

Wow, 3.25%, that must of been a 15yr note or some funky arm?

Wirelessly posted

Nope. VA IRRL.