4%? I wonder how many points it will cost upfront?
I closed at 4.875% with 1 point loan fee on 12/31. I went thru a credit union. I second your opinion that if any one is considering refiing to talk to a lender. Interest rates were higher 30 years ago.

How about a factoid of the day about interest rates - I have a copy of some mortgages from the 1870's where the note rate was 1% to 1 1/2% per month. Some folks put up a quarter section, 160 acres, as collateral for a $250 loan. Money was hard to come by after the Civil War.