Refinance?

I have been in the business 21 years, the 10 and 15 year rates should be a bit lower, the coupons are just there for the rates to drop.  I have been at a 10 year fixed rate at 3.25% with no fees for over 35 days, no movement at all, the 15 has move slightly.

Depeche I dont know what you do for work or your financial situaion, but I always recommend to my customers do a 20 year, and pay it down on your pace, based on a 15 yr payoff. It works if you are displined with money. 

Over the last 2-3 years I( have has over 50 customers come back, begging to get out of their 15 yr, because they need payment relief, because they are  out of work or their wife is.   then it gets tricky, there value is down, their credit sucks, and now they fall behind.  Not saying that it is going to happen to you or anybody else, but the lesson I have learned is that the Banks and Mortgage Companies dont give a shit about the people who are hurting.

.25%  rule of thumb between each

so yes a .50%  from 15 to 30

15 yr 3.625

20 yr 3.875

30   4.125   all of those are no fees at all, yes the paerwork sucks I honestly use to love this job, now I Fucking despise it

Yes you will definately be happy that you did this, but the entire process is a real ball breaker for the consumer, for the loan officer, and everybody involved.,

It was absolutely stupid the loan products that where available 5-7 years ago,  however the pendulum has swung so far the other way, that  AAAAAA++++++ borrowers are being forced to over document very plain and simple vanilla loans.

The credit inquery is the one that irks me.  My Company pulls your credit for a mortgage and then you have to explain to my underwriter, why you had your credit pulled.  thank you Barney Frank and Chris Dodd