[RickFLM4]

Yesterday I locked in to a 15-year fixed refi at 2.375%, no points or lender fees and appraisal waived. Of course, like any refi, there are title insurance fees and state fees involved, but no lender fees. Factoring in those 3rd party fees moves the APY to a little over 2.4%.

Today’s movement in 10-year Treasuries not withstanding, the increase in bond yields, general state of the economy, COVID re-openings and gasoline about to be poured in the form of “stimulus” make me believe these low rates will continue to move up. In the absence of another catastrophe, hard to imagine them getting much lower again anytime soon. So I’m pretty happy to get into this rate to refi what’s left on 3.5% primary and 4.25% (but variable) HELOC we used for some renovations. 2.4% is still incredibly low, at least during my lifetime.