EDMOND, Okla. -- Hard to believe we just keep doing this story over and over again.
It's true, once again, mortgage rates are at an all time, historic low.
Homeowers everywhere are calling the bank to check their rate.
Many banks around Oklahoma are offering 3.375 percent on a fixed-rate 30-year mortgage and 2.75 percent on a 15-year mortgage.
"Yes. We're very, very busy. All mortgage operations are busy right now," Drew Litch said, the President at Prime Bank in Edmond.
Millions of homeowners are re-financing to save on their monthly mortgage payment.
Re-fi isn't right for everyone, depending on your current rate and how long you plan to stay in your home.
"It's a function to how long you're going to live in your home and how much it's going to cost you to get the loan," Litch said.
The cost to close a loan is usually between $3,000 and $6,000.
Banks will usually offer to roll that cost into the loan but keep in mind you are adding to the amount you owe.
It's a move that may be worth it in the long run, if you are saving tens of thousands of dollars over the life of the loan.