Falling Mortgage Rates

[bjarvis]

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.

Comments

[billeyler.livejournal.com]

We just refinanced in August and we're already looking again. We've got a 6.375 on a 30 year.