refinancing

Yeah..wear orange. Shelly is hiding in the brush drawing a bead on this post as we speak.

that's what I was hoping

Ahh..the old "Honey Trap"......
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RUN SHELL!! IT'S A SETUP!

(I'm home early and bored..if you can't tell)

It depends on how long you are planning staying in your house. And usually they say, don't consider unless it is at least a point difference, or maybe you are moving from a 30yr fixed, to a 15yr fixed.

Go to http://bankrate.com/ go to mortgage calculator and run the different scenarios.

Just looking at your rate is not enough information. What kind of loan are you in now? How long is left on it? What type of loan would you want if you refinance? Is it your primary residence, a 2nd home, or an investment? How long do you plan to keep the property? How much do you owe vs. the appraised value? What would your cost be to refi (closing costs)?

i.e fill in the appropriate blanks in the calculator. Read a bit to make an educated guess about the rate..remember to breathe with your mouth closed etc..

Yes, have run the various calculators, and was just curious if others were using the opportunity of the current lowering of interest rates to refinance. Don't know how long I will live here; haven't decided if it is a primary or secondary residence, and am only financing about 15% of its tax assessed value. Just looking to save a few bucks to contribute to the local economy at Borago or Bud and Alleys.

Yes, have run the various calculators, and was just curious if others were using the opportunity of the current lowering of interest rates to refinance. Don't know how long I will live here; haven't decided if it is a primary or secondary residence, and am only financing about 15% of its tax assessed value. Just looking to save a few bucks to contribute to the local economy at Borago or Bud and Alleys.

Smart to sweeten the pot this way. I figured it surely would've drawn Shelly out. Hmm ..post something about how a bottom is surely in and nothing but sunny skies ahead in real estate. That may be a bit obvious though at this point and the Shellybear is the most crafty and sly of creatures.