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Updated over 8 years ago on . Most recent reply
Interest rate on cash out refinance
I'm wondering what others are seeing as interest rates right now. I paid cash for a property and after 6 months passed I am putting a mortgage on it.
This would be my fifth mortgage so I know that increases the interest rate a little bit (maybe?)..and also by being a cash out refi I understand that can make the rate go up as well.
I was quoted 4.75 on a 30 year conventional fixed. Is that in the ballpark of what I would expect? I have excellent credit, so I know that doesn't factor in.
Thanks