anyone refinance their mortgage yesterday?

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anyone refinance their mortgage yesterday?

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11-26-2008, 08:21 AM

qwyjiboChu qwyjiboChu is offline

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Join Date: Sep 2003

Location: Boston, MA

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anyone refinance their mortgage yesterday?

Does anyone know what was going on with the rates yesterday? There was a one-day plummet on 30-year fixed mortgage rates, and I managed to refinance at 5.50% with no points, and luckily did it before rates shot back up today. But the weird thing was that 15-year fixed rates were HIGHER yesterday than 30-year fixed, probably a relic of the oddly-shaped yield curves. Is there any precedent for this sort of thing?

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