So, right now Amerisave is offering:
Rate Payment APR Fees
3.750% $2,709 3.906% $10,304
3.875% $2,751 3.948% $4,483
4.000% $2,793 4.029% $622
4.125% $2,835 4.154% $-1,931
4.250% $2,878 4.280% $-2,821
4.375% $2,921 4.406% $-6,225

To my inexperienced eye, the 4% or 4.125% refi looks best. Paying points takes 8 years, while the difference between the 4% and 4.125% works out to 5 years. Thoughts?

Also, it seems to me like rates might go up after this week’s chaos stabilizes. Or does the smart money wait to refi?

(I’m tempted to get the 3.25% 15-year option, but higher payment may really suck when we have more kids and my wife wants a couple years off work)