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Reply to "When to refinance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are waiting until it goes below 6[/quote] what is your current rate? so you would refinance at, say, 5.8? we initially planned to wait till 5.0. but our monthly payment is huge.[/quote] My rate is 6.5% from last year. It's not worth the thousands of dollars for us to refinance until it goes down to at least 5.5%. Our mortgage is also $600K.[/quote] We are in the same boat. 6.5 rate on just north of 600K. When do folks predict that'll be worth refinancing? We have a 30 year and want to stay in the house for a while but not forever. [/quote]
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