Quote:
Originally Posted by cmyx6go
I'm not an expert but I'm sure you will be asked what your current rate is in order to determine if it makes sense.
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This plus term, amount financed and closing costs matter. Just run the numbers at current rates and 25 bps lower. Is it worth the risk waiting for that extra 25 bps or taking what’s available now? Judgment call - no one knows because if it was predictable that they will go down, the mad rush to refi would not be happening yet.
My
guess is that they will not spike up in the short term, but they could start to inch up for a lot of reasons.