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Financial Freedom => Financial Advice From The Community / Reader Profiles => Topic started by: Sam on March 22, 2019, 07:27:04 PM

Title: Time to refinance your mortgage in 2019
Post by: Sam on March 22, 2019, 07:27:04 PM
Hi Folks!

The 10 year bond yield has collapsed to 2.45% today. I highly recommend everyone refinance our mortgage or at least check the latest rates.

I have locked in the a 10/1 ARM at 3% at the moment with $2,800 credit to closing costs. So almost free.

Sam
Title: Re: Time to refinance your mortgage in 2019
Post by: pat on March 25, 2019, 09:24:59 PM
any thoughts on - http://www.econpi.com/ Baseline and Rate of Change (BaR) Analysis Grid?
Title: Re: Time to refinance your mortgage in 2019
Post by: Money Ronin on March 31, 2019, 05:47:45 PM
Sam, where are you getting your loans done?  Wells in CA offered me a 30 year no cost $1M loan at 3.375% on my primary.  However ARMs were all priced at higher rates.

I would definitely consider an ARM at 3%.
Title: Re: Time to refinance your mortgage in 2019
Post by: Sam on April 01, 2019, 10:41:31 AM
Quote from: Money Ronin on March 31, 2019, 05:47:45 PM
Sam, where are you getting your loans done?  Wells in CA offered me a 30 year no cost $1M loan at 3.375% on my primary.  However ARMs were all priced at higher rates.

I would definitely consider an ARM at 3%.

I'm going with my relationship bank, Citibank. Requires $1M+ in assets.
Title: Re: Time to refinance your mortgage in 2019
Post by: Money Ronin on April 01, 2019, 06:27:46 PM
Thanks.  Wells quote is also "relationship" priced but I think the benefit is only worth an 1/8th of a point.

I'm going with my relationship bank, Citibank. Requires $1M+ in assets.
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Title: Re: Time to refinance your mortgage in 2019
Post by: Young And The Invested on July 13, 2019, 05:33:32 PM
Those rates just keep dropping.