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horncyclist

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Everything posted by horncyclist

  1. Started watching the full Axios interview. He starts by bragging about restricting travel from China and Europe. There were probably ten times more cases in the US than either of those places by the time the bans were in place. That did nothing. If that was the extent of the interview, it would be horrible and seriously hurt any other president.
  2. I came here to see if there was any discussion of this. That's terrifying. One of the two personal contacts I know who have had Covid is a woman in her 50s with no complications who has had serious cardiac problems after having Covid. Information like this really changes the personal risk calculation and if more people were aware of these risks, we would hopefully be taking this much more seriously. Interested in the limitations of the study.
  3. We were going to do it back in January and the appraisal came in oddly low so it didn't make sense. Have just been watching rates since then. A couple months ago multiple lenders started quoting me a points requirement for the loan, no non-points options. It's a big loan, falls in the "high-cost conventional" in my area so not sure what that does for Fannie being able to purchase so that might drive up the rates.
  4. I'm still looking at doing a cash-out refinance. Every lender I've talked to has said that points are required for a cash out right now. So I'm looking at 3.375 plus $4700 in points. My questions to the Surly mortgage wizards....is this what you're seeing on cash out? Are banks just viewing these as riskier so are making sure the'yre getting paid? Have you ever seen this before? When I was looking at this before, the cash out versus straight refinance difference was an eight to a quarter of a percentage point. Final question. Do you see rates staying low? The points required were $12000 three weeks ago, $4700 now but with so much economic uncertainty I could see that changing again. Wish we were in a different situation to take advantage of of the lower rates but we need the cash to pay off a HELOC so a straight refi isn't an option. On the plus side, by paying off the HELOC, I'm cutting the I'm paying on the total home debt substantially so the break even point ends up only being about two years out. This is is a good deal for us but would rather have the $4700 in my pocket instead of the lender.
  5. Or deaths trail being sick, which I think is typically the case. You get sick, then you die. I'd wait two weeks.
  6. I lived next door to Bernie Tiede in Hyde Park when he was out of prison. He had been living in an apartment behind Richard Linklater's house just down the street before then and then Linklater rented the house next to us for him. Nice guy in all my interactions with him. It was strange to think about but we were never worried. Just a weird Austin thing when those things had been disappearing. Linklater also had a pig that would wander into our yard on occasion.
  7. Anyone have a good summary on points and why they might make sense? We had our appraisal come in oddly low ($50k less than we did a HELOC two years ago even though home values are up 10-15%) so we're starting over on our refi. Broker said he could a 3.75 zero point cash out refinance. That sounds good but made me curious about points.
  8. What's insane is this was only 3 weeks ago. A week ago we'd be open for business by Easter.
  9. Guess we'll find out if hotter weather does anything...if not, Florida will be New York in a week or two.
  10. Things are moving along with my 3.625 cash out refi. Broker I had reached out to before locking and then took a week to get back to me thinks rates will go lower. I'm in underwriting and already did an appraisal. I shouldn't even bother right? There's no telling what's going to happen, no? I also had an assurance from the lender that if rates are lower after I'm approved they could float down.
  11. That's probably still early but much more realistic than this April shit we're bandying about.
  12. Its seems like the big question is going to shift from (1) can we contain this to (2) to what extent can we keep it contained while restarting socializing sufficient to have a functioning economy. It seems like (2) is what places like China, South Korea and Singapore are struggling with now. Maybe Italy soon based on the posts above. It seems like the United States is still struggling with (1) due to our half and inconsistent measures. I have trouble seeing how we can loosen things up to allow economic activity to ramp back up while keeping the curve sufficiently flat to not overload the hospitals. Seems like we're going to be at least our current level of shut down until herd immunity or a vaccine, no?
  13. I've been expecting months. We're not going to fix hospital capacity issues in 4-5 weeks. As soon as you go back to normal, there will be another overwhelming spike.
  14. With smart messaging, voters can take what they want out of the ticket. As a progressive, I'd feel a lot better with Warren on the ticket. She would be a hell of an attack dog.On that note, Biden owes her for taking out Bloomberg.
  15. You know, best move for Bernie would be to drop out and go all out behind getting Liz on the ticket. Best chance for the progressive movement in my opinion. And could unite the party.
  16. Every company with increased revenues nee This means: 1) most people aren't hurting directly yet 2) most aren't paying attention. When we have 20% unemployment and hundrrdds of thousands dying, he'll get the blame he deserves. Otherwise, the virus should just take us all. We're far too dumb.
  17. He should name a running mate capable of taking over the ticket soon as Bernie drops out. I want Warren.
  18. Maybe just ask the Coronavirus what its plans are? Duh.
  19. If there is to be any silver lining in this it will be that it forces a national moral reckoning and the political backlash puts Democrats in a position to get some of that big structural change to address all the greed and fucked up incentives that made us so vulnerable to this.
  20. I locked the same rate yesterday morning, though bigger loan but still conforming. I got a promise to float down if rates are lower after approval. Things are so volatile and, the prevailing view seems to be to lock quickly. I defer to our resident mortgage experts though.
  21. Got a 3.625 locked on my 30-year fixed refi with cash out. Quite happy. And lender said we could float down if lower after approval...not sure if this is standard.
  22. These numbers are all very different and indeed bathshit crazy. The lender who quoted me 3.875 also said we could "float down" if rates dropped after I'm approved. That's a bit reassuring because I could see rates settling back down once the dust settles. I could also see everything collapse.
  23. I guess my dilemma is trying to find that broker when I want to get the refi done pretty fast. There are a couple local ones that come up on Google, good reviews and local offices. Guess I'll try one of those to get a non-institutional quote.
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