The Investment Thread

B4YOU said

https://www.cnbc.com/2021/07/16/fan...finance-fee-lowering-costs-for-borrowers.html
I think this is the point I cash out refi. I’m seeing 30-yr 2.65% for no fees lowering my PI by $150 or $40k cash out for 2.75% for no fees on Bankrate. I refinanced May 2020 dropping my payment by $200 with a 12mo break even.

Click to expand...

I bought RKT at 16.83 this morning. We’ve seen 2 months of articles about falling mortgage demand. This refinance fee cut is going to lower rates and demand will pick up. People are flush with cash so I can see people eating fee costs to lock a super low rate.

“As mortgage rates drop, the demand for refinances is surging. Total mortgage refinance applications increased 20% over the previous week, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA).”
https://www.google.com/amp/s/www.fo...urge-mortgage-rates-drop-how-to-get-yours.amp