evan_aggie said:

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Jet Black said:

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AggieMainland said:

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50

75 is fake news. Its crazy how stuff like this spreads. Not happening.

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Do you have a newsletter?

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Combines their newsletter with the "The reason we do not need to be worried about inflation" newsletter, both 2019 graduates from TAMU econ.

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the No Worry Guy was a Mays finance grad.

AggieMainland said:

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I'm such an idiot. LOL. I've been wrong about everything lately

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Meh. I was just busting your chops. You could have just as easily been right. Nobody knows what the hell is going on.

jamey said:

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topher06 said:

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Wish you could transfer a mortgage at the existing rate, everything from the past few years would be worth a ton.

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I got a 15 yr at 2% last summer that adds up to about 40K in interest.

Same loan now would total 111K in interest at 5.12%

Or almost 400 a month on the mortgage

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I was seeing 30 year jumbos for 5.36%

Diggity said:

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should have done a 30

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It was a refinance from a 30 yr at 4.25%. The delta between another 30 yr at whatever the rate was then wasn't quite big enough.

We were paying extra because I'm 52 yrs old with a 5 year old and wanted it paid off by the time she was out of high school and I'm in retirement at 65 so it came out pretty close.

you should have been able to get around 2.75% on a 30 year so I think that delta would have been fine.

It's all personal preference, I just liked 30 more than 15 when the rates were so low.

30 year mortgage rates between 6.3% and 6.8% today. Massive move from last week.

any chance they drop anytime soon?

Change Detection said:

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any chance they drop anytime soon?

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Not unless the treasury drops. Lender spreads have been getting compressed and I'm sure with the drop in mortgage applications, there will be further pushing to lower on attempts to get some loans.

Credit unions are your friend if you are a high credit score borrower.

Carlo4 said:

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30 year mortgage rates between 6.3% and 6.8% today. Massive move from last week.

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Just a visual comparing rates from last year.

My wife and I bought a $285,000 home back in late 2020 at 2.7% interest. We put 5% down, so $270,000 on the mortgage. With taxes, PMI, mortgage, interest, HOA, and insurance, we pay $1950 a month.

Factor in today's mortgage rate with the same calculation, and it's $2600. Massive difference.

Thanks....I sold my home not tool long ago to build in another location. Still need to have mortgage to build the "dream home"....just watched my payment go up many hundreds of dollars. I am so annoyed.

I am targeting a refinance in 2025.

AggieMainland said:

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50

75 is fake news. Its crazy how stuff like this spreads. Not happening.

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at 12% interest!