Is Now the Right Time to Refinance? Discover the Shocking Truth

[@SamMartinez65]

I looked for the refinance calculator you showed in the video. I can not find it. Can you share a link please.

[@carlosreyes4293]

Great video! I bought my house last year for 340 at 6.5%, I want to buy my second one house, but not sure how.

[@TheRateUpdatewithDanFrio]

email me and I can help [e-mail]

[@annak5464]

Thank you Dan. I am in a process of approval of my home loan. It is through first time affordable housing downpayment program and I had to go with their lander. Last Friday they locked my loan at 6.9%. I asked the loan officer if we can wait few days because I heard about rates dropping. She suggested to lock it. Two days later the interest dropped to 6.5%. Can they unlock it and adjust it since I have not closed the purchase yet?

[@TheRateUpdatewithDanFrio]

dont think so but you would have to reach out to them for the answer. this is why I am a BROKER it allows me to shop around even if we LOCK a borrower in

[@juansuarez3384]

Fed about to lower rates. Don't refinance yet

[@winniethepoohandeeyore2]

Out of curiosity, I researched it online. Rates would have to go down to 1.5% to make it worth it to me to refi a 2.875% on a house we paid $65,555 for, Will they ever go down THAT low?? HIGHLY DOUBTFUL

[@dannykim1462]

Why are you even looking at this… 2.8 rates interest is like nothing. Especially on a 65k loan… you would save like 20 bucks a month even if rates goes down to 1.5

[@winniethepoohandeeyore2]

@@dannykim1462 It would reduce it by more than that. This country would have to be in MAJOR trouble for rates to EVER go down THAT LOW in the first place

[@TheRateUpdatewithDanFrio]

no

[@dannykim1462]

@@winniethepoohandeeyore2wow 50 bucks a month. Big whoop.

[@dannykim1462]

As someone that worked in IT, you have to be careful about chat GPT. The facts and data from it is not 100 percent. It read what the facts and data out there and guess a response.

[@TheRateUpdatewithDanFrio]

appreciate the advice