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
any thoughts on - http://www.econpi.com/ Baseline and Rate of Change (BaR) Analysis Grid?
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%.
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.
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.
[/quote]
Those rates just keep dropping.