Mortgage Rates Surprisingly Low

D

dougcs

Just out of curiosity, I checked Bank of America for refi rates and was shocked to find they were offering a low rate of 5.6% APR including 2 points.

I'm surprised as I checked about two weeks ago and the rate was close to 7%.

Anyone else seeing attractive rates.

I live in TX.

DS
 
Closed a jumbo at 5.375 for 1.25 points about 3-weeks ago at a credit union in seattle. Property is a hilltop in Los Angeles.

I locked that rate back in September though.
 
Just locked a 5 year ARM fixed for 5 years at 5.38. No points no closing costs. I think rates will continue to decline.

Just bought my first home two weeks ago in the SF Bay Area!!!

Home was bought for 1.15 mil in Feb 2007. I stole it for 662K. (They were asking 750K) In a very desirable neighborhood.

The house was abandoned for 1 year cause the mortgage company that owned the loan went bk. Investors in Texas bought their whole portfolio and were panicking and dumping everything.

Damn I smell something good cooking for the economy and real estate. Of course I am usually early but I can't complain!
 
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