Refinancing For Jumbo Loan

[Barry Steyn]

Hi All

I live in the Bay Area (San Jose to be exact), and yup, houses are expensive here. I currently have 20% equity in my home, and a 30 year fixed jumbo loan for 840K at 4.125% fixed. I have had the loan for about 6 months, but in the interim, the interest rate has fallen quite a bit. My FICO score is 775, and so I would like to refinance so I do not have to pay so much each month. However, I am struggling to get a better deal than 4.125%. I am aware of closing costs, but I want to try negotiate a little on these costs.

Am I able to get better than 4.125%? Of course, I would like fixed mortgage, not an ARM.

Thank you in advance to anyone who can help me out