Possibility of refinance to 30 year fixed loan at under 6%

[Li Ou]

I bought my home 2 years ago with a 10/1 ARM in the San Francisco Bay Area, Pacifica to be exact, rate for the first 10 years is fixed at 5.875%. Thinking of refinance it to a 30 year fixed just don't wanna take the risk of potentially higher payment after 10 years. LTV less than 60%, credit score 750. Any chance there's lender out there can pull off a refinance loan at a rate under 6%? Thanks in advance

[Chris Seveney]

Quote from @Li Ou:

I bought my home 2 years ago with a 10/1 ARM in the San Francisco Bay Area, Pacifica to be exact, rate for the first 10 years is fixed at 5.875%. Thinking of refinance it to a 30 year fixed just don't wanna take the risk of potentially higher payment after 10 years. LTV less than 60%, credit score 750. Any chance there's lender out there can pull off a refinance loan at a rate under 6%? Thanks in advance

personally I would still wait and hold out. you have 8 years until you have to refinance and to get under 6 you may have to pay several points - it is highly unlikely we will see rates significantly higher over the next 2-4 years and potential that they come down slightly, the economy will eventually tank which will drop rates - so I would still hold out a little longer. Also with the LTV you have it should not be a problem to refinance at any time in the future.