WTF: Mortgage rates increase 0.25 % today

[JEDI]

Originally posted by: Kindjal
<--- locked 15-year mortgage (actually 13 years left) at 5.25%. Plus my bank only charged $100 for refi.

link?

 

[Mxylplyx]

I've been locked at 5.5 with a $1500 lenders credit for a while. 5.25 was available briefly, but it wasn't worth sacrificing my credit to switch lenders.

 

[rh71]

You can always re-fi... just don't wait too long into the loan cause then it will end up costing you more even if the new rate is lower. We got lucky and had a free re-fi less than a year into our 30-yr.

 

[MikeyIs4Dcats]

Originally posted by: Kindjal
<--- locked 15-year mortgage (actually 13 years left) at 5.25%. Plus my bank only charged $100 for refi.

pssst....when you did your refi, your term reset.

 

[JEDI]

Originally posted by: MikeyIs4Dcats

Originally posted by: Kindjal
<--- locked 15-year mortgage (actually 13 years left) at 5.25%. Plus my bank only charged $100 for refi.

pssst....when you did your refi, your term reset.

hey mr pssst...

you can still pay the same amount of $, and pay off the morgage in same time frame as old mortgage. even less since mortage rate is lower