Questions tagged [mortgage-rate]
The mortgage-rate tag has no usage guidance.
6
questions
16
votes
3answers
1k views
Should I pay points on my mortgage?
We're looking into refinancing from a 30 year mortgage at 5.5% (currently 23 years left) to a 20 year mortgage at 4.5%. Paying points will reduce the rate somewhat, but since we don't have extra ...
16
votes
3answers
2k views
First time home buyer - Need suggestions and views on few things
We are a family of 3. Couple with one kid (2nd grade).
We have been in states for 13 years. All these years we have been renting.
So far I preferred to rent. But the rents are going up. Currently, ...
11
votes
4answers
11k views
Refinancing immediately after closing on a house purchase
I recently purchased a new home as a primary residence with a 4.375% 30 year fixed mortgage. I discovered, a little too late in the process, that I could find rates significantly lower elsewhere -- ...
5
votes
1answer
175 views
Is it a good time for refinance, why rates are different in WellsFargo website
I am 26, a first-time homeowner and I bought a house last summer for $265k and as of today I got an exactly $180k principle remaining as of today I have a 30-year mortgage (my lender is WellsFargo) ...
3
votes
2answers
1k views
Buying points on a mortgage
Several questions on this SE have asked whether one should pay points (or even what they are). All of these questions appear to only look at the nominal cost, not the inflation-adjusted costs.
Is it ...
0
votes
1answer
1k views
Effective interest rate for mortgage loan
I'm currently deciding between taking loan with down payment and no down payment. To get behind the idea, I read a case study from a finance textbook.
I get the basic math and understand concept of ...
