great time to do refinance - got 2.875% 30 year fixed today

[Steve C.]

Just letting everyone know that it is a great time to get refinance.

I locked the rate at 2.875% (from 3.5%) this morning for 30 years fixed for primary residence. Also, locked the rate at 3.625% (from 5.5%, paid around $1000 for loan cost, 4.125% was no loan cost) for 30 years fixed for investment property.

http://www.mortgagenewsdaily.c...

I would recommend checking with your mortgage officer about refinance.