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"The industry rule of thumb - 'refinance when you can lower your interest rates by 2 percent or more' - no longer is correct...It makes sense to refinance if you can recover your costs and make a decent return on your investment before you plan to sell your house or pay off your mortgage." P. 161...
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zwicke.nber.org/refinance/appendix.py
zwicke.nber.org/refinance/appendix.py
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If you do refinance, ... For a long time, the general rule of thumb was that refinancing was worthwhile if the current interest rate on your mortgage was at least two percentage points higher than the prevailing market rate. This figure was generally accepted as the safe margin when balancing the costs of refinancing a...
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www.bcsalliance.com/y_mortgagerefinancing.html
www.bcsalliance.com/y_mortgagerefinancing.html
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The rule of thumb also ignores the fact that if you had not refinanced you could have earned interest on the money you pay upfront to refinance; and if you do refinance and the payment is reduced, you can now earn interest on the savings.
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loan.yahoo.com/m/q_whenrefi.html
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The traditional refinance rule of thumb -- that you must get an interest rate at least 2% below the interest rate you currently have -- is often wrong. Why? Waiting for a two percent difference from your rate to show up in the marketplace can actually cost you money.
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library.hsh.com/?row_id=44
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Ars Technica Ars OpenForum 3.0b CPU & Motherboard Technologia Mortgage Refinance Rule of Thumb Analogue for CPU Upgrade ... You know that rule of thumb for when it's worth the cost of refinancing a home mortgage? (When the interest rate of the new mortgage is at least 2% less than your current mortgage - for...
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episteme.arstechnica.com/eve/forums/a/tpc/f/77909774/m/...
episteme.arstechnica.com/eve/forums/a/tpc/f/77909774/m/1170930835
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Home Mortgage Refinancing Made Simple ... How to Use the Refinance Rule of Thumb ... Stay current with When to Refinance Rule of Thumb on these personalized pages:
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refinanceruleofthumb.com/
refinanceruleofthumb.com/
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1) and 2) As a rough rule-of-thumb, if the difference between your current mortgage rate and what is available is approximately; 1 1/2 percentage points or more, it may be to your advantage to refinance. If the difference is 1 1/2 points or less, it may not make sense to refinance, depending on the amount of closing costs.
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www.ourfamilyplace.com/homeowner/refinance.html
www.ourfamilyplace.com/homeowner/refinance.html
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When interest rates were two points below your current mortgage rate, it was considered a good rule of thumb to refinance. But with today?s low closing costs, a difference of one percent can save you money on your interest costs.
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www.roseindia.net/articles/home-refinancing-rates.page
www.roseindia.net/articles/home-refinancing-rates.page
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