I think our closing costs are high but they are inline with the banks in the area. We checked.
The guestimate we received from the Farm Bureau bank for closing costs was higher than what we are paying and the were at least .25% higher on the rate.
My two cents is that the rate is going to go a bit lower. But how much lower is the big dollar question. 4.25? 4.00?
My trigger was if we saw 4.5 then we would take it. People loose money trying to time the market when to sell. I don't want to loose money trying to time the mortgage market to get the absolute best rate.
A bird in hand is better than two in the bush.
Later,
Dan