Are the interest rates the same between people who take a new mortgage and those who refinance?

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I want to take advantage of the decline in intest rates by refinancing my mortgage. When I search online I find a lot of rates quoted for new loans but not much for refinancing. Is it safe to assume the refinancing rates will be similar to the new buyer's rates (with the same terms and credit rating of course)? Thanks.

Are the interest rates the same between people who take a new mortgage and those who refinance?

I would go to a reputable, bricks and mortar (physical location) of a known bank to refi. Part of the mortgage debacle was using anyone and everyone (including the big banks, though) and it is critical to be sure you know who you are dealing with and what you are dealing with! Get a referral and go with someone with a good track record. Also, start with the bank you deal with. They want to keep your business and may not charge closing costs like another lender would. The credit score will determine the "good rate" that sounds low but still depends on credit score.

Are the interest rates the same between people who take a new mortgage and those who refinance?

It depends on your credit score.

If you have paid your mortgage on time. Your present

lender will gladly refinance to a lower rate.

There are a lot of loan officers that are solely doing refi's

if you are in California I can refer you to several

people that I deal with.

Times are tight and the loan officers are gun shy.

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Are the interest rates the same between people who take a new mortgage and those who refinance?

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