Just refinanced at 3.75%

MrsStubbs

I started checking into it when eclaires was talking about hers. Well at that time it was 4% and she just called me today and said we can lock in at 3.75%.

AnnapolisLari

I hate you.

We just got 4 7/8%, and the rates have gone down a full point since then. <sigh>

joseysbride

That's awesome!  We just refinanced, too, and ours was just over 4%.  I can't even remember anymore now.

veloelle

Do you know what the fees are? We tried to refi last year, and the fees didn't make it pencil out for us. If we can get a good refi, I'd like to try again.

JOEBunny

We are about to refi a rental to a 15 year, so it will throw off income when DD is in college.  We are around 4.25% now (1/2 point premium for an investment property), but can't lock until the appraiser finishes his job and we can set a date to close.  I hope it happens soon! 

Our payment will barely go up and we will pay it off 9 year sooner!

omurray

That is so awesome!!!  I locked a refi rate a couple weeks ago at 4.375.  Sure wish I had waited a little longer, but of course hind sight is 20/20. 

MrsStubbs

veloelle:

Do you know what the fees are? We tried to refi last year, and the fees didn't make it pencil out for us. If we can get a good refi, I'd like to try again.

 I think it was about 3000. We are 6yrs into our 30yr and did a 15yr and it will save us 10000 after the fees. Our payment only went up $40.

joseysbride

We refinanced through US Bank, and they paid all the fees, including closing costs and the appraisal.  Our payment is only dollars different, but we financed for 5 or 6 years less than what we had left.

eclaires

that's awesome!

We were pretty happy when we locked in at 4.25 about 3 weeks ago, but wow!  So you moved to a 15 year mortgage?  That'll be nice to pay it off earlier!

kertybird

I hate you all!! Since CA got hit so hard we have lost about 45% equity since we purchased 6 years ago! Our loan is at 6.75% and 10.5%...makes me ill! And since we aren't FAnnie Mae we can't find anyone to help us