Web search results for when to refinance rule of thumb

"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 do refinance, the process will remind you of what you went through in ... For a long time, the general rule of thumb was that refinancing was ...

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; ...

Nov 22, 2005 ... For example, one common rule of thumb states that every time interest rates drop by two percentage points, you should refinance your ...

15 posts - 8 authors - Last post: Aug 5, 2009The 2-percent rule is a thumb rule to find whether refinancing will be a good option on a mortgage. The rule indicates that it will be good ...