[Debt] I got a mortgage less than 1 year ago with an interest rate of 5.25%. Interest rates have since dropped. Are there consequences to refinancing so soon?

So I took a 350k loan last year with an APR of 5.25%. The Fed just dropped rates again. I think I can get something in the 3.5% to 4%. I assume this would save me a ton of money. Should I do it so soon? are there any negative consequences?

Submitted September 19, 2019 at 08:01PM by Hsays https://ift.tt/32PHZt2