February 15, 2026.

Wait. It seems like rates will hit 5.875. I think rates will go down to around 5.25 by early 2025.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wow that's an insane rate, no mortgage should be more than 4%

Why? Why should a bank lend to you at less than prime? It’s actually 4% that is the insane rate.

Wrong instance rate would be less than 2%. Banks shouldn't be fleecing Americans and a law should be in place that rates go no higher than 4%

Great idea. We could turn ourselves into Venezuela.

Zimbabwe

Anonymous wrote:Wow that's an insane rate, no mortgage should be more than 4%

Tell me you're under 35 without telling me you're under 35.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wow that's an insane rate, no mortgage should be more than 4%

Why? Why should a bank lend to you at less than prime? It’s actually 4% that is the insane rate.

Wrong instance rate would be less than 2%. Banks shouldn't be fleecing Americans and a law should be in place that rates go no higher than 4%

Great idea. We could turn ourselves into Venezuela.

Anonymous wrote:

Anonymous wrote:Wow that's an insane rate, no mortgage should be more than 4%

Why? Why should a bank lend to you at less than prime? It’s actually 4% that is the insane rate.

Wrong instance rate would be less than 2%. Banks shouldn't be fleecing Americans and a law should be in place that rates go no higher than 4%

Anonymous wrote:Wow that's an insane rate, no mortgage should be more than 4%

Why? Why should a bank lend to you at less than prime? It’s actually 4% that is the insane rate.

Wow that's an insane rate, no mortgage should be more than 4%

Mortgage Professor Calculator

https://www.mortgageretirementprofessor.com/CalculatorArticles/Refinance-Calculator.html

You have to try to predict future interest rates too, and cost of an extra refi vs extra interest from waiting.

There are online calculators but you need to know your closing costs.

See if you can find a no cost refi where they rebate you some money for closing costs in exchange for a slightly higher rate and take that

If you can get it lower, do it now!

I have a 6.5 APR and thinking we'll refi once rates dip to 5.25. Maybe 5.5.

What rate can you get now, what is the size of the mortgage and how much is the refinance? You are asking people to do the math for you without giving them the data. Refinance whenever it saves you money. People like to come up with arbitrary rules of 1pp rate drop or more to refinance but there is really no such rule. Depending on the size of the mortgage and fees to refinance it might make sense to refinance even if the rate just drops by 0.5.

Now or Wait until rates hit 5.875? This is a forever home and we currently have over 25% equity