Is it a good idea to refinance your house with countrywide when the government has just lowered interest rates

Jayna
All the costs will add about 4% to your loan, and add years to the other end. If you will likely sell the house eventually, and this will lower your costs, its a pretty good idea.Calculate if your payments will come down. If they won't, its only a good thing for Countrywide.

Alyssa
ctarr is right!

Rudy
tell them you want the new lower rate.

Daisey
The rates that were just lowed was the Prime rate, not the mortgage rates. Unless you have a line of credit that has a variable rate (ie equity-line, heloc, home equity line of credit) mortgage rates will not necessarily come down as well.

Logan
Hi, Yes, you can go for it. There may not be further cut in interest rates in near future. Checkout http://homefunding.consumerplanet.info for some useful info and tips on home refinancing. Good luck!

Cole
As long as the numbers fall in your favor it is, like favorable interest rates and closing costs.

Callie
That depends on what rate you have, what rate they will give you, how long you have left on your mortgage, how much your payments are, and how much your fees would be.

Branden
depends on what Country is offering and if they will still in business to fund your loan!