A native Californian transplanted in southern Illinois.When you are applying for a Harp 2 refi, that is when.
Rates dipped this morning so I contacted my mortgage consultant. I learned that Harp 2 loans are not market rate and do have a premium. This is not what I had understood her to say when we talked previously. I can get 4.625%, or 4.375% with a point. I said that unless I can shave at least 1 percent from my current rate with no points, I am not interested in doing a refi. She acknowledged that the current rates are not very beneficial to me. So unless rates dip quite a bit more, there is no refi in my immediate future.
I chipped the $10.00 I received from Hauser. Tomorrow is payday, so I did a wallet sweep and chipped an additional $7.01 from that.
When Is Market Rate Not Market Rate?
February 15th, 2012 at 12:46 am
February 15th, 2012 at 04:54 am 1329281673