I was delighted when I logged onto our mortgage account yesterday morning and saw that the status of our re-finance application had changed from ‘In Process’ to ‘Approved’.

The details showed that a commitment letter will be sent out shortly and they’ll be contacting us soon to schedule closing!

It looks like rates on 30-year mortgages have stayed at their lows, but for whatever reason, the rates on 15-year mortgages have gone up 0.25% in the last couple of weeks.  I had been hoping that they’d go down a little bit more so that we could get an even better deal, but I’m just fine with knowing that we locked in at a lower rate than is available now.  How often does that ever happen?

Great way to head into the weekend!

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