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Today rates at Wells appear to be 5.0%, with a point you can get 4.875%. Yesterday a point got you 4.75%.
I'm getting my paperwork in and hoping for another dip.
I have 5.875% now, with a dip down to 5% and consolidating my heloc into my 30 year fixed I remove that HELOC from existance and saves me a few hundred a month on my mortgage. All in all - it saves me enough to be worth the effort but I am considering paying for that poing it if it will get me down to 4.75%. The break even for that is 3.4 years in my calculations. I'll be in the house longer than that I think.
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-The Mikester
I heart Boobies
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