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Updated over 5 years ago on . Most recent reply

Who's refinancing March 2020?
I just got a quote for 3.0% on my primary. On $250K at 4.375% at present, a drop to 3.0 will see my monthly drop by $200, and interest reduction of $300 on the first repayment. Is now the right time to refi, or should I hold out til next month? My bank manager said he's locking his own in at present rates (he probably gets a better rate). I feel like I should follow suit. Any thoughts?
Most Popular Reply

I'm Refi-ing my apartments. Hoping to close next week. 4.35% 25 year. The 0.5% drop from yesterday will make a difference but I don't see lenders coming down all the way. I'm just happy to get down from my 6% and save my $600 per month on each property.