Refi your house?

That's insane, I bought a house at 5.1% and thought that was the deal of the century, nice score!

good times! I bought a house recently and got locked in on the low low

If I was planning on staying for a while hell yes, but fuck it was such a hassle to submit all those documents the first time. I don't have the will or time to do this for a house I'll end up selling in 3-5 yrs. My current is 3.875 fixed and it's on autopay which was surprisingly annoying to set up. Plus I simply don't have the spare cash to refinance anyway.

For anyone who is gonna refi, do it before 12/1/20 when Freddie mac/fannie mae add a 0.5% fee to refinance.

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If it's fixed

Yeah actually we did just refi about 4 months ago or so. We were at 3.75 from the last refi, which at the time also seemed ridiculous but I know we are under 3 percent now. We took some cash out to pay off our other property outright, pay off the car loans and zero out the CCs it was a good move IMO

Ill get back to this thread when the key lending rates will rise in response to the high inflation.
Im pretty sure people that refinanced their morgage is pretty happy. Im just waiting for the foreclosures.

freestyler540Ill get back to this thread when the key lending rates will rise in response to the high inflation.
Im pretty sure people that refinanced their morgage is pretty happy. Im just waiting for the foreclosures.

Not trying to sound racist but the amount of foreign investment in real estate in my area is absolutely staggering. Houses have doubled, tripled or more in value over the last 5-7 years in the Seattle area. People just realize they can beat their returns in the state run stock exchange in Beijing by buying real estate. Where I live developers send out offer letters constantly and there neighborhood after neighborhood has every single house on the street being torn down and replaced with a mega mansion. That being paired with the amount of people who are here on work visas buying houses. It’s not that I care if people want to try and make money or move here but it’s kind of like when Nike started sponsoring skiers- everyone got dropped like a rock at the first sign of a better deal elsewhere.