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Home interest rates- BR area
Posted on 3/4/26 at 4:22 pm
Posted on 3/4/26 at 4:22 pm
Anyone in the business who knows?
I’m looking to refi a 2nd mrg and cash out a small amount in the next 6 months
Just wondering if now is a good time, wait, etc
TIA
I’m looking to refi a 2nd mrg and cash out a small amount in the next 6 months
Just wondering if now is a good time, wait, etc
TIA
5
Posted on 3/4/26 at 5:02 pm to xBirdx
I'm looking for a second home (so different situation) but my lender (Hancock Whitney) seems to think rates will fall some more.
Posted on 3/4/26 at 7:05 pm to xBirdx
You’d prob be mid 6’s on a cashout refi right now depending on scores and equity. But if you can hold off I do think rates will continue their downward turn this year.
Posted on 3/5/26 at 7:51 am to xBirdx
Just closed this week on a VA IRRL refi at 4.99%. No cashout though.
Posted on 3/5/26 at 8:45 am to xBirdx
Just to Clarify, you mean a second mortgage on your primary house? What is your interest rate right now? rates on a second mortgage are always a little higher. Given that the second mortgage accounts for a smaller loan amount, the difference in a .25-.5 drop isn't going to be that impactful as say on your primary mortgage. You could always do a HELOC.
Posted on 3/5/26 at 12:01 pm to baggeaux
Correct. Home is valued at $525k (ish)
Owe $190k on primary at 2.75%
Owe $25k on 2nd at 5.5%
Looking at refi and cash out of $15k (total of $40k) on 2nd
Owe $190k on primary at 2.75%
Owe $25k on 2nd at 5.5%
Looking at refi and cash out of $15k (total of $40k) on 2nd
Posted on 3/5/26 at 2:17 pm to xBirdx
Closed this week on a rental in Ascension at 6.625% with 25% down.
Posted on 3/5/26 at 2:57 pm to Slickback
Ouch
That it’d be 6 tops…
That it’d be 6 tops…
Posted on 3/5/26 at 6:47 pm to xBirdx
go get a HELOC and refi the 2nd mtg. You'll be able to get the cash out you need. Check EFCU Financial.
Posted on 3/5/26 at 9:00 pm to bubbz
It was 5.75 for a little bit last week. Back up to 6.25 area now.
Posted on 3/5/26 at 9:44 pm to bubbz
Not a fan of a variable rate
Posted on 3/5/26 at 11:22 pm to bubba102105
quote:
Just closed this week on a VA IRRL refi at 4.99%. No cashout though.
What did you pay in points though…
Posted on 3/6/26 at 8:18 am to xBirdx
If you only want 15k, I would just do a HELOC. They usually have less fees and sometimes none at all if you go through your bank. You have some pretty epic interest rates, I wouldn't refinance for 15k and wind up with an 8% IR.
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