Refinancing Home Mortgage
In: Mortgage Rate
Want to refinance 1st mortgage which is currently at 6.65 % and 2nd mortgage is at 8.88%.
pinky
May 12th, 2010 at 10:55 am
Don’t ask me. Some years ago I said we’d never see single digit first mtg’s again.
Yeahhoo P
May 12th, 2010 at 11:16 am
looks like the US is headed toward a recession. I would think lower rates are likely.
Matt K
May 12th, 2010 at 11:37 am
they will drop further. I’m waiting until this summer to refinance myself.
I suck but so do you.
May 12th, 2010 at 12:13 pm
rates will be cut a quarter point next fed meeting
engineer50
May 12th, 2010 at 12:54 pm
No one can say for sure – my guess is they will decline a bit more. Many people incorrectly think that they track directly with the fed funds rates – not true.
Landlord
May 12th, 2010 at 1:42 pm
You are paying pretty high interest now.
No one knows for sure, but I am not expecting a sufficient drop in rates.
I would refinance now in your shoes, you are paying lots of extra interest and waiting and hoping to save makes no sense when you can save today.
R B
May 12th, 2010 at 2:06 pm
short term rates will drop to 2.5 % this year so long term should also drop. I would wait
mefuture
May 12th, 2010 at 3:05 pm
The Fed is contemplating on cutting rates again -
http://biz.yahoo.com/ap/080110/bernanke.html
This is about mortgage information questions.
8 Responses to Anyone think mortgage rates will drop further or have they bottomed out?
pinky
May 12th, 2010 at 10:55 am
Don’t ask me. Some years ago I said we’d never see single digit first mtg’s again.
Yeahhoo P
May 12th, 2010 at 11:16 am
looks like the US is headed toward a recession.
I would think lower rates are likely.
Matt K
May 12th, 2010 at 11:37 am
they will drop further. I’m waiting until this summer to refinance myself.
I suck but so do you.
May 12th, 2010 at 12:13 pm
rates will be cut a quarter point next fed meeting
engineer50
May 12th, 2010 at 12:54 pm
No one can say for sure – my guess is they will decline a bit more. Many people incorrectly think that they track directly with the fed funds rates – not true.
Landlord
May 12th, 2010 at 1:42 pm
You are paying pretty high interest now.
No one knows for sure, but I am not expecting a sufficient drop in rates.
I would refinance now in your shoes, you are paying lots of extra interest and waiting and hoping to save makes no sense when you can save today.
R B
May 12th, 2010 at 2:06 pm
short term rates will drop to 2.5 % this year so long term should also drop. I would wait
mefuture
May 12th, 2010 at 3:05 pm
The Fed is contemplating on cutting rates again -
http://biz.yahoo.com/ap/080110/bernanke.html