Question by trose1027: Is 5% good for a 30 year mortgage refinance?
I have a credit score of 800 and my debt to income ratio is about 33%. The closing costs without homeowners or taxes figured in are about 3k. I live in florida
Best answer:
Answer by Ryan M
5% is near HISTORICAL lows. Do you remember the 1980’s at all?
Know better? Leave your own answer in the comments!
I think so. I got 4.75% fixed on a 15 year mortgage last year.
No, it’s a terrible rate currently. 4.5% is easily obtainable with no points.
I don’t lend in Florida either so please don’t think I am saying this to try and get your business. 5% is robbery!
I had to laugh about Ryans comment. I DO remember! I was excited about getting a loan at 11%.
Yes, 5% is a great rate.
Ignore the spammer.