Housing Market Crisis: Will Fed Intervene with Rate Cut? 

so if you closed at 8% and rates go to 5.5% your saying you should keep the 8% until rates drop to 3%. Not a good financial plan you have there DEEZ

What a sham of a case.

yes if it makes sense: there is a TEST that we have to run to make sure there is a BENEFIT to the refinance and if there isnt you can not. once rates drop .5% from where you are then run the numbers to see if the savings is enough for you. Estimate closing costs at $1800 and also check your break even point

@@TheRateUpdatewithDanFrioawesome detailed reply Dan.. Appreciate it.. Once I’ll feel like refi, you’ll be the man.. Thanks and best wishes for the channel..

You are correct I never said otherwise i just stated you would skip a month which is 100% factual is it not

@@TheRateUpdatewithDanFrio Yes, you were correct in your statement about not having a payment right away. I just said that the homeowner should be aware of how that affects your closing costs. I'm just a transparent person. No disrespect meant

easy to do on just little adjustments since I am the LO :)

No

Any time!

You are so welcome!