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03-23-2007, 12:16 PM
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#21
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Recycles dryer sheets
Join Date: Jul 2004
Posts: 60
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Re: Mortgage Rates
House no. 1 is paid for. 0% interest 
House no. 2 has a 30 year 4.00% adjustable rate that goes up in Feb. of 2008. I retire Jan. 1, 2007 and sell house number two and move into house no. 1.
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03-23-2007, 12:20 PM
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#22
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Recycles dryer sheets
Join Date: Oct 2003
Posts: 452
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Re: Mortgage Rates
5.25% for 15 years,
got it in 2002
plan to payoff beginning of 2009.
.
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03-23-2007, 01:10 PM
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#23
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Recycles dryer sheets
Join Date: Jul 2005
Posts: 113
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Re: Mortgage Rates
4.25 5 yr ARM on current house taken May of 04
6.25 construction to perm 30 yr fixed on house being built. You can't get the best rates for construction loans so hopefully rates stay low till the end of the year so that I can lock in a better rate.
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03-23-2007, 01:49 PM
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#24
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 415
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Re: Mortgage Rates
4.0% ARM
have 5 or so years left til it adjusts
__________________
-----------------------------------------------------
Whatever you do will be insignificant, but it is very important that you do it.
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03-23-2007, 02:18 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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Re: Mortgage Rates
15 yr fixed @ 5.25%
about 10 years left. I am trying to decide if I should pay it off early before I FIRE in a little over 4 years.
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03-23-2007, 03:04 PM
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#26
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Recycles dryer sheets
Join Date: Feb 2006
Location: Valencia
Posts: 173
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Re: Mortgage Rates
I have 4 7/8% adjustable
it expires in 13 months
done purposely because I retire in 6 months and my wife retires in 9 months. I knew ahead of time when I would retire.
we may sell, or refinance, just one of a zillion decisions to make during the next year.
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03-23-2007, 03:33 PM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Re: Mortgage Rates
15 year fixed @ 4 7/8%. When my ex-girlfriend and I bought a house together, I paid for my 1/2 in cash she paid for her half with 40% cash, 60% this loan. Unbelievable as it seemed at the time, the dumb mortgage broker and BofA wanted me to co-sign for the loan.
I first argued with them. "Gee guys we just put down almost $500K in cash on $700K house, do you really think we are going walk away from this loan." Finally, I agree although I drew the line at lying on the loan application (it is perjury after all) as the mortgage broker suggested. (It does make you wonder when mortgage broker suggested creative writing on A+ loan, what do they do advise clients to do when they have poor credit.)
As it turned out me co-signing was a good thing because when girlfriend and I split up a few years latter, I was able to assume the loan after paying $300 fee (grumble).
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03-23-2007, 04:14 PM
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#28
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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Re: Mortgage Rates
Wow! It appears I have the worst deal on the board....6.5% fixed since '96. It was good at the time, and I never thought it was worth the cost to refinance because I kept thinking we were gonna only be in the house maybe one or two more years etc. etc. etc. So now...we are REALLY getting ready to put it on the market, just a few more fix-ups & the sign goes in the yard!
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
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03-23-2007, 09:10 PM
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#29
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
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Re: Mortgage Rates
ARM.
Started at 4.0% in '03. Stayed at 4 in '04, then 5.0% in '05, then 6.0% in '06. Hopefully it'll stay there if the Fed lays low for awhile. Maybe it'll go to 7.0%. I haven't looked at the paperwork since Aug., I forget. IIRC, it's similar to Justin's.
30 yr. fixed was 5.35% (I think?) when I locked in the 4.0% ARM.
Also, I expected to move within 3-5 years. Dunno if that'll end up happening. Might be 3 years from now.
-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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03-23-2007, 09:27 PM
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#30
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Confused about dryer sheets
Join Date: Feb 2007
Posts: 2
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Re: Mortgage Rates
refi in 2002 from30yr fixed to 15 yr fixed at 4.875%. 11 years to go 
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03-23-2007, 10:11 PM
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#31
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 880
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Re: Mortgage Rates
Refinanced in 2005 at 5.125 on 30 year fixed. We are paying extra each month to have loan paid off in 15 years.
__________________
"Tell me, what is it you plan to do with your one wild and precious life?" - Mary Oliver
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03-24-2007, 12:18 AM
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#32
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Recycles dryer sheets
Join Date: Dec 2005
Location: San Diego
Posts: 468
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Re: Mortgage Rates
5 yr ARM @5% resets next Jan. 30 yr loan. Tempted to re-fi now since rates look attractive. Might wait it out though.
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03-24-2007, 06:31 AM
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#33
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gone traveling
Join Date: Nov 2005
Posts: 2,146
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Re: Mortgage Rates
6% 30 year on a 48K loan. Can and will have it paid in full in less than 5 years.
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03-24-2007, 06:39 AM
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#34
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Re: Mortgage Rates
No mortgage. No car loan. No household loans. No other loans. No credit cards.
At least I'm consistent!  Well, I do have a HELOC but haven't borrowed a cent with it so I might as well close it.
I had a 30 year fixed rate mortgage at 6.38%, but paid it off in 4 years so I have joined the "0%" camp. Now, I am amazed at how fast the money accumulates without mortgage payments.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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03-26-2007, 02:46 PM
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#35
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Full time employment: Posting here.
Join Date: Sep 2004
Posts: 607
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Re: Mortgage Rates
15-yr. 5% fixed. Didn't pay any closing costs, just the appraisal fee. Could have gotten 4.75% if I paid some closing costs, probably should have.
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03-26-2007, 07:53 PM
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#36
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Recycles dryer sheets
Join Date: May 2005
Posts: 60
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Re: Mortgage Rates
i think i have everyone beat 
30-yr fixed @ 6.75% in may/june of last year
good credit..80/10/10 loan
rates were going up at the time, i think the 10-yr note was ~5.25 and going up
can't refi for 3 years
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03-26-2007, 08:10 PM
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#37
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 91
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Re: Mortgage Rates
4.875 - 15 year, we have 10.5 years left
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03-26-2007, 08:21 PM
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#38
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Posts: 1,228
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Re: Mortgage Rates
5/1 ARM @ 3.75%. Will adjust in a year or so but I'll have sold by then (knock on wood).
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