Good rate? 5.125 no points, no fees 15 year fixedI think I originally post this question under the wrong category. This is for a re-fi (115K) with cash out (100K to pay off 2nd). Would you lock it in? I have until July 27th to decide, but the interest rates suddenly spiked. Should the interest rates drop 60 days after I close, the bank will honor this and will do the paperwork at no cost.My rate on my existing loan is 4.875% and it's 3% (subject to the prime rate) on my 2nd. My reason on re-fi is to consolidate all bills. Do you think the interest rates will go up in the summer? thanks!June 04 2009 - Vallejo0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.