3 ms·

Surely refinancing impacts this equation some though, right?

• dragontamer 10y ago
  Yeah, go spend 3% of the loan amount to purchase a new 30-year loan, instead of paying off the house you already have... stay on debt perpetually. Unless rates drop dramatically in a short-period of time (like in 2012), refinancing opportunities are rare. From the 1980s, you wouldn't have had a refinance opportunity until the mid 90s.