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The blog about making money (just like everyone else) but also about trying to help others at the same time.

Sunday, February 3, 2008

Any actual refinancing stories?

So with the fed cuts we are seeing lots of news about refinancing opportunities and that there is a surge in refinancing applications. So I am interested what kind of rates people are able to procure through refinancing recently. I am curious because before the third week of January it seems like mortage rates were on a downward trend but the last week of January, mortgage rates went up even with the rate cut. I know my colleague refinanced his NJ house and went from 6.25 to 5.25. Anyone else have any refinancing stories?

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