Refinancing rates - real or fantasy?
I'm thinking of refinancing (I'm currently at 5.75). This morning in the paper they are saying that 15 year or 10 year mortgages are averaging 4.41 percent, and the average points are half a point.
So I called the person who did my financing years ago, and the best I could get from him was 4.5 with one point for 15 years.
Is this a good deal, or can you do better? I hate the points and up front costs the most...