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Originally Posted by Joan.of.the.Arch
Why would this company make this offer when it appears only we will benefit? Is it likely that they think we actually could easily find someone else to give us a better deal at this point?
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This can happen if rates have fallen enough so the mortgage company can offer you a rate 1/8% or so above the going rate, but it's still lower than the rate you have now. That gives them a slight spread on the rate without charging points or closing costs.
As for holding out, you could possibly find better, but you also run the risk of rates going back up, or having to pay closing costs at another firm.