• jeffw@lemmy.world
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    1 year ago

    Never been better for banks maybe. I refinanced during the pandemic and went from a 30 year to a 15 and barely changed my monthly payment.

    • Dkarma@lemmy.world
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      1 year ago

      That’s normal. You either cut years or cut monthly payment. Very rarely both unless rates are actively dropping.

      A 15 yr saves you six figures over a 30 yr iirc so congrats!