interest rates?
03-23-2008, 08:20 PM
#1
TECH Junkie
Thread Starter
Join Date: Nov 2001
Location: Chi-Town
Posts: 3,029
Likes: 0
Received 0 Likes
on
0 Posts
interest rates? I want to refinance. I Should have done it in jan/feb when rates were in the 5.5 range. now they are back to 5.9% for a 30 year fixed 
why do i keep hearing on the news how the "feds drop rates again", yet the refi rates never freakin change
why do i keep hearing on the news how the "feds drop rates again", yet the refi rates never freakin change
03-23-2008, 10:38 PM
#2
TECH Enthusiast
iTrader: (3)
Join Date: Feb 2008
Location: Auburn, IN
Posts: 605
Likes: 0
Received 0 Likes
on
0 Posts
Those are the rates that the Fed charges banks for loans or banks charging other banks, not for banks charging consumers for loans. Banks do have to make money somehow.
03-27-2008, 05:20 PM
#6
10 Second Club
iTrader: (22)
Join Date: Mar 2006
Location: Northwest side of Chicago
Posts: 3,677
Likes: 0
Received 2 Likes
on
2 Posts
I did a refinance 4 months ago at 6.1 now im doing another on another property at 5.6%.If you shop around you can still get mid 5s right now. Let me know if you need any help. Im an agent and have a really good mortage lender.