Mortgagey goodness

We visited Bank of You and Me (shall henceforth be called that since their bailout with your money and mine, previously known as Bank of My Ass) yesterday to get a bank check to pay the fee for the refi. We're going to pay $3800 in fees, but not have to pay February's mortgage, so it's actually a very good price. Anyway, while in line I was looking at the rates for the day. 5 7/8% with 1 1/8 points! That's high! We're now going to be paying 5% with no points. I wondered to Hubby what would cause the rates to be so different either between the days (ours locked in at the beginning of the month) or between banks (ours is a credit union). He says "our bank isn't going out of business. Ah, good point. I have tried repeatedly to get him to close his account at the Bank of You and Me, but so far no luck. Maybe he'll get tired of not actually being to get anything done through them. Little things like ordering checks and making withdrawals.

Anyway, no point to this. Just wanted to let Daddeo know that rates have not gone down like he said they would, so neener neener.


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