So Much for a Refi: Sunday Shout-out

Crazy that we only just closed on our house in June and are already thinking about refinancing, but interest rates have gone down since then and thanks to that Twisty thing the Fed pulled the other day rates sank even lower. Then again, it’s possible the value of my house did as well. Even though we’ve put in $20,000 worth of plumbing upgrades.

My dad suggested we hold off until our renovation is done. Getting appraised mid-reno could hurt us and of course the value of the house will be up substantially once the work is complete.

But really, it was this post by Kim Tracy Prince, AKA Agoura Hills Mom, that scared me off from getting our house reappraised.

Have you refi’d lately?

 

2 Responses to So Much for a Refi: Sunday Shout-out
  1. Jill in Atlanta
    September 25, 2011 | 12:25 pm

    Last week! We closed at 3 5/8% which was significantly better than before. Our mortgage is $500 less each month and is now a 20 year instead of a 30 year.

  2. Kristina
    September 25, 2011 | 12:45 pm

    I feel like we constantly refi. Not sure it saves us cause of the closing costs, etc. I think we’ll hold back this time.