Rate and Term refi on a new condo bought 6 months ago

[Anil Kannepalli]

Hello all

I bought a new condo with a Jumbo mortgage and 90%LTV in Aug 2018. There is no PMI. The price was locked in 2017 before the construction began and the market value went up since: newer condos in the same project (same floorplan, same street) were sold for 20% higher by the builder in the last few months. I'm looking for a simple rate and term refi (no cash out) with appraisal at market value, that should put me at <80% LTV and give a decent rate.

Is this possible given it's a Jumbo and I've held the property for less than a year?

Appreciate some advice here.

Thanks!