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Old 01-23-2009, 09:44 PM   #21
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anyone getting any better than 6% on rental property? i have 3 at 6.375% & 1 at 5.5% & would LOVE to lower the rates!
5.5% from a five-year-old refinance with NFCU, but there's no way I'd get that again.

I'm reluctant to refinance a rental in this market, especially when I could be tempted to sell to the tenant. If I was a landlord-for-life then I might feel differently, but I'm happily seeking an exit.
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Old 01-25-2009, 12:01 AM   #22
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Where are you folks finding the sub 5% rates? Bankrate's listings don't even come close.

Additionally, I just purchased a home 4 months ago at 6.125%, 30 yr fixed...can anybody shed share their thoughts on whether I should just keep what I have or try to refinance? If the suggestion is to refinance...can you suggest the highest rate I should refi at?
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Old 01-25-2009, 04:50 AM   #23
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I would stay away from Bank Rate or at least search much farther. They do not have the "best rates" IMHO on anything.
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Old 01-25-2009, 08:03 AM   #24
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Where are you folks finding the sub 5% rates? Bankrate's listings don't even come close.

Additionally, I just purchased a home 4 months ago at 6.125%, 30 yr fixed...can anybody shed share their thoughts on whether I should just keep what I have or try to refinance? If the suggestion is to refinance...can you suggest the highest rate I should refi at?

Have a look at all the goodies on the mortgage professor's site: The Mortgage Professor's Website

He also shows wholesale lending rates, from which you can derive a retail rate.
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Old 01-25-2009, 03:18 PM   #25
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Additionally, I just purchased a home 4 months ago at 6.125%, 30 yr fixed...can anybody shed share their thoughts on whether I should just keep what I have or try to refinance? If the suggestion is to refinance...can you suggest the highest rate I should refi at?
If you haven't already, you may want to read this guide published by the Federal Reserve. A Consumer's Guide to Mortgage Refinancings. Follow the links inside to the mortgage calculators, crunch the numbers and decide what rate & break-even point makes sense for your current situation.

If you can get a refinance APR that starts with a "4" it is seriously worth considering; just my opinion.
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