Being offered 4.875% for a 7/6 ARM for a Jumbo loan in SoCal. No Points. Is this market right now or is it worth shopping around a bit more?
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Now is absolutely not the time to buy. Its absolutely a buyer’s market at the moment, but things are not going to get better from this point on, so unless its necessary you’re going to be much better off holding out until the market falters.
Paradox final boss
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That’s a nonsensical answer unless you know where the poster lives.
Things have been getting better for me for the past year or so. I just refinanced this year and then the recent increase in SALT limit helped with the property taxes.
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ARMs are good when fixed rates are high.
You can refi before the reset and lower rates eat down the principal faster.
7 years seems like enough time for rates to go down or to build equity to sell out.
But I’m not a a realtor or a mortgage broker so grain of salt.
Can you afford your payment and can you stay for at least 5 (if not 10) years?
Echoing. The refund buff was nice this year from SALT. I believe we can deduct PMI for this tax year as well, so will be nice until I can refi out of this FHA.
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Agreed.
The SALT changes definitely helped many to some extent, but the phaseout for single filers and married @ $500k for AGI is prohibitive as well. $500k to a million a year filers get crushed in taxes.
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That’s why I choose to be poor
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"The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war with Iran.
The benchmark 30-year fixed rate mortgage rate ticked up to 6.11% from 6% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.65%.
The average rate is now back to where it was five weeks ago. Just two weeks ago, it touched its lowest level in three and a half years. It has been hovering around 6% this year, an encouraging backdrop for prospective home shoppers who can afford to buy at current rates just as the spring homebuying season gets rolling."
Still makes my sub 3% smell like a new home.
That should be the new LH pool flex, lowest 30-year rate. 
Company out of dallas offering 2.99% on a 30 year conventional
I had 1.7% (15) and 2.4% (30) when I refi’d in sept 2021. I clocked it dead to the day of historical lows. Also had a relationship bonus to reduce both by an extra 0.2%. I believe the only person who’d have me beat is a military brat but willing to be proven otherwise 
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Dang Topper… 2.4% but the relationship bonus is cheating.
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I thought mine 2.6 is as good as it gets…
The real flex though are multiple paid off homes. Which I don’t have
Did you read the T&C on this before you posted it? Looks like you have to go all in on their own in-house crypto to get those rates?
I could have gotten 2.3% if I’d had another million
Here we go again 
https://www.wsj.com/finance/regulation/u-s-regulators-propose-more-lenient-capital-rules-for-big-banks-afd3797f
Miami strippers w 3 mortgages again??
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