Mortgage rates aren't going down until next year

[futureofandhra]

39 minutes ago, ARYA said:

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[HER0]

1 hour ago, LakshmiParvathii said:

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Ok

[ARYA]

15 minutes ago, futureofandhra said:

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So collections dandiga comming anna mata

[Netflixmovieguz]

1 hour ago, Konebhar6 said:

They are cheaper than 30-yr but based on existing interest rates.

Ppl who took 5yr (2018-2019) and 7 yr ARM (2016-2017) will be forced to refinance at existing rates which will be too expensive. But IMO, there wont be many ppl. Most ppl refinanced during 2020-2021. So these ARM's will become problem between 2025 and 2027.

Arm couldn’t refinance?

[Konebhar6]

1 minute ago, Netflixmovieguz said:

Arm couldn’t refinance?

IF the rates are higher until then (2025-2027), they have to refinance at higher rates at that time. Meaning higher EMIs.

[Netflixmovieguz]

Just now, Konebhar6 said:

IF the rates are higher until then (2025-2027), they have to refinance at higher rates at that time. Meaning higher EMIs.

2018-2019 arms would have refinanced

[Konebhar6]

8 minutes ago, Netflixmovieguz said:

2018-2019 arms would have refinanced

Yeh that's what I wrote. most people with ARM's refinanced during Covid at low interest rates. Whoever is left not refinancing will have to refinance now or between 2025-2027.

[Netflixmovieguz]

14 minutes ago, Konebhar6 said:

Yeh that's what I wrote. most people with ARM's refinanced during Covid at low interest rates. Whoever is left not refinancing will have to refinance now or between 2025-2027.

.001% 

[Ravi860]

As soon as Fed pause/cut rates.. mortgage rates will go down. When that will happen? No one knows. 

[Konebhar6]

21 minutes ago, Netflixmovieguz said:

.001% 

The ones who refinanced ARM during Covid will have to still refinance between 2025-27 as their ARM term will be done. Unless they all moved to 30 yr.

[Ravi860]

1 minute ago, Konebhar6 said:

The ones who refinanced ARM during Covid will have to still refinance between 2025-27 as their ARM term will be done. Unless they all moved to 30 yr.

Who in right mind would refinance again into ARM during historic low rates(for fixed) during covid time. Just dumb if they did that. 

[laxmiparvathin]

2 hours ago, futureofandhra said:

rates increasing 

pagili pothundhi expenses every month

Usa lo interest rates perigithey AP lo undey neeku expenses peruguthunnaya? Abba kamal hassan.

nuvvu enkada unnavo neekey clarity ledhu. Andukey neeku 2 yrs nunchi license card raley.

@ARYA this guy is kamal hassan’s baap

[Konebhar6]

10 minutes ago, Ravi860 said:

Who in right mind would refinance again into ARM during historic low rates(for fixed) during covid time. Just dumb if they did that. 

ARM rates are always lower than 30 yr mortgages. People who bought investment homes or with tight finances or ppl who think rates will remain same or drop further. It’s easy to say now, not that easy then. Some people may be still on ARM.

it’s like saying who in their right mind did not buy NVDA at $110. 

[Ravi860]

40 minutes ago, Konebhar6 said:

ARM rates are always lower than 30 yr mortgages. People who bought investment homes or with tight finances or ppl who think rates will remain same or drop further. It’s easy to say now, not that easy then. Some people may be still on ARM.

it’s like saying who in their right mind did not buy NVDA at $110. 

Means they got greedy and gambled will pay price if rates go higher even more 

[futureofandhra]

45 minutes ago, laxmiparvathin said:

Usa lo interest rates perigithey AP lo undey neeku expenses peruguthunnaya? Abba kamal hassan.

nuvvu enkada unnavo neekey clarity ledhu. Andukey neeku 2 yrs nunchi license card raley.

@ARYA this guy is kamal hassan’s baap

Go n ask common man in AP