# US Payrolls fell 17,000 in January **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [February 1, 2008, 9:53am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773 "2008-02-01T09:53:01Z")\ **Posts on this page:** 19\ **Page:** 1
**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 1, 2008, 9:53am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/1 "2008-02-01T09:53:01Z")
:ohnoes: Whos up for another 0.50 rate cut in Feb? Shoulda stayed in mortgage sales :hitit: [http://www.bloomberg.com/apps/news?pid=20601087&sid=aRZzH5DI8jhs&refer=home](http://www.bloomberg.com/apps/news?pid=20601087&sid=aRZzH5DI8jhs&refer=home) > Economists’ Forecasts > The drop in payrolls in January was the first since August 2003. The median forecast was for a payrolls gain of 70,000, compared with an initially reported increase of 18,000 in December. Forecasts ranged from gains of 5,000 to 160,000. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [February 1, 2008, 10:37am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/2 "2008-02-01T10:37:19Z")
Can I refinance before my house is actually done?:biglaugh: ---
**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 1, 2008, 10:39am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/3 "2008-02-01T10:39:24Z")
> [@AWDrifter](#): > > Can I refinance before my house is actually done?:biglaugh: it could prolly be done, though i’m sure you’d have to pay to do so, lol. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [February 1, 2008, 10:43am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/4 "2008-02-01T10:43:30Z")
Seriously though I think I will refinance soon after it is done. I am paying 6.625%.:jawdrop: ---
**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 1, 2008, 10:56am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/5 "2008-02-01T10:56:14Z")
> [@AWDrifter](#): > > Seriously though I think I will refinance soon after it is done. > I am paying 6.625%.:jawdrop: holy shit, when did you take it out? standard (non-construction) 15 yr rates were ~4.8 as of last week. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [February 1, 2008, 10:58am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/6 "2008-02-01T10:58:28Z")
It was over a year ago. Yeah, it’s been a long project.☹ 30 year, jumbo, construction. ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [February 1, 2008, 11:04am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/7 "2008-02-01T11:04:14Z")
im thinking about refinancing im at 7% ---
**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 1, 2008, 11:06am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/8 "2008-02-01T11:06:21Z")
ouch. You’re prolly far better off with a streamline refi asa you have a CO. sheesh. uhh, national average is 5.49, before points et al. ---
**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\ **Post date:** [February 1, 2008, 11:18am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/9 "2008-02-01T11:18:52Z")
> [@AWDrifter](#): > > It was over a year ago. > Yeah, it’s been a long project.☹ > 30 year, jumbo, construction. depending who you go thru, I think the fee at HSBC is $350 to get a rate roll down ---
**Author:** ![Zer0DazE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/zer0daze/32/7624_2.png) [@Zer0DazE](https://forums.speedlife.net/u/Zer0DazE)\ **Post date:** [February 1, 2008, 11:29am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/10 "2008-02-01T11:29:28Z")
im at 5.75, and if it gets under 5 i would probably refinance. ---
**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 1, 2008, 11:33am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/11 "2008-02-01T11:33:49Z")
> [@Zer0DazE](#): > > im at 5.75, and if it gets under 5 i would probably refinance. Interest Rate 5.603% 👋 ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [February 1, 2008, 11:33am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/12 "2008-02-01T11:33:50Z")
i have a streamline FHA HUD 203k loan…??? dont know if that has diff %'s ---
**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 1, 2008, 11:35am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/13 "2008-02-01T11:35:00Z")
> [@justa4door](#): > > i have a streamline FHA HUD 203k loan…??? dont know if that has diff %'s yar, rehab loans are a different animal. ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [February 1, 2008, 11:39am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/14 "2008-02-01T11:39:48Z")
I’m at 5.375, not worth it to refi unless I could drop a whole point, and have negligable closing costs. I’m not going to buy points either, thats for the birds. Plus, I’ll probably be upgrading in the not to distant future. ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [February 1, 2008, 11:49am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/15 "2008-02-01T11:49:56Z")
> [@Nikuk](#): > > yar, rehab loans are a different animal. tell me about it …no one should ever get one…i have had the worst time w/ m&t you dont even know ---
**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 1, 2008, 11:55am UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/16 "2008-02-01T11:55:06Z")
> [@justa4door](#): > > tell me about it …no one should ever get one…i have had the worst time w/ m&t you dont even know ya, rehab loans are a PITA no matter what, or what bank. ---
**Author:** ![TurboTSi](https://avatars.discourse-cdn.com/v4/letter/t/22d042/32.png) [@TurboTSi](https://forums.speedlife.net/u/TurboTSi)\ **Post date:** [February 1, 2008, 3:19pm UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/17 "2008-02-01T15:19:27Z")
I have a 5.875 rate on a 15 year mortgage I got back in June. How much does it cost, total, to refinance if the rates dip into the 4’s? ---
**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 1, 2008, 3:29pm UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/18 "2008-02-01T15:29:34Z")
cost depend on the lender (closing, app fees, points, etc). [http://dinkytown.net/java/MortgageRefinance.html](http://dinkytown.net/java/MortgageRefinance.html) ---
**Author:** ![slasky](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slasky/32/7408_2.png) [@slasky](https://forums.speedlife.net/u/slasky)\ **Post date:** [February 1, 2008, 3:43pm UTC](https://forums.speedlife.net/t/us-payrolls-fell-17-000-in-january/42773/19 "2008-02-01T15:43:33Z")
I am at 6.5% and I refinanced a little over a year ago and dropped it to a 15 year. So unless it really goes down a lot I think I will hold on to what I have now. Besides I plan on buying a new house in 3 to 4 years.