Dave! mortgage rates are LOW!!!
My house is paid off (sorry Dave), but has anyone seen mortgage rates lately?
Just getting off the phone w/ my bank's mortgage person, I can get refinanced at 5.35% (30 yr) with only a $2,500 fee...out the door.
When did this happen? I thought low interest loans were history?
Dave, you have this "cash is king" philosophy. Do you suggest that I do this? I'm guessing your answer is yes.
Although I have no idea about what to do with the cash-out I would receive from this, that interest rate is very compelling.
I do NOT like debt of any kind, but it could be argued that in this environment... a 5.35% 30yr loan looks crazy cheap.
Should I refinance?