Quote:
Originally Posted by oil pan 4
Guys I work with were talking about refinancing from like 6.5% to 6.2% give or take 0.05% depending on the person.
Took everything thing I had to stay quiet and only smile like a fool.
One guy had been paying down 6.7% for 12 years and restarted his 30 years over again at 6.2% to get the payments lower.
I pity the fools who are on the verge of starting to win the unwinnable and they restart the whole process of the a nearly unwinnable game over again.
Well someone has to make sure that the rich keep getting richer. Sure as heck isn't going to be me.
|
Hopefully you misheard and they were refinancing to a 15 year loan...
Otherwise, those rates suck. My 30 year loan that I'm nearing closing on will be at 3.375%