[caggyblue]

...mortgage to a new rate of 4.875? I plan on staying in my home.? My mortgage is 137,000 at 5.99%. I've paid it for about 3 1/2 yrs. I want to refinance with a 4.875% rate which would only save me less than $100 a month. Should I do it?Also, closing costs would be around $3000.I neglected to mention that I'm paying the closing costs of of pocket.Thank you all for your answers.