The math works if you stay long enough to recoup those fees—ideally with a break-even point under 24 months .
If your current rate is above 6.88% , you can likely save significantly ( LendingTree ). refinance or buy new house
Builders are currently offering mortgage rate buy-downs and credits that can make a new home cheaper than an existing one ( Investopedia ). The math works if you stay long enough
Choose this if your current home no longer fits your needs, as the market offers better conditions than recent years. refinance or buy new house
As of late , mortgage rates have stabilized near 6.12% – 6.38% for a 30-year fixed loan ( Forbes , Yahoo Finance ). 📉 Option 1: Refinance