[Frantzie]

Make sure there are no fees bundled in. My guess is you could get lower but with no fees they are giving you 4.875%. Make sure there are no doc stamps with your county or recording fees.

$40,000 at 5.1% is almost not worth it unless you can get maybe around 4.375% with no fees. Her advice to wait is probably good.

To the original poster - 4.875% in the current environment is not a great deal on a 30 year. I refied about $150,000 4 years ago or so at 4.75% on a 15 year.

[Dawn531]

$40,000 at 5.1% is almost not worth it unless you can get maybe around 4.375% with no fees. Her advice to wait is probably good.

Thanks for the info. That's basically what the banker said, she said to refinance for that small amount the rates would need to go down a good deal more in order to make it worthwhile..