Dan Swan says:
I am looking to refinance if I can get a rate under 5% on a
fixed 15 year mortgage.
* excellent credit (~800)
* $95k balance
* take $25k in cash
* home value ~$325,000
* current annual income about $70,000
* total loan amount ~ $120k
Peter had called me before and wanted to know if I was interested in refinancing soon and I said no because the
rates didn't seem to be going lower. But I have heard that
the financial crisis we are now in could lower rates. I am
interested in finding out more.