General discussion & info about South Walton, Florida.

All About SoWal

Advertise or find a business, discuss business.

Business & Services

Jobs

Festivals, classes, gatherings, activities.

Events & Music

Food & Dining

Marketplace

property, realtors, builders, development, infrastructure ...

Real Estate

For Sale

Wanted

Other

Commercial

Long Term Rentals

Vacation Rentals

SoWal Lounge

elgordoboy

Beach Fanatic

Yeah..wear orange. Shelly is hiding in the brush drawing a bead on this post as we speak.:wave:

Camellia

Ahh..the old "Honey Trap"......
.....
.....
.....
.....
.....
.....
.....
.....
.....
.....
.....
.....
 
RUN SHELL!! IT'S A SETUP!

(I'm home early and bored..if you can't tell)

Ahh..the old &quot;Honey Trap&quot;...... 
..... 
..... 
..... 
..... 
..... 
..... 
..... 
..... 
..... 
..... 
..... 
..... 
 
RUN SHELL!! IT&#039;S A SETUP! 
 
(I&#039;m home early and bored..if you can&#039;t tell)

InletBchDweller

SoWal Insider

dunelover

It depends on how long you are planning staying in your house.  And usually they say, don't consider unless it is at least a point difference, or maybe you are moving from a 30yr fixed, to a 15yr fixed.

It depends on how long you are planning staying in your house.  And usually they say, don&#039;t consider unless it is at least a point difference, or maybe you are moving from a 30yr fixed, to a 15yr fixed.

Go to [URL]http://bankrate.com/[/URL] go to mortgage calculator and run the different scenarios.

Go to <a href="http://bankrate.com/" target="_blank" class="link link--external" rel="nofollow ugc noopener">http://bankrate.com/</a> go to mortgage calculator and run the different scenarios.

spinDrAtl

Just looking at your rate is not enough information.  What kind of loan are you in now?  How long is left on it?  What type of loan would you want if you refinance?  Is it your primary residence, a 2nd home, or an investment?  How long do you plan to keep the property?  How much do you owe vs. the appraised value?  What would your cost be to refi (closing costs)?

i.e fill in the appropriate blanks in the calculator. Read a bit to make an educated guess about the rate..remember to breathe with your mouth closed etc..

Yes, have run the various calculators, and was just curious if others were using the opportunity of the current lowering of interest rates to refinance.  Don't know how long I will live here; haven't decided if it is a primary or secondary residence, and am only financing about 15% of its tax assessed value.  Just looking to save a few bucks to contribute to the local economy at Borago or Bud and Alleys.

Yes, have run the various calculators, and was just curious if others were using the opportunity of the current lowering of interest rates to refinance.  Don&#039;t know how long I will live here; haven&#039;t decided if it is a primary or secondary residence, and am only financing about 15% of its tax assessed value.  Just looking to save a few bucks to contribute to the local economy at Borago or Bud and Alleys.

[quote="carmen, post: 349468"]Yes, have run the various calculators, and was just curious if others were using the opportunity of the current lowering of interest rates to refinance. Don't know how long I will live here; haven't decided if it is a primary or secondary residence, and am only financing about 15% of its tax assessed value. Just looking to save a few bucks to contribute to the local economy at Borago or Bud and Alleys.[/quote]
Smart to sweeten the pot this way. I figured it surely would've drawn Shelly out. Hmm ..post something about how a bottom is surely in and nothing but sunny skies ahead in real estate. That may be a bit obvious though at this point and the Shellybear is the most crafty and sly of creatures.

<blockquote class="xfBb-quote" data-name="carmen">Yes, have run the various calculators, and was just curious if others were using the opportunity of the current lowering of interest rates to refinance. Don&#039;t know how long I will live here; haven&#039;t decided if it is a primary or secondary residence, and am only financing about 15% of its tax assessed value. Just looking to save a few bucks to contribute to the local economy at Borago or Bud and Alleys.</blockquote>Smart to sweeten the pot this way. I figured it surely would&#039;ve drawn Shelly out. Hmm ..post something about how a bottom is surely in and nothing but sunny skies ahead in real estate. That may be a bit obvious though at this point and the Shellybear is the most crafty and sly of creatures.

YoungFT

Beach Lover

[FONT=Verdana][SIZE=2]Mortgage Bankers Association reported that refinancing activity last week reached its highest level since April 2004. With the yield on the 10-year note heading south in the past month, the refi surge will likely continue. [/SIZE][SIZE=2]The  rate on the average conforming mortgage is 5.57%. The historic low was 5.21%, seen in in June of 2003. 
[/SIZE][/FONT]

Mortgage Bankers Association reported that refinancing activity last week reached its highest level since April 2004. With the yield on the 10-year note heading south in the past month, the refi surge will likely continue. The rate on the average conforming mortgage is 5.57%. The historic low was 5.21%, seen in in June of 2003.

Anyone have some words of wisdom about refinancing? With a current  interest rate  of 6.625, are the rates coming down enough to justify? Appreciate your thoughts.

refinancing

Grayton BeachCam

Dune Allen BeachCam

Seagrove Beach SkyCam

Inlet BeachCam

Miramar BeachCam Majestic Sun

Santa Rosa BeachCam

Rockin’ In Paradise with Styx + Friends

Pirates of the High Seas & Renaissance Festival

Dwayne O’Brien @ The Shrimp Shack & Boardwalk Bar

Harrison Prentice @ Pickle’s Sandbar

Moon Crush: Styx & Friends

Cars of 30A At Alys Beach: Event Highlights & Photo Gallery

Sixth annual Run Watersound At Watersound Town Center October 24, 2026

Support Our Parks: The 2026 Friends of Camp Helen Pumpkin Patch Is Open

Annual Events and Festivals in South Walton

International Coastal Cleanup Day Was A Success In South Walton

Merchants Of Alys Beach Announce New Dining & Shopping Options

No beachcams yet

More cams

Include enough context for a reply on the first pass: who you are, what this is about, and anything time-sensitive we should know.

Write a clear note and we will route it fast

SoWal Contact Form

What helps the SoWal team reply on the first pass

Use these links when your request already has a clear destination.

Prefer a direct route before you write?

Use this when you are not sure where your request belongs and need the SoWal team to route it.

Questions, corrections, and quick help

Share newsworthy updates, corrections, community tips, or photography that can improve SoWal coverage.

Story tips, local leads, and photos

Reach the team for business visibility, partnership planning, or other commercial opportunities.

Listings, sponsorships, and business requests

Use this path for media coordination, press follow-ups, or requests that need a communications contact.

Press outreach and interview requests

Tell us what you need and how to reach you.

Send your note here and the SoWal team will route it appropriately.

Choose the quickest route for your message

Forum account areas

Log in to view member profile, alerts, messages, watched content, bookmarks, preferences, and staff tools.

Member-only forum areas use your SoWal forum account.

Use your forum username or email to post, reply, follow threads, and manage your account.

Log in to the forum

Log in to the SoWal forum

Find people and visit their public forum profiles.

Members

Enter the six-digit code sent to {email}.

Check your email

Join the conversation

Welcome to SoWal

Sign in to SoWal

Signature preview

Ads support our local stories, BeachCams, and community guides. If you use an ad blocker, allow SoWal, then check again.

Help keep SoWal local

Your feedback helps us make SoWal better.

How was this story?

Get local stories, events, and South Walton highlights in your inbox.

Stay close to the coast

Choose whether SoWal may use optional cookies. Necessary cookies keep the site working.

Your privacy, your choice

Site navigation

Submenu

Bite-sized stories, curated itineraries, and community events delivered to your inbox on the regular.

refinancing

Latest conversations

Write a reply

Cars of 30A At Alys Beach: Event Highlights & Photo Gallery

Sixth annual Run Watersound At Watersound Town Center October 24, 2026

Support Our Parks: The 2026 Friends of Camp Helen Pumpkin Patch Is Open

Annual Events and Festivals in South Walton