We want to refinance our house and want to know of we should lock in our rate around 53?

Karlyn
We are confused with exactly what the housing tax credit may or may not help us. And the effect on rates in may have.

Charise
1. Tax credits NEVER impact the rate on a mortgage.2. You should ALWAYS go for a fixed rate.

Hisako
I think you should wait a little bit to see what ends up happening with the stimulus bill because I heard something about the possibility of help for refinancing homes at around 4%- of course I don't know if it will pass or what the criteria for qualifying for it will be or when it would become available even if it does get included and pass. If you don't want to wait for that, at least get a couple more specific rate quotes and see if you can beat that 5.3% still.

Arcelia
Absolutely that is a good rate.

Jamika
Check with your mortgager for details!

Dori
if you can get it yes. The tax credits do nothing on refinancing

Kattie
nope