[Aurel]

Originally Posted by Souk

Figured I'd update....

...a while ago I was fretting about locking in and refinancing at 5.25% since my 4.875% balloon was up later this year. I figured I might never get 4.875% on a 30 yr, but was aiming for 5%.

We might see 4.5% or we might not...but I didn't want to gamble and see rates go higher after this current low. So today I locked in 4.875% with Countrywide on a 30 yr through an old college buddy who runs the group in Chicago.

Did countrywide offer you 4.875% with no points? They were my lender and have offered me that rate, but for 1.25 points. Their 0 points rate was 5.25%, so I went with Sovereign Bank who gave me 4.99% with no points for 30 yr fixed.