tag:blogger.com,1999:blog-6616959642391988608.post6689114439311524910..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Tighter spreads on jumbo mortgages are a good signScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6616959642391988608.post-49916176921561598902010-08-23T15:22:16.685-07:002010-08-23T15:22:16.685-07:00If you can knock 0.5% to 1.0% off your 30-yr rate ...If you can knock 0.5% to 1.0% off your 30-yr rate (i.e., save that much per year for 30 years), then the savings overwhelm the cost of refinancing. The almost-free refi option that most homeowners enjoy is something that is very underappreciated, and also something that is underpriced, typically, by the bond market.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9035137110400444832010-08-23T15:08:35.594-07:002010-08-23T15:08:35.594-07:00You wrote "Homeowners who lock in today's...You wrote "Homeowners who lock in today's 4.7% 30-yr fixed rates can refinance almost without cost should rates fall further"<br /><br />How is this so? You would still have title insurance, escrow, recording, appraisal, credit<br />report...all your normal closing costs. And on top of this, a typical fee to the bank/broker would be at least 1% of the loan amount.pufferhttps://www.blogger.com/profile/02594945926620839004noreply@blogger.com