Yes - 5% fixed was a great deal. I have a friend in the banking business, not that I got a better rate, but he called me when the rates hit 5% about 1 1/2 years ago, and we moved quickly to get that deal. Total savings for us if we keep the loan to term will be about $150,000 over our previous loan that was 30yrs @ 6.25%.

That was our 3rd refinance since buying the house in 1997 (started on a 30 @ 8.125%).

Rates are on the rise now - our current home equity credit line is at 6.75% so I suspect that the typical fixed rate loans are in a similar range for most buyers.

Good luck with your project - you will enjoy your pool no mater what option you choose to go with.