LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

What are 30 year fixed rates now? For refis?

Posted By Message

MsG
Should be working

Member since 5/05

2824 total posts

Name:
G

What are 30 year fixed rates now? For refis?

Are refinance rates different than regular rates?Chat Icon It doesn't make sense to me that they would be, but I see rates in the 4's advertised for refinances.

Anyone know what the rates are now for 30 year fixed, refinance mortgages?

Posted 2/25/06 8:05 AM
 
Long Island Weddings
Long Island's Largest Bridal Resource
  |   Prudential Douglas Elliman Real Estate

rose825
Best Friends

Member since 6/05

10228 total posts

Name:

Re: What are 30 year fixed rates now? For refis?

great queston, I was wondering the same thing? Hopefully, someone has an answer.

Posted 2/25/06 8:13 AM
 

MommaG
Yay Spring!

Member since 5/05

5133 total posts

Name:
Gloria

Re: What are 30 year fixed rates now? For refis?

I did a refi on my house 3-4 years ago. The rates are the same as a first mortgage. The difference is in the fees. If you refi with your current bank, you may have almost no fees to pay (if they didn't sell your mortgage). The mortgage tax is also reduced or eliminated (paid only on the amount over your regular mortgage).

Posted 2/25/06 1:29 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: What are 30 year fixed rates now? For refis?

Give or take.... around 6%.

Posted 2/25/06 9:01 PM
 

Gertyrae
Peace out Homies!

Member since 5/05

20046 total posts

Name:
Gerty ®

Re: What are 30 year fixed rates now? For refis?

They are actually dropping againChat Icon

Posted 2/25/06 9:02 PM
 

csorisi
My 2 LOVES

Member since 11/05

1984 total posts

Name:
Corinne

Re: What are 30 year fixed rates now? For refis?

I am attorney & close alot of refinances for banks. If you are willing to pay points and have a great credit score then you can get rates for below 6%. If you don't pay any points it is around 6.5 to 6.75.

Posted 2/25/06 11:19 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: What are 30 year fixed rates now? For refis?

Posted by csorisi

I am attorney & close alot of refinances for banks. If you are willing to pay points and have a great credit score then you can get rates for below 6%. If you don't pay any points it is around 6.5 to 6.75.




6.75%? Thats VERY high.

I can get a 30yr fixed 0 points for around 6%.

Posted 2/26/06 3:28 AM
 

charon54
My two boys!

Member since 5/05

7279 total posts

Name:
Rebecca

Re: What are 30 year fixed rates now? For refis?

DH works for Washington Mutual and he says 6.125 or 6.375 is the going rate he believes, but he has the exact rates at his office. FM me if you want his info.

Posted 2/26/06 8:49 AM
 

rose825
Best Friends

Member since 6/05

10228 total posts

Name:

Re: What are 30 year fixed rates now? For refis?

is it generally less for a 15 year?

Posted 2/26/06 8:50 AM
 

charon54
My two boys!

Member since 5/05

7279 total posts

Name:
Rebecca

Re: What are 30 year fixed rates now? For refis?

For Washington Mutual, with no points, the rate for a 20 year is 6.125%. It's 6.25% for a 20 year. And the 30 year is 6.325%. DH just looked it up on their internal website. Again, feel free to FM me if you want more info.

Message edited 2/26/2006 9:25:23 AM.

Posted 2/26/06 9:25 AM
 

MommaG
Yay Spring!

Member since 5/05

5133 total posts

Name:
Gloria

Re: What are 30 year fixed rates now? For refis?

Posted by rose825

is it generally less for a 15 year?




Yes it is - that's what I did.

Posted 2/26/06 2:02 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: What are 30 year fixed rates now? For refis?

There are so many places out there offering 6% or less.

My credit union has 6% zero points, zero 800 fees, and a 90 day free rate lock i believe.

Priceline mortgage also has a 30yr fixed with 0 points for 5.75% with an APR of 5.936%.

Priceline might be worth checking out.

Posted 2/26/06 4:43 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: What are 30 year fixed rates now? For refis?

Rates went down again today. Looking like a good time to lock in if you haven't already done so.

Posted 2/27/06 4:37 PM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
30 year fixed...anyone lock in lately? Dani00518 6/29/05 5 Home
Isabella's one year dr. appointment... mommy2bella 9/20/06 8 Parenting
30-Year Mortgage Rates Jump to 2-Year High CAJ 3/9/06 1 Home
 
Quick navigation:   
Currently 348559 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows