Do you ever consider to refinance your house?
By clorissa123
@clorissa123 (4926)
United States
July 3, 2009 8:45pm CST
The house market is in the deepest recession too. People are lack of confidence on our economy right now. Basically, we just don't have much optimistic thought on our future. In response to consumer pessimism, the mortgage rate will be drop again on the next few weeks as we expected. So, it will be a good time to refinance your house again. The rate will be expected to be %3.48. Good luck everyone!
2 responses
@baileycows (3665)
• United States
4 Jul 09
I did because the rate was going to be so cheap, but I don't know that it really paid off because of all the closing cost and things that we would have to pay again. So we just started applying extra to our bill in order to get things paid off.
@3SnuggleBunnies (16374)
• United States
6 Jul 09
Honestly if you do the math on a mortgage calculator. The closing costs are a drop in the bucket in comparison to the money you'd save over time. But the rate must be atleast 1 full % less than your current mortgage to make it worth wild.
@3SnuggleBunnies (16374)
• United States
6 Jul 09
Thanks for the heads up on the rate going down again. I had missed out on the one in April that would of been awsome for us to re-fi but when I looked the next time it was only like .5 less than what we were paying.
Shoot if you see that rate @ 3.48% YOU CALL ME!!!!
