house interest rates

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bambooboy
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Post by bambooboy » Tue. Jul. 21, 2020 6:35 pm

Heard tonight you can get a 30 year home loan for 2 3/4 % with good credit & loans above $200.000. Also anyone with interest rate of 4% or higher should refinance even though closing costs come into play.My 1978 loan was 10%. :o :o

 
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Rob R.
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Post by Rob R. » Tue. Jul. 21, 2020 7:39 pm

Rates are very low. We are putting an addition on our house and refinancing at the same time. Our closing is next Wednesday, and the rate is about 1% less than when we first started planning the project a year ago.


 
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johnjoseph
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Post by johnjoseph » Tue. Jul. 21, 2020 8:52 pm

Rates will continue to drop through January 2021 supposedly. I refinanced a month ago with a VA loan at 2.35%.

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