REFI Rate of 4.875%

[dougcs]

I checked BoA for refi rates in my state (TX) and it has dropped to 4.875%!!! -5.08 APR with points included.
First time I ever saw under 5%.

DS

 

[hoodooman]

Here in Raleigh, a builder was offering a thirty year fixed rate mortgage of 4.75% in Saturdays paper.

 

[taclander]

Geez, in 2004 I took out a 15 yr at 4.75%. They still haven't gotten that low again here. Maybe after today they'll bring them down some more, but so far lowest I've seen locally is 4.875 for a 15yr. I'd like to swing getting a 7-9 yr at 4.25 or less. )

 

[stevegee58]

I was thinking the same thing. We're more than half-way through a 15 year. Thing is, most of the payment is principle at this point I think.

 

[hoodooman]

Make extra principal payments. I did that and paid for my first house in 6 years and then my second one in 6 years.