If you've refied lately, what rate?

[shortstax]

We just contacted our broker to refi last night. I'll let you know what I hear

[Deleted]

Closed friday before xmas with WF @ 3.25

[jewel]

I just got a quote for 3.75 through a broker, but our LTV ratio is around 95%, so that increases the rate a bit.

[Deleted]

We refinanced a jumbo loan to a 15 year at 3.125%. To be honest, I can't remember our closing costs-- a few thousand, nothing crazy.

[LoveTrains]

I closed in November with 3.5% with no points on a 30 year fixed (purchase). If I had locked a week later I could have gotten 3.375% with no points. That was with only 5% down. My broker said he could have done 3.25% if I was putting more down.

[elcjet]

We're working with a broker on a 30-year fixed at 3.625% right now....no closing costs.

[calico]

We refi'd an FHA 30-year fixed at 3.5% in October with $1300 in closing costs. It would have been $0, but the settlement company was run by a bunch of idiots and demanded money for the 2nd installment of property taxes even though it had just been paid 2 days before by my previous mortgage company AND I had proof. I'm still waiting for the slow-ass county to refund my duplicate payment.

[randp]

we refi-ed at the end of Nov - 20yr at 3.25%. i think with appraisal, title, etc., it was ~$1,800.

We used a small company in NJ to do the refinancing. they keep their actual fees pretty low. The way they make their $$ is by bundling loans & selling them to larger banks. This is the 3rd time we used them.

[jackie011]

We refi'd in November at 3.25%. We used an independent broker who was highly recommended by a co-worker after I got the major run around from our bank. The loan has already been sold to Wells Fargo. We paid nothing OOP and received about $2000 back from various over payments and such. It was perfect for us!

[Deleted]

we closed the first week of Nov at 3.375% on a 20 yr with Quicken. We brought about $800 (I think) to closing, but part of that was to pay down the principal balance because I wanted an even number-lol

[marclovesme]

We closed our 30 year refi a month ago at 3.25% with a local bank. We used the same bank as our original mortgage loan since they have the best rates. They told us from the get go the loan would be sold to Chase, and it was.

We paid somewhere around $7,000, but well over $5,000 was property tax, interest and our first mortgage payment, so probably ~$1,000 in closing costs? This included our attorney, title insurance, credit reports and a minimal application fee.

ETA: We bought our home 3 years ago.

[sometimesrunner]

We closed on Dec. 11th on a 15 year at 2.75%. It would have been 2.625 but we did a cash out so we can finish our basement. (I know, I know; at least the money we took out was actually what we had paid down since our house hasn't increased in value in the 3 years we've owned it.)

[bunch]

I was quoted a 3.5 yesterday for a 30 yr.

[chessie]

We looked into it, the best they could get for a streamline for us was 3.87 we decided not worth it for us since PMI would go up.

[magpie]

We just did a 15 year at 2.85%.

[barefootcontessa]

3.4 percent, conventional 30 year, 20 percent down. This was a conversion of a construction to permanent loan, so we could not shop around. Still very happy though. The closing costs are around $6500 but most of it are prepaid taxes and insurance. When we started this process back in October, the projected rate was 4.0.

[catbus]

3.25%; we locked Nov. 21.
Bought July 2011 at 4.25%, so I felt silly looking into a refi already, but our loan officer showed us that it would pay off really quickly.

[Deleted]

Jan 9, 2013 13:31:05 GMT -5 catbus said:

3.25%; we locked Nov. 21.

We locked somewhere around 11/6-11/19 and got 3.25% too. I felt that we should have held out a bit longer b/c it went to 3.18% during the 2nd week in Dec. But I guess I that isnt a big difference from 3.25%.

[Mashara]

We just closed a new 30 year with Quicken Loans for 3.75%

Definitely not bad, since our house had lost value. $4500 in closing, but over half was escrow.

[abramos]

We closed on our re-fi last month with 3.625% (a whole 1% lower) at 30 yr conventional.
It was a "no cost refi", however we had to bring money to the table to set up our impound account.

[sillygoosegirl]

3.5%, 30-year fixed, 25% down, excellent credit, locked the first week of December, and I think we kind of got screwed by our broker, but it was a new purchase and we had a deadline. I've got a rate tracker set up at our Credit Union and am hoping to refinance at a lower rate, though it does require rates to drop at least a tiny bit for it to be worth paying another origination fee. I think we'd get 3.375% at our Credit Union today, so not quite worth it.

[imojoebunny]

We have 2.8% on a 15 year on our main house. We refied in the spring. The rates have been lower since then.

[gogreengowhite]

2.875 for 15 years.

There is a bank near us who was the only one offering this rate, but you had to have a checking acct, auto pay, etc.

I put my info into lending tree and the first person who called quoted a higher rate. I told her the bank's rate and she matched it. I had to ignore phone calls for the next 3 weeks, but I didn't have to jump through hoops for the rate.

[RandZB]

Closed today at 3.75%, closing costs at $3000.

[hurricanedrunk]

Working on a refinancing at 3.6 30 year fixed. Closing costs are estimated to be around $1700.

[wanderlustmom]

We refinanced in November to a 15 year, 2.875 loan, no closing costs.

[jlt19]

We closed on 12/19 with Wells Fargo at 3.25%. We had to bring $1100 to closing, but we got a check back from the title company for $2800 b/c of the timing of our tax payment. And then we had to pay and $800 shortage back to the old loan b/c of all that. So in reality, we netted $900.

One suggestion I should have taken from a former mortgage broker friend of mine. Set your closing on the first or second of the month. Then you don't have to pay your mortgage for 2 full months vs. the usual 1 you get out of.

I will say though that it took Wells Fargo almost FOUR months to close us. I was livid. I had a local bank offer the same rate and a 26 day turnaround, but that was near the end of this deal and I just stuck it out.

[RandZB]

Forgot to add we went through Coldwell Banker.

[simpsongal]

3.5% for a conventional 80/20 30 yr jumbo loan. Fifth Third bank.

It cost about $3,500 to refi (including interest and whatnot to cover the time between closing & new payments - we closed at the end of the month, unfortunately). We had to bring another $5,000 to the table to cover our escrow costs, which are being slowly reimbursed. They double paid our taxes, so it's been a bit of a headache.

I don't think it's worth it to refi unless you're dropping a full point, or dropping PMI. Our payment went down about $650/mo.

[fromage]

We closed in November. 3.65% no closing costs. It was our second refi since we bought our house in February 2011. We didn't pay closing costs for either.