re: 1st mortage, is 4.5 a good rate on 30 yrs?

quote:

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Should I feel bad about my 5% in 2011?

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Not a bit. There's a slight downside to the great deal I got, namely, I'm basically locked into owning this property for 30 years now. But that's a price I'm willing to pay.

I got lucky more ways than one - I had tried to refi my existing 5.5% note a tad early at 4% but the guy working at that morgage lender fricked up and the rate lock expired through no fault of my own. I was able to provide emails to his boss showing it was their fault and quickly got assigned someone more competent. That one was very professional but in the meantime the market rate had tanked.