Good morning! Ill try and be brief..my wife and I are looking to refinance our home. It's a relatively new home that was finished exactly a year ago in May 2018. We did a 2 time closing new construction loan, and at the time of the 2nd close (last week of May 2018) the rates had come up a bit. We closed with a local bank, and painfully ended up with a 5% rate on the final date of closing.
It seems at the time there was a bit if anxiety with the possibility of rates and the economy worsening. We did not buy any points. However, it seems after a few short weeks things started to improve and it seems have maintained well. Our rate is fixed, and we are wanting to refinance. We have excellent credit, and a strong financial background. Does anyone on here do refinancing? Thank you in advance!
It seems at the time there was a bit if anxiety with the possibility of rates and the economy worsening. We did not buy any points. However, it seems after a few short weeks things started to improve and it seems have maintained well. Our rate is fixed, and we are wanting to refinance. We have excellent credit, and a strong financial background. Does anyone on here do refinancing? Thank you in advance!