Refinance NOW!

Are you considering refinancing your home loan?  Have you been waiting to lock your rate?  Today is a great day to lock.  10 year treasury rates are at 1.96%.  You can easily get a 30 year fixed mortgage at 3.75% with no additional points.  That isn't to say there will be no closing costs, and probably additional origination fees.  You can get a loan with no closing costs right now with a slightly higher interest rate of 3.875%.

If you're underwater on your loan, there are some good opportunities coming up to refinance into a lower rate.  I'll talk about those options in another blog post soon.