Mortgage Interest Rates

jmg · 12-27-2020, 10:59 AM

Locked in 3% 30 year fixed on my jumbo back in June. I could have gotten a lower rate for more points, but we aren't planning on staying for the full 30 so it didn't make sense to amortize the fees. Ironically we refinanced in 2019 thinking we scored with a good rate not knowing it would go down even more in 2020.

4Hockey4 · 12-28-2020, 04:46 PM

We are still on original 15 yr note at 2 7/8% fixed from 9 years ago.

Great rates right now.

cmyx6go · 12-28-2020, 05:29 PM

Quote:

Originally Posted by jmg

Locked in 3% 30 year fixed on my jumbo back in June. I could have gotten a lower rate for more points, but we aren't planning on staying for the full 30 so it didn't make sense to amortize the fees. Ironically we refinanced in 2019 thinking we scored with a good rate not knowing it would go down even more in 2020.

Same here. 3% on 30 year fixed jumbo, closed in October. I thought I did good on last house 3 years ago with 3.375 but I paid points for that rate. None on current.

infinitekidM2C · 12-28-2020, 05:34 PM

I need to refinance. Bigly. Have to take a day and get this done!

TboneS54 · 12-28-2020, 05:41 PM

2.65 no points 30 yr. saving $700/m lol from my 4.25% from 2016.

David70 · 12-28-2020, 05:42 PM

Quote:

Originally Posted by 4Hockey4

We are still on original 15 yr note at 2 7/8% fixed from 9 years ago.

Great rates right now.

Close to the same for me, 2.75% on a 15 year, about 7 years ago.

vreihen16 · 12-28-2020, 08:22 PM

Quote:

Originally Posted by David70

Close to the same for me, 2.75% on a 15 year, about 7 years ago.

Me, three! Been paying it off at an accelerated rate, and will have it paid off in 2024 if our employment situations don't change. Haven't considered a re-fi, since our monthly interest is under $100 at this point in the loan's life.....

kscarrol · 12-28-2020, 08:28 PM

Quote:

Originally Posted by TboneS54

2.65 no points 30 yr. saving $700/m lol from my 4.25% from 2016.

I know someone who just got a raise, more car parts!!

TrevorM3 · 12-28-2020, 10:37 PM

expect rates to creep back up next year?

JP10 · 12-29-2020, 09:27 AM

Quote:

Originally Posted by TrevorM3

expect rates to creep back up next year?

Interested in this as well. Hope to purchase within the next year if all goes as planned!

4Hockey4 · 12-29-2020, 09:44 AM

Quote:

Originally Posted by JP10

Interested in this as well. Hope to purchase within the next year if all goes as planned!

guess would be short term they hold, as we come out of Covid, employment #'s increase, it'll creep back up. I suspect they'll stay good for 6 months or so. We are about as low as they'll go right now IMO, within 1/8 point or so.

Real estate prices are jumping, at least in this area, esp. outside of cities, have been trending that way all here. (consulting with property mgmt company all year, movement slow, low inventory, high prices)

Mintsopoulos · 12-29-2020, 09:47 AM

I just closed on a house in the chicago burbs at 2.75%

TrevorM3 · 12-29-2020, 07:59 PM

Quote:

Originally Posted by 4Hockey4

guess would be short term they hold, as we come out of Covid, employment #'s increase, it'll creep back up. I suspect they'll stay good for 6 months or so. We are about as low as they'll go right now IMO, within 1/8 point or so.

Real estate prices are jumping, at least in this area, esp. outside of cities, have been trending that way all here. (consulting with property mgmt company all year, movement slow, low inventory, high prices)

i hope market falls apart next year. I have retards nearby me paying close to 600k for new construction with no pool, 4/3, 2200 sq ft, no security etc. Gotta love it.

nyalpine90 · 12-29-2020, 09:19 PM

conventional loan 30yr term at 3.125% no points

jmg · 12-30-2020, 08:38 AM

Quote:

Originally Posted by TrevorM3

Quote:

Originally Posted by 4Hockey4

guess would be short term they hold, as we come out of Covid, employment #'s increase, it'll creep back up. I suspect they'll stay good for 6 months or so. We are about as low as they'll go right now IMO, within 1/8 point or so.

Real estate prices are jumping, at least in this area, esp. outside of cities, have been trending that way all here. (consulting with property mgmt company all year, movement slow, low inventory, high prices)

i hope market falls apart next year. I have retards nearby me paying close to 600k for new construction with no pool, 4/3, 2200 sq ft, no security etc. Gotta love it.

Lol that's dirt cheap compared to here. That's $800-900k easy.

Hawkeye · 01-03-2021, 09:59 PM

Just refinanced again, traditional 30y for 2.25% no points ~1100 closing costs

spazzyfry123 · 01-04-2021, 07:33 AM

Quote:

Originally Posted by Hawkeye

Just refinanced again, traditional 30y for 2.25% no points ~1100 closing costs

That seems like awfully low closing costs. Is this typical for most?

We’re planning on moving in a few years, so I hadn’t really considered a refi with the closing costs. If we can drop to <2.5% without points and that low of closing costs this might make sense...

Hawkeye · 01-04-2021, 09:14 AM

Quote:

Originally Posted by spazzyfry123

That seems like awfully low closing costs. Is this typical for most?

We’re planning on moving in a few years, so I hadn’t really considered a refi with the closing costs. If we can drop to <2.5% without points and that low of closing costs this might make sense...

I think the credit unions around me are usually in the $1500-1800 range but since I had refinanced recently I did not need another appraisal which helped lower the costs.

premier3is · 01-04-2021, 02:23 PM

2.62% with 0 points. 30yr, just closed.

cmyx6go · 01-04-2021, 02:48 PM

Quote:

Originally Posted by premier3is

2.62% with 0 points. 30yr, just closed.

Nice!

Rich150001 · 01-04-2021, 04:05 PM

Quote:

Originally Posted by Hawkeye

I think the credit unions around me are usually in the $1500-1800 range but since I had refinanced recently I did not need another appraisal which helped lower the costs.

Can you say or message me the credit union name you used? Seems like you got the best rates so far in this thread.

tdott · 01-04-2021, 04:34 PM

Quote:

Originally Posted by spazzyfry123

That seems like awfully low closing costs. Is this typical for most?

Depends on the state, no way closing costs are that low in FL, so many BS fees, title insurance, transfer taxes, etc.

12-27-2020, 10:59 AM	#67
jmg Lieutenant General 19429 Rep 14,310 Posts Drives: G82 M4C X-Drive Join Date: Mar 2013 Location: Orange County, CA iTrader: (1) Garage List 2025 BMW M2 [10.00] 2022 G82 M4C X-Drive [9.89] 2018 F80 M3 CS [9.90] 2018 BMW i3 REx [5.00] 2015 BMW i3 REx [0.00] 2016 BMW F80 M3 [7.29] 2016 BMW F30 340i ZTR [10.00] 2013 BMW F30 328i [0.00] 2006 Audi S4 25Quattro [7.00]	Locked in 3% 30 year fixed on my jumbo back in June. I could have gotten a lower rate for more points, but we aren't planning on staying for the full 30 so it didn't make sense to amortize the fees. Ironically we refinanced in 2019 thinking we scored with a good rate not knowing it would go down even more in 2020. __________________ 2022 G82///M4 Competition X-Drive - KW-HAS, Millway Race Camber Plates, Cup2 Connect, PSI High Flow Midpipe, Lightweight Front Lip, M Perf Flow Through Wing Previous • 2018 F80 ///M3 CS • 2016 F80 ///M3 Ordered • 2025 ///*M2
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12-28-2020, 04:46 PM	#68
4Hockey4 Banned 838 Rep 674 Posts Drives: Pinto Join Date: Aug 2019 Location: Here iTrader: (0)	We are still on original 15 yr note at 2 7/8% fixed from 9 years ago. Great rates right now.
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12-28-2020, 05:34 PM	#70
infinitekidM2C Major General 4296 Rep 5,739 Posts Drives: 2019 M2 Competition Join Date: Nov 2007 Location: Orange County, CA iTrader: (4) Garage List 2019 M2 COMPETITION [9.75] 2008 135i (my old car) [7.56]	I need to refinance. Bigly. Have to take a day and get this done!
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12-28-2020, 05:41 PM	#71
TboneS54 YNWA 1207 Rep 917 Posts Drives: '04 M3 6MT, '11 M3 DCT, '22 X7 Join Date: Nov 2009 Location: SoCal iTrader: (2)	2.65 no points 30 yr. saving $700/m lol from my 4.25% from 2016. __________________ /// 2004 Silvergrey M3 · Coupe · 6MT · Slicktop · zero options /// 2011 Jerez/Bamboo E90 M3 · DCT · Slicktop · IG: @na.s54
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12-28-2020, 10:37 PM	#75
TrevorM3 Banned 3325 Rep 8,083 Posts Drives: 6.3 AMG Join Date: Apr 2013 Location: Florida iTrader: (0)	expect rates to creep back up next year?
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12-29-2020, 09:47 AM	#78
Mintsopoulos Captain 672 Rep 602 Posts Drives: '15 MW F80 6MT Join Date: Aug 2019 Location: Chicago iTrader: (0)	I just closed on a house in the chicago burbs at 2.75% __________________ #TMGPS For The Gram
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12-29-2020, 09:19 PM	#80
nyalpine90 Lieutenant General 7563 Rep 11,939 Posts Drives: MY24 G01 AW Msport Join Date: Feb 2008 Location: L.I. NY iTrader: (4) Garage List 2016 BMW X4 [9.25]	conventional loan 30yr term at 3.125% no points
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01-03-2021, 09:59 PM	#82
Hawkeye Brigadier General 2065 Rep 4,365 Posts Drives: '07 Z4 Coupe, '21 X3, '16 GMC Join Date: Aug 2007 Location: Iowa iTrader: (0) Garage List 2016 GMC Sierra SLT [10.00] 2008 Yamaha R6 [9.00]	Just refinanced again, traditional 30y for 2.25% no points ~1100 closing costs __________________ 2007 Z4 3.0si Coupe • 6 MT • Black Saphire Metallic • PP • SP 2016 GMC Sierra SLT Z71 Premium Plus 4x4 2017 Harley StreetGlide • Denim Black • V&H Tune 2021 BMW x30i • Phytonic Blue Metallic • Fully loaded
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01-04-2021, 02:23 PM	#85
premier3is Major 1650 Rep 1,011 Posts Drives: 2019 BMW 330i M-Sport Join Date: Jul 2019 Location: CA iTrader: (0)	2.62% with 0 points. 30yr, just closed.
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