These rates are the lowest I've seen, today called the Mrs up and said
"honey the time is now to refinance".....
Today Rates 12/19/08
5.125 -0.777 -0.527 -0.402 -0.152
5.000 -0.575 -0.325 -0.200 0.050
4.875 -0.318 -0.068 0.057 0.307
4.750 0.149 0.399 0.524 0.774
4.625 0.257 0.507 0.632 0.882
4.500 0.609 0.859 0.984 1.234
4.375 1.035 1.285 1.410 1.660
4.250 1.669 1.919 2.044 2.294
Locked in today, did my own 1003 application and ordered my own appraisal, with the ability to change the lenders name.
Going to order and pay for my own title search.
Credit ran today - 796 mid score.
Approximate Value $330k (Zillow) = 61% LTV
Good Income / Assets
Owe 1st $90k / 2nd $75k / Cash out for new driveway / bathroom / new exterior siding = Loan Amount $200k.
Going save $400 a month from what we are currently paying, looking at a 240 mth loan.
Rate Buy Down = $3400
Appraisal =$250
Title Check =$295
State Tax 0.75% = $1500
Underwriting fee =$450
No Junk Fees"
Closing Costs =
$5445
Costing 1.7 in points, but over the life of my loan will save me thousands ......
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