I started shopping for a home Summer of 2017 and was first able to secure a rate of 3.95% during pre-qualification. I locked into a rate of 4.25% in March of 2018 on a house I ended up backing out of because of condition at the final walk through. So I finally closed on my first home at the very end of October, pretty much when rates were at their peak. Both me and my wife have scores on all 3 bureaus above 800, so we qualify for top tier. It ended up coming in at 5%. The same bank we use now is down to 4.3% just 4 months later. I'm just wondering how far into a mortgage is it worth going through the hassle and paying the fees to re-finance at a lower rate. Do some banks waive fees because they just want the new account? Am I just shit out of luck for now? For specifics, as I'm sure term and whatnot matter when trying to figure this out, I'm in a 30 yr fixed at that 5% rate, with intent of paying extra towards the principal each month. Any advice would be welcome, thanks!