# US Banks to Freeze Current Foreclosures - 2/14 update

**URL:** <https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351>\
**Category:** NYSpeed Off Topic\
**Created:** [February 12, 2008, 4:58pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351 "2008-02-12T16:58:38Z")\
**Posts on this page:** 6\
**Page:** 4

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**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\
**Post date:** [February 14, 2008, 2:25pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351/61 "2008-02-14T14:25:24Z")

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> [@Nikuk](#):
>
> Ehhh… Todays national average is 5.10%. I’d wait until its at least a full point, IMO.

right, if it dips below 4.9, i will be all over it like white on rice. not yet “too soon, junior!”

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**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\
**Post date:** [February 14, 2008, 2:30pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351/62 "2008-02-14T14:30:53Z")

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> [@theblue](#):
>
> how would a couple points drop make it all of a sudden worth going from a 30 year loan to a 15 year loan?

on my mortgage, it would only be ~$200 dollar step up in payment per month. just enticing to step into such a low rate, lock in, and know that on my largest debt, i would more than likely never be able to borrow at such a low rate again.

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [February 14, 2008, 2:31pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351/63 "2008-02-14T14:31:56Z")

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> [@theblue](#):
>
> how would a couple points drop make it all of a sudden worth going from a 30 year loan to a 15 year loan?

Your research hasn’t covered this yet?

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**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [February 14, 2008, 3:10pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351/64 "2008-02-14T15:10:54Z")

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how can I know his equity and other personal information? I’m not KGB lol…

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**Author:** ![Muckman](https://avatars.discourse-cdn.com/v4/letter/m/7ab992/32.png) [@Muckman](https://forums.speedlife.net/u/Muckman)\
**Post date:** [February 14, 2008, 7:30pm UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351/65 "2008-02-14T19:30:08Z")

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Has anybody refinanced recently? Id be curious to see if its hard to get a refi with the current lending scare and if loss of equity value has a big impact.

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**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [February 15, 2008, 11:31am UTC](https://forums.speedlife.net/t/us-banks-to-freeze-current-foreclosures-2-14-update/43351/66 "2008-02-15T11:31:03Z")

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in WNY it should be easy since houses here have not fallen in value so that doesn’t apply to you.

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