Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago on . Most recent reply
![Michael King's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1481928/1694569369-avatar-michaelk664.jpg?twic=v1/output=image/cover=128x128&v=2)
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
![Blake Garcia's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/139463/1621418941-avatar-blakejgarcia.jpg?twic=v1/output=image/cover=128x128&v=2)
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.