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12-17-2008, 03:41 PM
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#1 |
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Yuppie Prick
Join Date: Nov 2008
Location: Austin, TX
Posts: 223
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4.75% interest rates?
Anyone looking at doing a refinance?
Rates keep dropping like a rock.... |
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12-17-2008, 03:42 PM
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#2 |
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Like Gixxxxer But Not
Join Date: Jul 2008
Location: Dirty Jersey
Moto: 2008 ZX6R
Posts: 4,891
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Our Rate was 5.5 Yesterday...First time buyers though.
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[FRSH] Candy Plasma Blue |
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12-17-2008, 03:44 PM
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#3 |
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AMA Supersport
Join Date: Nov 2008
Location: Richmond, Tx
Moto: '10 Tuono Factory
Posts: 4,569
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where are you hearing that #?
5.75, 5-6 mos ago.
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ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD. |
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12-17-2008, 03:45 PM
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#4 |
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Like Gixxxxer But Not
Join Date: Jul 2008
Location: Dirty Jersey
Moto: 2008 ZX6R
Posts: 4,891
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Just google it...rates are around 5 Flat right now...Like I said we got 5.5 Yesaterday...but we didnt Lock in yet
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[FRSH] Candy Plasma Blue |
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12-17-2008, 03:49 PM
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#5 |
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AMA Supersport
Join Date: Nov 2008
Location: Richmond, Tx
Moto: '10 Tuono Factory
Posts: 4,569
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what cost are associated w/ a refi ?
__________________
ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD. |
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12-17-2008, 03:53 PM
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#6 | |
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Yuppie Prick
Join Date: Nov 2008
Location: Austin, TX
Posts: 223
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Quote:
https://www.wellsfargo.com/mortgage/rates?dm=DMIWFHPRAT 4.75% at wells fargo. Refinance costs are like 1.5% of the loan amount. For my loan at 5.5%->4.75% its showing a payoff in 2.3 years. If the loan drifts to 4.5% it will be 1.8 years. [this calculation does not take into account the savings associated with deducting the points at closing] Last edited by ducati_atx; 12-17-2008 at 04:01 PM.. |
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12-17-2008, 03:55 PM
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#7 |
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Moto GP Star
Join Date: Feb 2008
Posts: 12,156
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Not worth it, I'm at 5.375% fixed. It would have to go below 4% to be worthwhile.
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12-17-2008, 04:11 PM
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#8 | ||
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Hold mah beer!
Join Date: Feb 2008
Location: 80 Miles South of Moto Heaven
Moto: 08 R1200GS
Posts: 23,268
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Would it be worth it to pay a 1% origination fee to drop it from 5.25 to 4.75 or 5.25 to 5 for free?
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12-17-2008, 07:09 PM
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#9 |
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Clit Commander
Join Date: Feb 2008
Location: Las Vegas
Moto: 2012 Ducati 1199 Panigale S
Posts: 4,189
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I called my mortgage broker to see what was locked in (we're about to close) and he aid he knew it was well below 6, which is good. Anything below 6, I'm happy with. the rates change every day, today is just a lower day. Can't complain about something you can't fix yourself.
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Dress for the crash. Not the ride. 
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12-17-2008, 07:45 PM
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#10 |
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Let's do another U-turn
Join Date: Feb 2008
Location: Indiana
Moto: 2009 V-Strom
Posts: 3,816
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Damn, figures that I locked in my rate a month ago. But I'm getting such a good deal that I'll have some built in equity immediately. Not to mention I'll be doing a few things that will bump up the value of the house. But since I'm just now buying, I doubt I can refi for quite some time. I'm closing tomorrow at 2pm, so I can't see any rates changing for me.
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