Anyone want to refinance?
 

Anyone want to refinance? I will get you 5.375% on a 30 year fixed rate (obviously depending on if you have good credit and a few other factors)

I may be looking to move soon, and then keep my current house as a rental, but refinance it to get the equity out.

How about a $1B HELOC so I can buy a nice chunk of MBIA?

Where are jumbo loans now?

Hmm....tempting.

We are considering moving this summer. 5.375% on a 30 is nice.

720 and up, right?

VV has taught you well, young paduwan.

How? Paying points?

WHat you got for a 10 or 15 year?

Well, I only have 3 years left on my 10 year, but what the heck. Another 30 years won't kill me.

It's only money, right? ;)

5.125 on a 15 year.

No points. I can even get 5.75% no closing costs. Rates are great right now and they are only going to get better.

I just checked bankrate.com and they are dropping like a rock over the last couple of weeks. I may soon, but I want to see if they drop further if the fed lowers rates again as expected.

Hey cougjunkie, my buddy who is in your industry says that most forecasters expect the housing slump to continue throughout 2008 and finally taper off in 2009. His recommendation is to wait until the end of 2008 to buy.

Is that what you are told?

But the few other factors are the catch, aren't they?

I've talked to a few agents and they said they are getting significantly busier than they have been for a while since the holidays ended.. the buyers that are out on the prowl are looking for homes 275k and below.. so i guess that means first time home buyers? at any rate, it's interesting to hear that from multiple agents.

You have to sell 10 cases of Noni Juice ;)

Or a debt/income ratio of 10%

My GF is a R.E. agent and is doing pretty well right now.

She even did well during the downturn in Real Estate. She's one of those positive attitude types that doesn't care what the market is like, she still gets clients.

She won top producer for the 2nd year in a row at her company and things only are projecting to get better with the kind of January she's about to have.

The other factors are a DTI under 45, and that you live in an actual house. Trust me there is no red tape.