So with the wife being laid off, I have been looking to cut costs. So today, I was looking at an article about interest rates and how low they are. So I called my Wells Fargo rep. I have been with the company for 7+ years, I have excellent credit, I have also refinanced once before. I qualified for the Wells Fargo 3 step program. Basically I was able to refinance at 3.875 with absolutely 0 fees. Nothing charged to refi. I just saved $220 a month with a freaking phone call, and it cost me absolutely nothing. In the span of my mortgage, I just save $79,2000 or $2,640 a year! So I recommend you guys call your banks and see what types of refi deals they have going. This one was a no brainer.