The New “What did you do with your Z today” (with off topic replies) XXXVII

Ghostvette · 06-18-2020, 08:43 AM

Quote:

Originally Posted by bunk

Finance gurus- do you think the interest rates will drop once the expanded UE benefits end for those receiving it stops at the end of July?

Everything I've read points to lower mortgage rates below 3% before the end of the year. I've been bombarded by my mortgage company wanting me to refi, they would call me once a week. I had to finally tell them that unless they could get my P&I payment below $1k, stop calling. Now I get letters from them once a week.....

Banknote.com and maybe Forbes (if it isn't behind a paywall) might be the best places to look for information. WSJ is behind a paywall, so getting information there is tough.

bunk · 06-18-2020, 08:54 AM

Quote:

Originally Posted by Ghostvette

Everything I've read points to lower mortgage rates below 3% before the end of the year. I've been bombarded by my mortgage company wanting me to refi, they would call me once a week. I had to finally tell them that unless they could get my P&I payment below $1k, stop calling. Now I get letters from them once a week.....

Banknote.com and maybe Forbes (if it isn't behind a paywall) might be the best places to look for information. WSJ is behind a paywall, so getting information there is tough.

Its a weird time. The employment report drove the interest rate up a couple weeks ago, this week the report wasnt too good, but the stock market is doing well.

I think Im gonna go for a rapid report for my credit and see what rates they give me. USAA interest was over 4 before I paid off my debt. My buddys broker said he can probably get me below 3.
THEN I was thinking do I really wanna stay in CA.... But that opens up a whole 'nother can of worms...

jwick · 06-18-2020, 11:09 AM

Quote:

Originally Posted by bunk

Its a weird time. The employment report drove the interest rate up a couple weeks ago, this week the report wasnt too good, but the stock market is doing well.

I think Im gonna go for a rapid report for my credit and see what rates they give me. USAA interest was over 4 before I paid off my debt. My buddys broker said he can probably get me below 3.
THEN I was thinking do I really wanna stay in CA.... But that opens up a whole 'nother can of worms...

We close on our refi next week. Went from 4.25 to 3.25. Looked at going with a 20yr but the rate wasn’t any different than a 30yr. I also wasn’t willing to commit to a 15yr in this current market. Bi-weekly payments and an extra $150 a month and I turn my 30 into a 15yr anyway. That works for me and I can always dial back to the minimum if needed.

bunk · 06-18-2020, 12:26 PM

Quote:

Originally Posted by jwick

We close on our refi next week. Went from 4.25 to 3.25. Looked at going with a 20yr but the rate wasn’t any different than a 30yr. I also wasn’t willing to commit to a 15yr in this current market. Bi-weekly payments and an extra $150 a month and I turn my 30 into a 15yr anyway. That works for me and I can always dial back to the minimum if needed.

Sounds like a solid deal there! I did prinicple payments on my car loan. 5 year loan down to a little over 2 years.

You arent lying about todays market! Theres so much for me to consider right now its driving me nuts...

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