Because OP’s probably not risky enough for the bank. Not worth their their time or money, even with closing costs guaranteed. They’re looking for a higher LTV borrowers to steer into ARMs and variable interest programs so they can sell off the risk at a net profit.
I bought my house in 2009 right after the bubble and my rate is still 6.25 😞
why no refi?
Because OP’s probably not risky enough for the bank. Not worth their their time or money, even with closing costs guaranteed. They’re looking for a higher LTV borrowers to steer into ARMs and variable interest programs so they can sell off the risk at a net profit.