They offering 3% mortgage rates now

[IAMDetroit]

Why would you buy now shyts going to plummet soon

Because im the only one i know right now paying bills and cashing checks
I rent.
Easy.

Edit:

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.

 

[Absolut]

Because im the only one i know right now paying bills and cashing checks
I rent.
Easy.

Edit:

Then you simply rent a few more months and get that same place 20/30% cheaper

 

[sayyestothis]

It's basically free cash on a 30 yr fixed. Shame jumbos aren't going down...tryna refiiiii

 

[Standing on business]

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.

There’s no downside to any of this.

In 10 months the rate might not even be that low.

 

[TRUEST]

Reup

 

[Bigb41513]

Needs to be lower

This I’ll be waiting!

 

[Abraxus]

I did it, even get half a point that’s a lot of money over 30 years fixed. If it’s not fixed then you may suffer. Take advantage man!

 

[BaileyPark31]

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?

People with essential jobs that want a house

 

[calixprynce]

can yall greedy nikkas stop refinancing so a nikka can eat ?

plus, 30yr @ 3% is the norm , right?

holla at me when the 30yr and 15yr rates drop even lower, cuz Im fasho buying a crib . Tired of paying rent

 

[R.E.N. Spells Ren]

can yall greedy nikkas stop refinancing so a nikka can eat ?

plus, 30yr @ 3% is the norm , right?

holla at me when the 30yr and 15yr rates drop even lower, cuz Im fasho buying a crib . Tired of paying rent

No.

 

[Standing on business]

can yall greedy nikkas stop refinancing so a nikka can eat ?

plus, 30yr @ 3% is the norm , right?

holla at me when the 30yr and 15yr rates drop even lower, cuz Im fasho buying a crib . Tired of paying rent

3% isn’t normal at all

 

[calixprynce]

3% isn’t normal at all

well good, it should drop lower hopefully. maybe im thinking about the 15yr rates

 

[Human Torch]

Anybody refinance a rental property? What type of rates y’all seeing?

my house is at 4.125% but I’m renting for a couple years while I’m in Seattle so Refinance hasn’t been an option.....yet

 

[calixprynce]

It's basically free cash on a 30 yr fixed. Shame jumbos aren't going down...tryna refiiiii

can you break this down for a young nikka?

 

[Maude]

someone break down the home buying game for me