Quote:
Originally Posted by Neilk
I'm not sure how much lower they might go, but I am about ready to pull the trigger on a 30 at 5.125%. I've have wasted enough money waiting for them to reach 4.5% as had been floated to the press in mid December by the Treasury. Our current rate is 6.5% .
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Shop around- you should be able to get 5% without paying points.
I'd refinance now- no telling when/if they might start to climb.
If you are in the 6's or higher and waiting to refinance because you think rates will drop farther you can find a lender who will pay all your costs and reduce your rate. You end up with a higher interest rate than if you paid your own closing costs but if rates drop it cost you nothing.