Why would you buy nowshyts going to plummet soon
I don’t feel that way. Even still, I like owning over renting.
They offering 3% mortgage rates now
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I don’t feel that way. Even still, I like owning over renting.
rightfultoefinger
All Star
My area it still is a sellers market and with low rates even more so. A single family home goes for 1+ million and sells within the month and faster if it’s upgraded. And I find it hard to see house prices dropping too since they put all these backstop in with the stimulus bill. They didn’t even do that shyt back in 08.
I already refinanced.
2.89% streamline FHA vs the 3.75% I was at before.
They also paid the re-closing cost so I effectively dont have a mortgage payment due till july.
The only downside is that you effectively restart your lease (i'm on a 15 year), but I put so much into the principle that I have way more than the expected amount of equity. I'll just do the same shyt again. I can finish this in 10 with these rates.
I guess another downside is that I might have refinanced too early. This may drop lower and I wont be able to refinance again for another 10 months.
2.89% streamline FHA vs the 3.75% I was at before.
They also paid the re-closing cost so I effectively dont have a mortgage payment due till july.
The only downside is that you effectively restart your lease (i'm on a 15 year), but I put so much into the principle that I have way more than the expected amount of equity. I'll just do the same shyt again. I can finish this in 10 with these rates.
I guess another downside is that I might have refinanced too early. This may drop lower and I wont be able to refinance again for another 10 months.
They can go lower 
Im at 4.25 
I'd like to refi on my old house that I rent, but I gotta see the 2nd home refi rates
They can go lower
I didnt want to risk it but i think you're right
Im at 4.25
FHA? What state?
Virus
Recession
Job security down
Income down
Buyer demand down
Prices dip
Sellers panic after realization prices peaked
Supply rises
Demand drops even further as buyers wait
prices plummet
who, in the fukk, is buying a house right now?
Not really
I don't think this is a buyer's market yet. Rates actually went up after the fed cut. Banks artificially inflated their rates due to the high demand to re-fi. The rate will go lower. Just get your app in now and shop around for the next two months (45-day shopping rule allows you to do that w/out affecting your credit) before locking in.
Lol people that can afford it and who were planning to buy anyway. There are people who haven’t lost their jobs, been saving for down payments, improving credit and ready to jump.
If you’re trying to flip something, then I get what you’re saying.
It ain’t going up anytime soon, and extremely likely they plummet a fair bit in the near short term. You’ve got to be a complete moron to buy anything at the peak
