Mothering Forum banner

Anybody refinancing since mortgage rates are going down?

1K views 24 replies 20 participants last post by  velochic 
Quote:

Originally Posted by gurumama View Post
Right--so far, for new purchases, but there's a LOT of push frommthe housing financial sector to open it to refis.

If they allow refis, you'd still have to pay the refi fees (for us, it would be in the $1500-$2000 range), but then it's estimated that something like 25-30 million people could do it.
There is not the capacity in the mortgage sector to process that many mortgages ... and shoddy rushed paperwork is part of what got us into this mess.
But it would be a great option for the "consumer"
 
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top