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

[Ravi860]

6 minutes ago, Satakarni_bali said:

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

lol naku istunarani cheppana? google cheye bro mortgage rates ani. That site is not updated

[anandam2012]

1 hour ago, Ravi860 said:

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

7% ani ekkada vundi bhayya...official aa?

[LadiesTailor]

1 hour ago, Ravi860 said:

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

Take ARM loans shop for 5/1 or 7/1 and refinance later 

[Boom1]

1 hour ago, Ravi860 said:

lol naku istunarani cheppana? google cheye bro mortgage rates ani. That site is not updated

30 Yr fixed

Weekly mortgage rates 

National average5.06%Bankrate average4.33%

https://www.bankrate.com/mortgages/mortgage-rates/

 

[vishesh]

bad credit unnavallaki 7 and higher , max rate as of now is between 4-5 undhi.

[sureshkonda]

150K downpayment kadithe loan 3.75% ki isthunnadu bofa.

[vishesh]

higher down payment lower  interest  standard process all banks same

[bunk seenu]

TS marchipoyi Indian bank lo loan adigada leka veerigadu inspiration tho janalni bayapettadiniki thread vesada ??

[phatposts]

2 hours 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. 

100% false info. Nuvvu eppudain refi chesava?

[veerigadu]

3 minutes ago, phatposts said:

100% false info. Nuvvu eppudain refi chesava?

Negotiable ani thelisu. But Nuvvu cheppu. Free ga sesthaaara? If you have experience please enlighten us 

[phatposts]

3 minutes ago, veerigadu said:

Negotiable ani thelisu. But Nuvvu cheppu. Free ga sesthaaara? If you have experience please enlighten us 

picha confident gaa 3%-5% annav, malli ippudu identi?

Pillalni bhayapettaku mashtaru. 

House lo nee existing equity, new appraised value (if applicable), prepayment for points etc. ivanni kalipi rate decide chestaru. refi costs primarily include - closing attorney costs, bank paperpwork, points purchase etc. 

Sometimes lender credits untayi. Ivanni kalipi net gaa enta avtondoi choosukuntam, then negotiate for things like - higher lender credits, etc. 

End of the day net cost to refi enta, manaki vache savings enta choostaru. Then figure out a breakeven point - say 24 months lo refi costs recover avtayi, there after lower interest valla savings start avtayai etc. If you have plans to sell house in that so called breakeven period - it does not make sense to refi. 

5% petti evadaina refi cheste daananta faldoo decision inkokati undadu.

 

[krrish]

54 minutes ago, sureshkonda said:

150K downpayment kadithe loan 3.75% ki isthunnadu bofa.

Bro, agent details send cheyyava?

[veerigadu]

13 minutes ago, phatposts said:

picha confident gaa 3%-5% annav, malli ippudu identi?

Pillalni bhayapettaku mashtaru. 

House lo nee existing equity, new appraised value (if applicable), prepayment for points etc. ivanni kalipi rate decide chestaru. refi costs primarily include - closing attorney costs, bank paperpwork, points purchase etc. 

Sometimes lender credits untayi. Ivanni kalipi net gaa enta avtondoi choosukuntam, then negotiate for things like - higher lender credits, etc. 

End of the day net cost to refi enta, manaki vache savings enta choostaru. Then figure out a breakeven point - say 24 months lo refi costs recover avtayi, there after lower interest valla savings start avtayai etc. If you have plans to sell house in that so called breakeven period - it does not make sense to refi. 

5% petti evadaina refi cheste daananta faldoo decision inkokati undadu.

 

It also varies by state? One of from NJ told me refinance costs a ton for them. 

[phatposts]

6 minutes ago, veerigadu said:

It also varies by state? One of from NJ told me refinance costs a ton for them. 

May be it varies, i honestly dont know. NJ lo refinance chesina friends aithe less than 1% cost ki refi chesaru. Their homes are sub 500 townhouses if that matters. 

[megadheera]

1 hour ago, veerigadu said:

Negotiable ani thelisu. But Nuvvu cheppu. Free ga sesthaaara? If you have experience please enlighten us 

Yes. 0 cost lo chestaru. Suppose interest rate 3.5 unte they increase the rate to 3.75 and do 0 cost refinance . I did more than 5 times