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horncyclist

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Everything posted by horncyclist

  1. He should name a running mate capable of taking over the ticket soon as Bernie drops out. I want Warren.
  2. Maybe just ask the Coronavirus what its plans are? Duh.
  3. If there is to be any silver lining in this it will be that it forces a national moral reckoning and the political backlash puts Democrats in a position to get some of that big structural change to address all the greed and fucked up incentives that made us so vulnerable to this.
  4. I wouldn't be surprised if this brings the Iranian regime down.
  5. I locked the same rate yesterday morning, though bigger loan but still conforming. I got a promise to float down if rates are lower after approval. Things are so volatile and, the prevailing view seems to be to lock quickly. I defer to our resident mortgage experts though.
  6. Got a 3.625 locked on my 30-year fixed refi with cash out. Quite happy. And lender said we could float down if lower after approval...not sure if this is standard.
  7. These numbers are all very different and indeed bathshit crazy. The lender who quoted me 3.875 also said we could "float down" if rates dropped after I'm approved. That's a bit reassuring because I could see rates settling back down once the dust settles. I could also see everything collapse.
  8. I guess my dilemma is trying to find that broker when I want to get the refi done pretty fast. There are a couple local ones that come up on Google, good reviews and local offices. Guess I'll try one of those to get a non-institutional quote.
  9. Yes, 30-year fixed. So 3.875 is not too bad then? This is a little embarassing but I just realized the difference between a mortgage lender and a broker. I've been talking to 3 lenders--one from the institution who owns my current mortgage, one who did the mortgage when we bought the house 3 years ago, and a third who does deal for a family member who does a lot of residential real estate. Should I talk to a broker?
  10. Does cashing out if the LTV is still 75% or less matter? I got quoted 3.875 today, which still seems high with the rates your throwing around. My wife's middle score is 725. Conforming loan. 3.5 would be great. I'm close to just doing the 3.875...saves a half a percentage point and I can get the cash out I need before the whole economy goes in the shitter.
  11. If every act of incompetence and failure of leadership were not killing people, this would be funny. Can we somehow just hurry up and make Biden President?
  12. Just checking in to the CR thread to say Trump is a horrible fucking leader. Like all time worst.
  13. As far as I can tell there's zero guidance about public interaction for a non-high risk person who has not know to have been exposed. People going out are dumb but it's not like anyone with authority is telling them not too. The incompetency is going to likely kill 100s of thousands more.
  14. We're 1-2 weeks behind on every decision. There will be quarantines ordered in a week, weeks later than we should have. It's this constant delayed reaction that will make it as bad or worse than Italy and Wuhan.
  15. Feeling sick I failed to lock the 3.625 30-year fixed when it was offered but it seems like the rates have to come back down. This article says that basically banks were overwhelmed by demand, having trouble processing loans and funding them when rates dropped to the historic lows, so they raised rates to meter demand. That makes sense. But if accurate, they should come down gradually again once things settle down. It's reasonable to expect similarly low rates in a month or two, no? https://www.marketwatch.com/story/mortgage-rates-increased-this-week-despite-the-coronavirus-turmoil-heres-why-you-havent-missed-the-chance-to-refinance-2020-03-12
  16. It still seems like we're several steps behind what we need to be doing. We need to be building temporary hospitals and figuring out how to rapidly increase production and availability of ventilators. Like a war-time effort. I'm not sure we're doing either.
  17. With the limited testing, you have to think actual numbers are many times this. Hospital bed crisis will be here in a week.
  18. We need to be building hospitals and coordinating the medical response. The incompetency at a national level on this is insane.
  19. There was some hope with seemingly limted spread in the southern hemisphere. Probably just that there's a much greater exchange of people in the north and delayed testing. We're fucked for at least a year. This is going to have the impact of a world war.
  20. I feel like shit just got turned up to 11 today. It was inevitable but wild to be here. Next week is going to be rough...we're still reacting way to slow. We're going to be Italy in a week.
  21. My federal agency employer went to full time telework today...billed under a "liberal telework policy" but we were encouraged to telework unless coming into the office is absolutely necessary. Im guessing mandatory is coming soon. What's scary is where does this end. This isn't going away anytime soon. Even shutting everything down.
  22. So I just had a lender go from quoting me 3.625 on a 30 year conforming cashing out $100k on 2/28 to quoting me 4.875 today. Is that the kind of jump you're seeing? Our current rate is 4.375 so we'll just hold off on the plans for the cash if rates have skyrocketed. It seems like they'll have to settle down some and with the prime rate and 10-year low, you'd think that would be near the lows. Also, can you do a loan in Virginia?
  23. Fuck. Is the refinance window closed? At banks basically tightening becuase of economic uncertainty?
  24. I have a trip to Mexico City booked next week for work plus two days personal. Am I crazy to want to go still? Figure its safer there than in DC, so it's just flying on the plane.
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