30 year fixed mortgage rates down to 4.25% today

[Joe Public]

What is the FHA streamline rate?

Bump.

Has anyone completed a streamline refinance lately? What are rates like? They seem to be extremely (as in all-time) low in general right now.

My mortgage predates the higher monthly mortgage insurance rates that went into effect, so I'm skeptical that rates are low enough for me to get the 5% minimum reduction. I still have some upfront MIP on the table, though, and it's easy to run the numbers.

[pellegrino]

Bump.

Has anyone completed a streamline refinance lately? What are rates like? They seem to be extremely (as in all-time) low in general right now.

My mortgage predates the higher monthly mortgage insurance rates that went into effect, so I'm skeptical that rates are low enough for me to get the 5% minimum reduction. I still have some upfront MIP on the table, though, and it's easy to run the numbers.

Our bank is offering 30 year mortgages @ 3.99%. We snapped it up.

[Donuthole]

Our bank is offering 30 year mortgages @ 3.99%. We snapped it up.

Yeah, that's the rate we just got on a Harp 2.0 refi. Down from 6.75, that should make a pretty big difference.

[Joe Public]

Yeah, that's the rate we just got on a Harp 2.0 refi. Down from 6.75, that should make a pretty big difference.

If I remember correctly, you were in refi no-man's-land for a while. That's great news.

[TripletDaddy]

Yeah, that's the rate we just got on a Harp 2.0 refi. Down from 6.75, that should make a pretty big difference.

6.75? when did you get that rate?

[Donuthole]

6.75? when did you get that rate?

When we bought. We have been trying to refi for several years, but due to the combination of our conventional loan and the pre-paid PMI included on our original loan, nobody would refinance us. It wasn't until Harp 2.0 that we finally were cleared. A stupid, stupid technicality that has probably cost me at least $15k over the last few years.

If I remember correctly, you were in refi no-man's-land for a while. That's great news.

Yep. Special shout out to CJ, who was continually keeping an eye out for a program that would help us refi.

[Jacob]

Yeah, that's the rate we just got on a Harp 2.0 refi. Down from 6.75, that should make a pretty big difference.

That's great news. Congrats.

[Color Me Badd Fan]

Bump.

Has anyone completed a streamline refinance lately? What are rates like? They seem to be extremely (as in all-time) low in general right now.

My mortgage predates the higher monthly mortgage insurance rates that went into effect, so I'm skeptical that rates are low enough for me to get the 5% minimum reduction. I still have some upfront MIP on the table, though, and it's easy to run the numbers.

When did the higher mortgage insurance rates come into effect?

I actually streamlined down to 4.25%

[Joe Public]

When did the higher mortgage insurance rates come into effect?

I actually streamlined down to 4.25%

I think April 1 of this year.

[Color Me Badd Fan]

I think April 1 of this year.

Oh, I did mine October 2010

[Jask12]

You can see this site:

http://www.loans-portal.com/15-yr-mortgage-rates/

[Donuthole]

If I remember correctly, you were in refi no-man's-land for a while. That's great news.

That's great news. Congrats.

The paperwork took a little longer than expected, but we closed today at 3.75% (down from 6.75). Mrs. D has already tallied the monthly difference and set up a monthly auto-transfer into our IRA for that same amount. Also, I wanted to buy new clubs with a portion of the two month mortgage abatement, but I was informed that money is being transferred into another money market account.

I guess we all know who wears the financial pants in the Donuthole household.