: You do not expect rates to drop significantly in the near future, which would make refinancing a better (and cheaper) option.
The cost and impact of points are generally standardized across the industry, though specific offers vary by lender: buying points on mortgage
: Each point usually reduces your interest rate by 0.25 percentage points (e.g., from 7.00% to 6.75%). : You do not expect rates to drop
: You do not expect rates to drop significantly in the near future, which would make refinancing a better (and cheaper) option.
The cost and impact of points are generally standardized across the industry, though specific offers vary by lender:
: Each point usually reduces your interest rate by 0.25 percentage points (e.g., from 7.00% to 6.75%).