OT: Mortgage Refi Rates

[SyonaraStanz]

Anyone seeing sub 2.25% for 15 years, with no points to refi?

 

[fishwater99]

That is probably possible. I locked in a 2.75% on a 30 year Jumbo.
Check with local mortgage companies, they are offering much lower rates than banks.

http://www.mortgagenewsdaily.com/mortgage_rates/daily.aspx

 

[aTotal360]

I had a client lock in at 2.625% on a 15. That's the lowest I've seen in the wild. Anything lower has been rumor and innuendo.

 

[fishwater99]

Wells Fargo is offering 2.5% today, I am sure you can get lower with a mortgage company.

https://www.wellsfargo.com/mortgage/rates/

 

[Crazy Cotton]

I got 2.5 in TN with no points. Took over two months to get the damn thing closed. Apparently there's a crazy backlog for underwriters. Did the whole thing online except for the final signing of documents, and they sent a notary to the house. I went through Silverton Mortgage, don't know where else they may be available.

 

[Cooterpoot]

Rates are starting to increase. You better lock down a rate soon.

 

[SyonaraStanz]

I had a client lock in at 2.625% on a 15. That's the lowest I've seen in the wild. Anything lower has been rumor and innuendo.

My existing loan holder is Aim Loan. They're quoting me 2.25%/15. That also includes a 0.25% credit on lender fees. Sounds like I may need to jump on that.

 

[missouridawg]

Can't say I've seen what the OP stated...

But I did re-fi in March for 3.25%. I then got some news this summer that makes a cash-out re-fi necessary and my new rate after this will be 3.0%. Both of those rates for fixed for 30 years. Before March, I was locked in at 4.25% way back in 2014.

 

[bulldogcountry1]

I got 2.25 on a 10 year. A lot of companies wouldn’t give me the best rate due to owing a relatively low amount compared to my home value. Amerisave finally came through.

 

[Irondawg]

I need to get on this as well and start calling the local mortgage companies on a 10 or 15

 

[SyonaraStanz]

I got 2.25 on a 10 year. A lot of companies wouldn’t give me the best rate due to owing a relatively low amount compared to my home value. Amerisave finally came through.

Aim is offering 2.25 on the 10 yr. Since it's the same for 10 and 15, I just applied for the 15.

 

[GreaterCowbell]

I locked in a refi today at 2.125 for 15yr, no points with Citizens Bank in Hattiesburg. Quicken loans quoted me 2.8.

 

[CoastTrash]

This thread is basically worthless without loan amount. In my experience, you won’t get the lowest rate unless you’re borrowing lots of money.

 

[dorndawg]

This thread is basically worthless without loan amount. In my experience, you won’t get the lowest rate unless you’re borrowing lots of money.

 

[greenbean.sixpack]

I locked in a refi today at 2.125 for 15yr, no points with Citizens Bank in Hattiesburg. Quicken loans quoted me 2.8.

What kind of closing costs?

 

[M R DAWGS]

This thread is basically worthless without loan amount. In my experience, you won’t get the lowest rate unless you’re borrowing lots of money.

Makes sense

 

[fishwater99]

This thread is basically worthless without loan amount. In my experience, you won’t get the lowest rate unless you’re borrowing lots of money.

You can get a cash out if you need to get a lower rate then just pay it back if needed.

 

[J-Dawg]

I had a client lock in at 2.625% on a 15. That's the lowest I've seen in the wild. Anything lower has been rumor and innuendo.

I locked in on 2.625% today, but on a 30 conv. Not refi.

 

[Forrest4Moore]

I locked in on 2.625% today, but on a 30 conv. Not refi.

This is where Cadence has been here in Birmingham. Myself and both my neighbors refi’d with them over the last 4 months. 1 of us got 2.625 for 30. 2 got 2.75 for 30.

I chose to refi at 30 years to free up more cash. No prepayment penalty if I want to pay more on principal, and at that rate, the interest is so minuscule anyway.

I’d assume the rates are similar in MS.

 

[SyonaraStanz]

What kind of closing costs?

I called them, and they roughly quoted me 2%/15yr/0 points. Fees includes 1% origination and $700 processing. I'll probably stick with my AimLoan 2.25/15 offer because they're quoting a $995 origination fee with a $588 lender credit.

 

[Shmuley]

Based on my non-scientific, non-exhaustive personal search of best rates for 15 fixed, that's at the bottom. Closest second I've found is 2.375.

 

[SanfordRJones]

We just refinanced at 2.375% for 15 years.

 

[jb1020]

We refied a 30 yr fixed back in March, went from a 5% to 3.5%

Have my broker looking into a 15 year rate now. These are too good to pass up.

 

[Cow College]

We just refied at 15 for 2.5%. A credit low DTI and LTV

 

[ronpolk]

I called them, and they roughly quoted me 2%/15yr/0 points. Fees includes 1% origination and $700 processing. I'll probably stick with my AimLoan 2.25/15 offer because they're quoting a $995 origination fee with a $588 lender credit.

Essentially locked in this same deal with AimLoan today. 2.25 on a 15.

 

[SyonaraStanz]

Essentially locked in this same deal with AimLoan today. 2.25 on a 15.

Citizens came back offering to waive their origination, processing and underwriting fees at 2.25/15.

 

[greenbean.sixpack]

Citizens came back offering to waive their origination, processing and underwriting fees at 2.25/15.

Do you mind sharing who you talked to?