House mortgage 30yr rate almost 7%, 15yr rate 5%

[Ravi860]

Endi mawa idhi ila lestunnai? 2months lo scene reverse ayindi. Pade chances unnaya?

[Kurrodu1]

1 minute ago, Ravi860 said:

Endi mawa idhi ila lestunnai? 2months lo scene reverse ayindi. Pade chances unnaya?

yes wait for few months. Year end lo koncham settle avochu ani one of lender news letter lo chadiva.

[veerigadu]

chances kadhuuu. Pakka padthayiiiii. Yevad kontaduuu aaa prices ki and aaaa interest rates ki.....Its official. Housing correction is coming 

[neethy]

any rate you take, first get into home, then re-finance ane astram undi gaa. enni sarlu aina chesukovacchu neeku comfortable rate set ayyedaakaa. ee rates lo evaru years years undaru - just refi refi refi  whenever you can.

[chandrabhai7]

7% aa endi Adi. this is not sustainable for market that country that completely depend on jobs only 

[Ravi860]

2 minutes ago, neethy said:

any rate you take, first get into home, then re-finance ane astram undi gaa. enni sarlu aina chesukovacchu neeku comfortable rate set ayyedaakaa. ee rates lo evaru years years undaru - just refi refi refi  whenever you can.

thakkuvaki refi enduku chestaru bro ila lestu unte! Its two edged kathi refi

[Hydrockers]

7% aa.

India lo aa rate ki vastunai ga

 

 

[Ravi860]

kothaga konna vallaki shivering.. must be chasing lenders/builders to lock it fast

[veerigadu]

2 minutes ago, neethy said:

any rate you take, first get into home, then re-finance ane astram undi gaa. enni sarlu aina chesukovacchu neeku comfortable rate set ayyedaakaa. ee rates lo evaru years years undaru - just refi refi refi  whenever you can.

Refinance is not that easy. Closing costs everytime 3-5% untadi. If you have 800K home, you pay almost 35 to 40K just on closing costs. It wont add up to your equity. These interest rate hike will slow down things a bit. Market needs some cooling. 

[hyperbole]

4% bochadu mandi istunnaru kada. Fed rate inka 0.25%, vallu 2.75% ayite tappa 7% kadu, fed rate ki lending rate usually 2.25% minimum utadi, the best deal you can still get is 2.5% for 7/1. For these deals either you need good contact or go through a reputed builder who has a pre understanding with a bank.

https://www.bankrate.com/mortgages/mortgage-rates/?disablePre=1&mortgageType=Purchase&partnerId=br3&pid=br3&pointsChanged=false&purchaseDownPayment=122496&purchaseLoanTerms=30yr%2C15yr&purchasePoints=All&purchasePrice=612480&purchasePropertyType=SingleFamily&purchasePropertyUse=PrimaryResidence&searchChanged=false&showingStacked=true&ttcid&userCreditScore=740&userFha=false&userVeteranStatus=NoMilitaryService&zipCode=94566

[cisco_sastry]

15 minutes ago, veerigadu said:

Refinance is not that easy. Closing costs everytime 3-5% untadi. If you have 800K home, you pay almost 35 to 40K just on closing costs. It wont add up to your equity. These interest rate hike will slow down things a bit. Market needs some cooling. 

For refinance it is around 1% 

[playboys]

Okay

[veerigadu]

1 minute ago, cisco_sastry said:

For refinance it is around 1% 

https://themortgagereports.com/74024/cost-to-refinance-a-mortgage

 

It depends and in some cases it is negotiable. But on an average its 2-5% ani reports telling 

[neethy]

17 minutes ago, veerigadu said:

Refinance is not that easy. Closing costs everytime 3-5% untadi. If you have 800K home, you pay almost 35 to 40K just on closing costs. It wont add up to your equity. These interest rate hike will slow down things a bit. Market needs some cooling. 

refi you need to do when the rates fall atleast 1.5 to 2 to what you currently have. closing costs maree antha 35k range lo emee undavu, mine was 790k home initially took 4.25 when brought home, i did first re-fi after an year when rate was 3.25 then recently last year when 2.55. it worked out well for me. closing cost ayyayi but equity baane undi (i did 25% down). home price bagaa hike ayyayi. so far so good for me bro.

[Satakarni_bali]

31 minutes ago, Ravi860 said:

Endi mawa idhi ila lestunnai? 2months lo scene reverse ayindi. Pade chances unnaya?

7% istunnaru ante nuvvu 1st credit score improve chesuko, inka 5% undi, I know few lenders still giving for 4.75% for 30years

 

https://www.mortgagenewsdaily.com/mortgage-rates