What are y’all seeing for 30 yr fixed rates currently?

Closed on a 20 yr refi at 3.625 about 5 weeks ago. Down from our 30 yr at 4.675.

I locked in 3.625 last month.

Just a couple weeks back got 3.75 on a 30 year.

quote:

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I just got 3.75

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Ditto.

On a 30 year mortgage?

Conventional rates are 3.75%. If you have a government loan you will get slightly better.

I have a quote for 3.0% apr for a “jumbo” loan at 15 year fixed rate. It is with a 3rd party through a bank. They sell the loan to a investment group. Amount to borrow is $700-900k.

Banks rate is 3.75% for same terms and amt.

ETA: looking at borrowing a large amount to put on a house and keep the money from sale of my old house in the market. From my calculations, if I can make 5-10% in the market I can make about $250-400k over 15 years by paying the 3% interest. Thoughts?

I just did 3.75% and my closing costs were approximately 1800 on a 400k mortgage.

Half a percent may not be worth it. Most say close to 1 percent drop or more, but the reality is it depends on your situation. If you plan on living there for a long time, then look at the amortization schedule. If you need a lower note due to life changes then you would be able to do that as well here. There's a few ways to look at it, but for me, I dropped an entire percentage and compared amortizations to where it'll be 2, maybe 3 years to break even. I don't plan on moving for a very, very long time. I will be saving a shitload every month from the break even point with a note that's 250 less than when I started.