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Updated over 5 years ago on . Most recent reply

User Stats

217
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138
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Sean McCluskey
  • Rental Property Investor
  • Newport Beach, CA
138
Votes |
217
Posts

What Rates are you getting right now? When Should I refi?

Sean McCluskey
  • Rental Property Investor
  • Newport Beach, CA
Posted

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

User Stats

2,199
Posts
2,675
Votes
John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,675
Votes |
2,199
Posts
John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
Replied

@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.

  • John Morgan
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