and just signed my first 5.125.... BO's are moving fast to grab something now... almost ALL these re-fi's were done to PayOff LOC's whose interest will no longer be allowed for deduction as "home mtg int" in 2018. Smart move on BO financial planning! Several of them said at the signing table that they were abandoning 3.35 and 3.67 - and the higher rate was "negligible" - apparently will not push them over the fed limit of $10K mtg int deductions.... but then again my Signing territory is no longer SF & Sillycon Valley.... it is the more modest home pricing area of Wine Counties in No Cal. |