Re: Is it worth it to refi for 1% less? Or, should I wait for something better?
By only having 1 credit card reporting a balance, you should get a few more points. I got a 5.9% loan with fico 8 scores around 650 though my auto enhanced score was 690 which was used for my approval. Went with Chase through dealer though Capital 1 approved at similar rate.
For <1%, I wouldn't bother. I'd try again in 6 months for better when I assume your scores will have improved more.
9/2017 FICO8: EQ:585, TU:549, EX:580 | No opened accounts | 1 unpaid CO, 1 paid CO + related Col | several lates 2.5+ yrs ago Current FICO8: EQ:703, TU:671, EX:671 | CC Util 2% | 2 paid CO + 1 related Col (deleted on EQ) | 3x 30 day lates 3-6yrs ago AAoA: 10 to 11 years; Opened Acc Only: 7 months Credit Length: 20 years INQ (Eq/Tu/Ex): 2 / 4 (4 for auto) / 6 (5 for auto) In 6 months, all serious derogatories fall off.