You’re correct that a refi to a conventional loan would now be a jumbo – which would defeat the purpose of refi’ing. I’m just a bit miffed that I could have locked into a low 4% loan a couple months ago (I’m only 1 yr into my current loan).
About the FHA option. I’m reasonably confident that our property could appraise for $850. Is this option even worthwhile if I’m under 78% LTV? Especially given that the loan is assumable?
I’m completely with you on the HELOC adjustability which is why I’m apprehensive about that path. I do have leverage to pay that off in a pinch by selling off other assets if rates were to skyrocket.
I am currently leaving things as is, but thought there may be other options I’m not considering.
Here’s hoping that the conventional limits will go back up! Thanks for the input.
