San Diego Housing Market News and Analysis
2.5% 0-point 30-year is here!
User Forum Topic
Submitted by gzz on July 6, 2020 - 10:24pm
Online quote from loancabin.com:
480k no-cash-out 30 year refi 1.1m home value: 2.500%/2.504%
They also have a 15 at 2.375, but why bother!
Investment condo rate with LTV<50% is 3.0%.
When I do my rental condo revenue less taxes/ins/hoa at a 3% cap rate, I get that it is worth about 30% more than its zestimate.
Other sites with very low rates now: lenderfi, better.com, owning.com.
There is a Better.com $2500 offer from Amex, and Better.com also does rate matches. If you are willing to jump through additional hoops, that could be the best deal. I did not see that offer when I logged into my CC and browsed through them, but it seems like most people do.
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