I want to refinance my mortgage due to the recent low rate. Should I wait longer?

Posted on Mar 17, 2013 in HARP Refinance

Question by sold27: How do you start a home daycare business?
I am an educator and have always wanted to own a daycare business. I was thinking about starting a home daycare and then expanding from there. Are there any federal programs that can help with funding? What are the licensing procedures for running a home daycare?

Best answer:

Give your answer to this question below!
REAL ESTATE: Junk mail rolling out to homeowners
It's property tax time, sale so mailboxes are filling up with letters designed to fool homeowners into thinking they can get their mortgage refinanced through their original lender, ailment or defer payments to free-up cash. SAMSUNG … Purporting to be from the …
If you would like more informaiton please visit here…

obama refinance
by woodleywonderworks

Question by Eazy: I want to refinance my mortgage due to the recent low rate. Should I wait longer?
I bought an apartment in 2007 and the mortgage rate for 30 years is 6.5%. I recently went to a bank and they gave me the rate of 4.9% (as of April 09) for refinancing. It seems like Obama’s plan is working which is great. But do you think the rate will even go lower? Should I wait longer or better to settle now?

Best answer:

Answer by Chrissy
I would go for it now. Some financial institutions had rates at 4.5% (with no points either) and they’re starting to creep up just a bit now. A lot of my friends in Real Estate say things are finally starting to turn around as well. If things do go any lower, ask I doubt they’ll fall very much. Now sounds like a good time for you to refinance.

Know better? Leave your own answer in the comments!

5avg.rating 19 votes.

One Comment

  1. Honestly the rate changing a little bit doesn’t make a huge difference. 4.9% is a great rate and waiting longer takes on a risk of it going up too. I’d just lock in now and get your payments down. The longer you wait, the longer you are making your higher payments too.