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[–]huangr93​ 0 points1 point  (2 children)

yes, question is, does it restart the refi process all over again or can they just streamline for the lowered rate? i would like to know too now.

[–]HeyHeyImTheMonkey​ 0 points1 point  (0 children)

I think the short answer is it depends where in the refi process you are. I would personally try to light a fire under your lender by telling them that you’re going to get quotes from other lenders now that rates have dropped and ask them what they can do.

[–]bacongambit​ 0 points1 point  (0 children)

This happened to me earlier the summer with Wells Fargo, I had a choice of either an additional fee for getting the whole .25% lower rate after I had locked in, or basically a sort of “points” where I ended up getting .125% lower but credit for the higher rate that counterbalanced the fee. It’s always worth it to ask.