Calif., she refinanced in 2016 with a 2.9% mortgage. When she inherited half of her mother’s home in 2022 after all the upheavals in the housing market in the intervening years, average rates were nearing 6%, and owning a sub-3% fixed rate mortgage was like owning a...
Keep in mind a mortgage refinance does come with closing costs and lender fees, but many lenders allow borrowers to roll these costs into the new loan, so they do not have to pay money out of pocket at closing. After factoring in loan fees, determine ifrefinancing could significantly reduce...
Many “all cash” buyers refinance into regular mortgages. So “all cash” buyers are sensitive to changes in interest rates as well. Reply Matt November 29, 2013 at 9:59 am What about the Chinese all cash buyers parking their money in real estate? Reply chris November...