Hi guys,

I have a housing loan with OCBC which has a 4.95% mortgage lending rate. Somehow the rate stayed the same from its last updated date which was in July 2014. The balance is about 129k, monthly 930, with 17 years to go.

I was thinking if I should refinance and get a better rate of say 3.8%. But the risk would be that the new loan will end up having same or higher interest rate in the future. Of course, would have to take into account the legal fees, stamp duty, etc.