I posted just a couple of weeks ago that my FICO had dropped to 701 in late March (though I did not see until mid April). I was really concerned shome shady activity was going on though my credit monitoring says no. Still waiting for my credit report in the mail since I can't access it online after the ID theft. Well great, this is NOT helping me.

So on a whim I remembered my score usually posting around the 20th, (I get it free from WAMU) and so I peeked earlier this week.

Wouldn't you know, my score was 750. ???

HUH?

You know, when they say FICO is a mystery, well, they mean it.

Likewise, I am pleased that all my balance transfers are not completely sabtoging my score after all.

I pay one back in about 6 weeks. After that I don't expect much in FICO problems. Phew.

My score had pretty much hovered in the 750 range since I signed up for my WAMU card, except it dropped down to 685 one month with the whole ID theft mess.

Likewise, my bad credit to limit ratio has really done little to my score. My score is actually steadily rising (quite slowly). Though the whole 701 thing is weird. Which made it that much more of an anomally. IT has been pretty steady for the last 9 months with the exception of the ID theft. So the whole thing is just weird.

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In related news, mortgage rates hovered around 5.5% (I was waiting for 5.25%) much of last week, and then shot up.

At this point I don't really expect we will refi. Though I still am all pre-approved with 2 companies, so we'll see. They'll call me if it gets to 5%-5.25% for a rate lock. I don't know how long this pre-approval will last. So far, apparently, indefinitely. I know they are happy to have people apply for a refi, that actually have any equity. They WANT our business. They will just be hard pressed to beat our current situation - which is GOOD.

I think odds are looking pretty slim on the refi front. Our broker last projected it may be a good time around April 15th. Which was when it was low, yes. Just not enough.

I guess I am stuck with 5.75%.

(Yeah, not THAT sad about it).

I honestly have no desire to go through the refi process again, so am rather relieved. We have refied about 4 times already in our young lives, seriously. Don't ask, it's a long story. A lot had to do with owning 2 homes for a time, etc. But our first loan was over 8%, we refied to a 15-year for a time. We could not ignore it when rates dropped another full percentage when I was on maternity leave with my first.

So it was kind of nice to dream of knocking another chunk off of our mortgage payment, but we'll survive. Our payment is a good $200/month cheaper than our first mortgage on our little condo. Slightly bigger loan; MUCH lower interest rate. Little to complain about...

We still would consider refi-ing down to a 15-year loan in a couple of years, when the kids are out of preschool. If rates are good. Though our 30-year rate may be preferable in 2-3 years time. Who knows???????

Well, it was fun to dream about, but likewise, no big loss here.