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Is a refinance rate of 4.25 good?

Refinancing loan from 5.0 to 4.25 zero points, no fees...am I getting a good deal?  Nothing out of pocket.
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June 14 - Los Angeles
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well rates are based on your profile, LTV, Fico, DTI etc. So for you that could be a great rate. For others it could be high. You have to give us all of your information to find an accurate rate. 
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June 16
Check multiple sources.  That is what I recommend to my clients when they are applying for a mortgage or refinance.  
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June 14
I would suggest that you pay your own closing cost and have it wrap in the loan vs the so call lender giving you a higher rate and pocketing the rebate. Look at a 3.75% -4% rate over 30 year. If you need help selecting the best terms i can assist you and save you $.
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June 14
I recommend what Justin said--check for rates there.  Click on "Mortgage" at the top of the page and then click on "Mortgage Rates" and enter your scenario there. 

Most likely the rates listed there will have fees.  If you find 4.00% or better, you could possibly do better than the 4.25% you were quoted since 4.125% may yield enough rebate to cover your closing costs. 

Hope that helps!
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June 14
If all closing costs paid by lender you can't go wrong dropping your rate. If rates go lower you could always do the same thing again. Would need more information such as credit score and loan to value as well as loan amount to conclude if 4.25 is "good". You could try submitting your scenario in the zillow mortgage marketplace to see what other lenders are offering for your profile.
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June 14
What is the loan amount, LTV, and your credit score? Is it a conventional loan?
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June 14
 
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