I noticed that, for once, rates at SDCCU are actually competitive with the rest of the market. I’m seriously considering refinancing. I bailed on refinancing last year because right when I started looking rates started going up.
My first is at 5.875% and my second is at 7.25% for a blended rate of 6.15%.
I’ve been in my house about 7 years. Although I hate the idea of taking out a new 30 year loan, I figure that at 30 year loan rates my payment would be less than my current first and I could keep paying the same amount. That gives me some breathing room if I ever decide to move and rent this place out as I’d almost be in the black (less property taxes) on the payment.
