Comments on: Is it Time to Refinance Your Home? http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html Redfin Seattle Sweet Digs Mon, 23 Nov 2009 07:13:24 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Loan Modification Services http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-5515 Loan Modification Services Tue, 30 Jun 2009 06:57:09 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-5515 Good informative post. Thanks for sharing your nice work and blog. Good informative post. Thanks for sharing your nice work and blog.

]]> By: What You Need to Know About Mortgages in Today’s Market | Redfin Seattle Sweet Digs http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-3049 What You Need to Know About Mortgages in Today’s Market | Redfin Seattle Sweet Digs Tue, 12 Aug 2008 20:56:09 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-3049 [...] expert from The Mortgage Reporter, as well as regular contributor to the Rain City Guide) about home refinancing. I was lucky enough to catch up with her once again, only this time I asked Rhonda to simplify [...] [...] expert from The Mortgage Reporter, as well as regular contributor to the Rain City Guide) about home refinancing. I was lucky enough to catch up with her once again, only this time I asked Rhonda to simplify [...]

]]> By: Loan Mortgage Calculator » Is it Time to Refinance Your Home? http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1902 Loan Mortgage Calculator » Is it Time to Refinance Your Home? Tue, 04 Mar 2008 12:38:22 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1902 [...] t171207count500340nHNow bush be an especially beatific happening if you’re considering refinancing because when the FRS cuts rates, it’s causes emotion of inflation, which is a bonds worsened opponent (this causes mortgage goodness rates to rise). … [...] [...] t171207count500340nHNow bush be an especially beatific happening if you’re considering refinancing because when the FRS cuts rates, it’s causes emotion of inflation, which is a bonds worsened opponent (this causes mortgage goodness rates to rise). … [...]

]]> By: Rhonda Porter http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1863 Rhonda Porter Wed, 20 Feb 2008 16:41:43 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1863 You bet! :) You bet! :)

]]> By: Jen http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1832 Jen Tue, 12 Feb 2008 16:57:21 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1832 Thanks for the explanation! Thanks for the explanation!

]]> By: Katrina Munsell http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1827 Katrina Munsell Mon, 11 Feb 2008 19:59:09 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1827 Thanks, Rhonda! Thanks, Rhonda!

]]> By: Rhonda Porter CMPS http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1826 Rhonda Porter CMPS Mon, 11 Feb 2008 17:49:10 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1826 Jen, when Fannie and Freddie start taking on loans over the conforming loan limit ($417,000), there will most likely be an add to the rate because of the additional risk they're taking on (more transactions means more exposure) and the processing it will take to accomodate these loans. I'm estimating the "add to rate" will be approx. 0.25%. So if the current mortgage for a 30 year fixed at $417,000 is 5.5%, then a loan amount over $417,001 or higher may be 5.75%. This is still much better than the rate current jumbo mortgages have which is approx. a full point higher than conforming (the variance between jumbo and conforming change constantly during these volatile times in the market). I've read that President Bush may be signing this bill into law on Wednesday. Then HUD has 30 days to publish the data that is needed to determine the new (temporary) conforming limit. It's estimate that it will be just under $500,000 in the Seattle-Bellevue area. We'll know a lot more once this takes place. I'm guessing that we won't have the new loan limits in place until March...we'll see! Jen, when Fannie and Freddie start taking on loans over the conforming loan limit ($417,000), there will most likely be an add to the rate because of the additional risk they’re taking on (more transactions means more exposure) and the processing it will take to accomodate these loans.

I’m estimating the “add to rate” will be approx. 0.25%. So if the current mortgage for a 30 year fixed at $417,000 is 5.5%, then a loan amount over $417,001 or higher may be 5.75%. This is still much better than the rate current jumbo mortgages have which is approx. a full point higher than conforming (the variance between jumbo and conforming change constantly during these volatile times in the market).

I’ve read that President Bush may be signing this bill into law on Wednesday. Then HUD has 30 days to publish the data that is needed to determine the new (temporary) conforming limit. It’s estimate that it will be just under $500,000 in the Seattle-Bellevue area.

We’ll know a lot more once this takes place. I’m guessing that we won’t have the new loan limits in place until March…we’ll see!

]]> By: Jen http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1812 Jen Wed, 06 Feb 2008 18:59:23 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1812 What do you mean when you say an "add to rate" for loans over $417K. What do you mean when you say an “add to rate” for loans over $417K.

]]> By: Rhonda Porter CMPS http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1808 Rhonda Porter CMPS Tue, 05 Feb 2008 19:44:14 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1808 Thanks, Jim. I had a good Interviewer. :) Thanks, Jim. I had a good Interviewer. :)

]]> By: Jim Marshall http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html/comment-page-1#comment-1805 Jim Marshall Tue, 05 Feb 2008 06:47:06 +0000 http://blog.redfin.com/seattle/2008/02/is_it_time_to_refinance_your_home.html#comment-1805 Rhonda-- Well explained! Thank you! Jim Marshall APEX HOME LOANS www.ApexLoans.net Rhonda–

Well explained!

Thank you!

Jim Marshall
APEX HOME LOANS

http://www.ApexLoans.net

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