 Quote:
Originally Posted by Gardnr
Navy Fed CU
15 yr fixed
4.25% 1.875 pts
4.625% no pts
30 yr fixed
4.75% 2.875 pts
5.125% no pts
The rates with discount pts yield the lowest APR. But if you're not staying very long in the house you might not want to pay the points. Since I plan to stay here forever and I can't imagine ever getting a significantly lower (if lower at all) rate to refi again, I'm going with the 4.25 15 yr fixed; lowered from my current 6% 30 yr (with 17 yrs remaining after some paid down principal). Sweet deal.
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My primary residence mortgage is currently held by Chase. 30 year fixed @ 5.875%. I have about 14 years left to pay. I am also a member of NFCU, as well as USAA, and Pen Fed CU. I truly believe the interest rates are going to come down significantly more than they are now. I'm looking for something around 3-3.5% on a 15 year fixed SOON! 
Mike
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