Originally Posted by seeing_stars
We bought in November at 5.5% and just signed the refi for 4.875% on Wednesday. Our broker called us and offered the refi with no fees and they would even pay our prepaids. Can't beat that.
heh, same here, sort of. bought in the 90's, but refi'd (no cost) in nov at 5.25%, and just signed weds (again no cost) at 4.875%, for a 30y fixed rate.
i think rates will sit low for a while. any raise will totally tank the "recovery," so the fed will continue to support low rates, probably even inch them lower. although they're running out of room for that; can't get much lower than 4% unless they start making the prime rate negative!