I’m looking at the Refinance Program, although according to the Fannie Mae web site the refinance rates are currently 5.16%.

As for myself, I’m already at 5.1% fixed 30 years.

Still, resetting my loan back to 30 years will reduce my payments and once we get reassessed (with a fight I’m sure) it should drop our payments by $200/month.

I just want to break close to even (monthly) when I rent out our house.

The LTV is an issue though still to be addressed.

In California 105% LTV won’t be that helpful I suspect.