5.375% locked in 30 year mortgage!

We are in the midst of closing on our new home, a HUD owned, FHA 203k rehab loan mortgage house that is 30 years ancient. Last week I heard that 30 year mortgages had dropped to record lows, and then I thought I.

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5.375% locked in 30 year mortgage!

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    Related results on 5.375% locked in 30 year mortgage!

    1. Are you referencing our mortgage before the refinance? Because we did refinance into the 20 year fixed. The reason we originally entered into a 30 year (back in 2007) was because back then we were ?personal finance challenged,? which is a fancy way of saying that ... We refinanced under Making Home Affordable program earlier this year. We went from a 6.5% rate to a 5.375% rate, saved $200/month on our payment and saved about $17-20k in interest over the life of the loan. ...

    1. The mortgage rates established by the mortgage lender will be influenced by the type of loan, the size of the loan and how long the loan is locked for. Different loan types such as adjustable rate mortgages or FHA mortgages have different ... For a 30 year loan, this mortgage lender offers brokers a mortgage rate of 5.00% on a 30 day loan lock at a price of 101.509. This price means the mortgage broker that delivers to the lender on that 30 day lock at 5.00% will be paid ...

    1. For example, my wife and I have a 0.125% fixed (NOT APR) 30 year mortgage (yes, through an actual bank, not through relatives, we were able to buy our interest rate down - NACA.com). Even your average savings account (even as poor as ..... Most won't invest it AND even if they do, there aren't many ways to GUARANTEE the rate of return of paying off a mortgage early - in our case, 5.375%. 2. "It's safer. The more equity you lock away into your home, the riskier it gets. ...