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WBWI · 01-14-2009, 11:04 AM

That's great news! 4.5% is an awesome rate, but the cost seems high. We're refinancing our "new" home that is at 5.75% and we locked at 4.875%. It was about a $260 savings per month. Closing costs will be in the $1200 range.

I've talked to a few of my coworkers that are chasing that 4.5 - 4.75% rate. They may get lucky or that may lose the bet and find that rates jumped back to the 5% range. I'll take any rate under 5%.

01-14-2009, 11:04 AM	#2 (permalink)
WBWI Silver Member Join Date: Aug 2007 Location: SE Wisconsin Posts: 210	Re: Interest Rates/Refinance That's great news! 4.5% is an awesome rate, but the cost seems high. We're refinancing our "new" home that is at 5.75% and we locked at 4.875%. It was about a $260 savings per month. Closing costs will be in the $1200 range. I've talked to a few of my coworkers that are chasing that 4.5 - 4.75% rate. They may get lucky or that may lose the bet and find that rates jumped back to the 5% range. I'll take any rate under 5%. __________________ Tractor: Kubota L3130 HST w/LA513 loader, JRW Snowblower, Big Bee Agri-four rotary mower and Land pride 72" finish mower Terrain- 5.25 acres, hilly, partially wooded, 700' concrete driveway.