Hmmm...

Post #77,472 by Yendor 1/28/03 1:43:03 AM Reply	Hmmm... I might need to think about doing that again. I just re-fied a year ago (Jan '02.) I break-even on that in Feb. '03 (cost of fees vs. money being saved.) It was required that I do it then (divorce'll do that to ya.) Now I might want to think about it for longer-term rates. Original mortgage was a 30-yr fixed at 7.875%. New mortgage (as of Jan '02) is 7-year balloon at 6.50%. Wonder if I can get that low enough (hopefully on a 30-yr fixed) to make it worthwhile... -YendorMike [link\|http://www.hope-ride.org/\|http://www.hope-ride.org/]
Post #77,526 by lincoln 1/28/03 9:43:59 AM Reply	Radio advertisment/advisor yesterday said Here in Houston we have "Business Radio 650", which has a mortgage rate update daily at around 5:20 PM by David Zhugeri (spelling?), VP at First Houston Mortgage. He said that his 7 year ballon rate was 4 5/8% at the close of the market yesterday. Didn't mention anything about points or fees. His 30 year fixed was 5 7/8%, his 15 year fixed was 5 1/4%. His website is useless though. You can't get any information from them without sending them an email - no rate postings or anything like that. lincoln "Four score and seven years ago, I had a better sig"
Post #77,582 by admin 1/28/03 1:43:47 PM Reply	5 7/8? wow... My 30-year is at 6.5% fixed right now, from last October or so. Regards, -scott anderson "Welcome to Rivendell, Mr. Anderson..."

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