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Falling Mortgage Rates
With the recent plunge in mortgage interest rates, I thought I'd check to see if it's worth refinancing.
We currently have 5.25% fixed rate on a 15 year mortgage, last refinanced in 2005. The current lowest rate I can find for a similar mortgage is 4.875%. While the rate is lower, it's not really worth the fees and headaches.
When it drops to 4.75% or lower, I'll take another look.
We currently have 5.25% fixed rate on a 15 year mortgage, last refinanced in 2005. The current lowest rate I can find for a similar mortgage is 4.875%. While the rate is lower, it's not really worth the fees and headaches.
When it drops to 4.75% or lower, I'll take another look.