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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
A place to talk about investing stuff.
Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 03-15-2020, 04:23 PM   #4066
Discuss Thrower Discuss Thrower is online now
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So pumping more money into the market to keep it afloat?
No idea with what the other central banks will do but it's basically in line with the thinking in the $1,500,000,000,000 repo agreements the Fed made with the large banks here: to ensure credit markets don't freeze up.

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Old 03-15-2020, 04:46 PM   #4067
RunKC RunKC is online now
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Does this mean mortgage rates are going down again?
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Old 03-15-2020, 04:50 PM   #4068
Gravedigger Gravedigger is offline
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Wife and I have been waiting to do a re-finance loan, wonder if this will give us a better shot for a better rate. Don't know if they're connected at all, not a finance guy really, but we've wanted to pull that trigger for the past half year or so to take care of some CC debt. I'm not a finance guy outside of the basics and calculations.
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Old 03-15-2020, 04:52 PM   #4069
Discuss Thrower Discuss Thrower is online now
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Wife and I have been waiting to do a re-finance loan, wonder if this will give us a better shot for a better rate. Don't know if they're connected at all, not a finance guy really, but we've wanted to pull that trigger for the past half year or so to take care of some CC debt. I'm not a finance guy outside of the basics and calculations.
If your original loan is close to whatever lenders are quoting now and you plan to move on from wherever your living now soon then it's probably not worth it.
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Old 03-15-2020, 04:57 PM   #4070
ChiefRocka ChiefRocka is offline
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Old 03-15-2020, 04:59 PM   #4071
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We refinanced earlier this week at 3.15

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Old 03-15-2020, 05:03 PM   #4072
Hog's Gone Fishin Hog's Gone Fishin is offline
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This is timing good for me as I'm closing on two properties the same day 3/24. But I'm sure the lowest my bank is going to go is 5% just because they're commercial loans.
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Old 03-15-2020, 05:09 PM   #4073
RunKC RunKC is online now
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We refinanced earlier this week at 3.15

Plan on being here for the rest of my days
We locked in at 3.375 about 2 weeks ago on a house being closed on May 6th. I’m calling first thing tomorrow to see if the rates are lower and if I can have it redone.
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Old 03-15-2020, 05:14 PM   #4074
Discuss Thrower Discuss Thrower is online now
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Missed the part where the Fed bought up $200MM in Fannie/Freddie/Gennie mortgages. That's concerning.
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Old 03-15-2020, 05:14 PM   #4075
KCUnited KCUnited is offline
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We locked in at 3.375 about 2 weeks ago on a house being closed on May 6th. I’m calling first thing tomorrow to see if the rates are lower and if I can have it redone.
Same except I close in 15 days.
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Old 03-15-2020, 05:21 PM   #4076
O.city O.city is offline
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Missed the part where the Fed bought up $200MM in Fannie/Freddie/Gennie mortgages. That's concerning.
Why?
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Old 03-15-2020, 05:25 PM   #4077
Discuss Thrower Discuss Thrower is online now
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Why?
It's probably nothing big considering that would figure out to a few hundred mortgages but could be suggestive of a bigger problem beside Beervirus
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Old 03-15-2020, 05:34 PM   #4078
lewdog lewdog is offline
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Discuss,

I’m enjoying your posts in here lately. Thank you. Honestly learning quite a bit.
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Old 03-15-2020, 06:04 PM   #4079
Gravedigger Gravedigger is offline
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If your original loan is close to whatever lenders are quoting now and you plan to move on from wherever your living now soon then it's probably not worth it.
We will be living for the next likely 7 years, after that our daughter will be out of high school and we can move wherever makes sense at that time.
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Old 03-15-2020, 06:56 PM   #4080
Buehler445 Buehler445 is offline
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Missed the part where the Fed bought up $200MM in Fannie/Freddie/Gennie mortgages. That's concerning.
Oof. That’s not great.
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