30 year VA IRRL rates?

maverick2076

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Our mortgage was bought by a new servicer, and they contacted me about refinancing while I was setting up my account. They quoted me at 3.125% for 30 years, and are covering all closing costs except for the VA fee. How is this comparing to the rest of the market right now?

Red Pear Realty

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8:27p, 8/25/21

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AG

That sounds high for a VA loan

Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty

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SteveBott

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8:42p, 8/25/21

AG

That sucks

MookieBlaylock

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8:49p, 8/25/21

AG

I would look at PenFed for an Irrrl right now

Aggiehunter34

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In reply to maverick2076 • 9:08a, 8/26/21

S

maverick2076 said:
Our mortgage was bought by a new servicer, and they contacted me about refinancing while I was setting up my account. They quoted me at 3.125% for 30 years, and are covering all closing costs except for the VA fee. How is this comparing to the rest of the market right now?

Seems high without knowing specifics. I'd be happy to take a quick look if you would like me to, no obligation of course.

bbailey@gomycity.com

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Martin Q. Blank

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9:57a, 8/26/21

Navy Fed is at 2.125% with 1.5 discount point.

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insulator_king

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In reply to maverick2076 • 7:21p, 8/26/21

AG

maverick2076 said:
Our mortgage was bought by a new servicer, and they contacted me about refinancing while I was setting up my account. They quoted me at 3.125% for 30 years, and are covering all closing costs except for the VA fee. How is this comparing to the rest of the market right now?

Terrible Rate.

I probably receive 5 letters a week from various lenders encouraging me to re-finance.

I have 1.75%, ~ 1.89& APR did it last year about May/June

SteveBott

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In reply to insulator_king • 7:24p, 8/26/21

AG

What you saw last year is meaningless now. Rates move daily

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SteveBott

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12:18p, 8/27/21

AG

Checked this morning. Basic rate is 2.25 no points but I'm not offering that until I get full understanding of the loan variables

Aggiehunter34

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In reply to insulator_king • 6:57p, 8/27/21

S

insulator_king said:
maverick2076 said:
Our mortgage was bought by a new servicer, and they contacted me about refinancing while I was setting up my account. They quoted me at 3.125% for 30 years, and are covering all closing costs except for the VA fee. How is this comparing to the rest of the market right now?

Terrible Rate.

I probably receive 5 letters a week from various lenders encouraging me to re-finance.

I have 1.75%, ~ 1.89& APR did it last year about May/June

Make sure you read the fine print on those mailers. They always slide in 2-3 discount points to get that rate.

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Year of the Germaphobe

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In reply to SteveBott • 9:16a, 8/28/21

AG

SteveBott said:
Checked this morning. Basic rate is 2.25 no points but I'm not offering that until I get full understanding of the loan variables

Lo's next door to me are saying the same thing. This seems to be pretty standard.