Seeking mortgage refinance

[Gordon D.]

Hello,

I'd like to refinance my first and only mortgage, right now I am at 4.5%, anyone know a reputable lender giving 3% or below? Thank you

[Chris Mason]

Rates are actually up a little bit today, relative to yesterday.

Everyone is pulling back on pricing to slow down volume, just b/c the fed dropped the overnight interbank rate does not mean banks magically spawned an additional 500 underwriters each. 

No crystal ball, but the bottom very well may have been yesterday, and everyone who needed to "think about it" or "ask around" missed out.

Rates are still phenomenal relative to six months ago or two years ago, however. Or even three weeks ago. Gotta use the latrine or depart the facilities to get in while the gettin' is good. Supply and demand drive prices for ALL things real estate, and demand for refinances is ridiculously high right now (partially, but not entirely, offsetting the T-note having it's bottom drop off), probably going to be increasing in the short term.