We are looking to lock in today and not able to decide which makes more sense.
7.25% with 0 points or 6.75 with a 15 month breakeven. Basically, it comes down to are we going to refinance in under 15 months, if not buying points makes sense.
Other than guessing the market, isn't it less stressful knowing that if the rates don't drop in the next 15 months, we are better of buying points now and not try to time the market?
7.25% with 0 points or 6.75 with a 15 month breakeven. Basically, it comes down to are we going to refinance in under 15 months, if not buying points makes sense.
Other than guessing the market, isn't it less stressful knowing that if the rates don't drop in the next 15 months, we are better of buying points now and not try to time the market?