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Is it time to refinance?

By
Services for Real Estate Pros with Rentals Online, LLC.

With mortgage rates coming down so low, I have started looking into refinancing my home.  I would like to get a 15 year fixed rate mortgage under 5%.  I see a lot of ads like on Yahoo Finance that show the national average is well below that, but when I try to find a lender with that rate, it's not so easy.  Check out more of the details on my blog post at RentingNews.com

Please let me know if anyone knows of a good resource for comparing rates.

Comments(2)

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Nancy Brenner
Referral Associates of Georgia, Inc. - Roswell, GA
Roswell Georgia Real Estate Agent
We've been talking about refinancing, too.  We already have a good rate at 5.75% but I've given my info to a lender and as soon as rates hit a certain level, we'll be locking in.
Jan 24, 2008 11:54 PM
Don Romanek
Rentals Online, LLC. - Readington, NJ

Nancy,

 That sounds like a great approach.  Even 1% can save a lot of money on your monthly payments and you would be close to that now with a 15 year.  I might do the same thing.

Jan 25, 2008 02:06 AM