re: Current Mortgage Rates

quote:

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I find that alot of people over think a refinance. every situation is different

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That seems like a contradictory statement. If every situation is different wouldn't it take people really looking into their personal situation to determine if refinancing is "worth it" based on their goals. If every situation was the same you could apply an easy rule of thumb i.e. refinance for a 1% drop.

There are plenty of factors that determine if refinancing is "worth it." I personally think most people simplify their evaluation too much and sometimes don't fully understand the overall impact of their decision to refinance or their goals are very simple.