Is this a good time to refinance the house?

Fay
With an 6.25% current loan rate and a "good" credit score, is this a good time to refinance. We have some debt that we would like to pay off.

Clementine
the yankee banks might be out of money for mortgages by now... snicker snicker... and when i used a broker (in canada should be much the same as us) it was cheaper with no fees, the bank pays the broker, if you have to pay the broker, it's not a good broker

Rhett
With the way the market is today, I doubt you could do it.

Cliff
I don't know how leon or lisa can answer the question the way she did. she has no idea that brokers have higher fee's than bankers, theres a reason brokers are in existence turbo! it's because they have things to offer that you can't get at just ANY bank. and no our fee's are not higher. everyone makes the same on a loan, it's just brokers disclose where they are making they're money where you little banker guy does not have to disclose yield spread.

Candra
I don't understand how leon could give his answer with the little bit of info you gave. Call a Mortgage BANKER (does not mean at a bank, just means not a broker) & look at your options. Brokers have higher fees.