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Not a refinance, but got offered 6.5% for a 30yr recently if that's helpful
Same. Any chance it might decrease on mondayv
Mentor
Refinancing is the same process regardless of rates. It’s a lot of paperwork, but usually not much beyond that (except occasionally an appraisal).
We are choosing to refinance 7 year ARM. Was quoted 5.125% at Wells Fargo. We're currently at 6.125% at BofA.
Mentor
I was mostly curious in the delta between the 7 year and 30 year rate. I totally agree with the approach to go with an ARM, that’s why I asked if you looked into it at all.
F
F
I'm glad I sold a lot of my stocks in the stock market.