All Forum Posts by: Sean McCluskey

@Larkin Adey is that a refi of the SFR that you're closing on the 15th? 3.375 with no points on an 85% LTV is great, can I ask who your lender is?

Wow @Kevin Blanchard, @Forrest L., @Taylor Shaw, @Sam Adcock, @Syed H., @Curtis Rasmussen, @Michael Cleary, @Nicholas Baughman, @Alan Grobmeier, @Tony Kim, @Manuel Fontan, these are great rates! Thanks so much for sharing, this is what makes Biggerpockets such a great community!

It's incredible how wide the variation in quotes can be for the same borrower. I got a quote from a popular internet lender, they tried to get $10k in points (1.6 points) for a 3.99% rate on my primary residence! 80% LTV, 780+ FICO. Crazy talk.

Then I talked to my primary banking relationship, and they said if I was able to lock today it would be 3.3%, but they need a full underwriting and can't finish it until Monday. Now I'm holding my fingers crossed.

Going to call a mortgage broker back as well, who seemed very honest, and see what she can put together from the market.

@Account Closed That is great! Local lender?

@Jason McKinney I'm with you - the inverted yield curve agrees with you, that rates are expected to come down. That makes me want to wait a while longer. But then I'm looking to refi my primary in Southern California and I feel like sooner might be better in case market pricing softens. 

I'm thinking I might refi soon, and then if rates are appreciably lower in a year, look for a no cost refi to drop payment again.

@Sam L. this is awesome, congrats on such a historically low rate Sam

@John Morgan that is such a low rate for an investment property, I love it!

@Jason McKinney Are you referring to projections of market rates ie the bond market, inverted yield curve etc? Or projections of mortgage rates specifically (or the aggregated RMBSes)?

Hi @Craig Jeppesen, @Cole Raiford and @Allan Szlafrok - thanks for the input! Yeah I'm looking at a personal residence refi and then cash out refis on 1-2 investment properties. The personal residence makes it feel like a bigger deal since the whole thing is just an expense, no cash flow coming off of that liability!

@Jerry Padilla Thats the million dollar question, right?

I'm thinking about locking on a primary res. refi, in case there are no more major moves downwards. Hogs get fed but pigs get slaughtered, right?

@Craig Jeppesen Thanks Craig! I assume you're talking about an investment property loan. Do you mind if I ask what lender you like to use for the best rate?