Updated over 6 years ago on . Most recent reply
What Rates are you getting right now? When Should I refi?
Hey BP! I'm sure everyone is actively watching the news and their impact on mortgage rates.
I'm personally losing sleep wondering if I can save more by waiting, or should I just lock in the rates today.
For those of us with loans that are well above market rate, the question of the day is: Will rates continue moving down from here? Or should a person refi immediately?
Second question that I think would help everyone: if you just got a quote, what was the rate, LTV and lender?
Thanks in advance!
Most Popular Reply
@Sean McCluskey
I did a cash out refi on a SFR I own outright in June. My rate for a 15 year loan was 4.125% with 1.9 points. Took 4 weeks to get the cash. Not great, but not bad for an investment loan.