refinance break even 6.30% to 4.5%

Mortgage Calculator: Here’s How Much You Need To Buy a $415,000 Home at a 6.30% Rate — Photo by Mikhail Nilov on Pexels

0.6% Rate Drop vs 6.30% Payment: Mortgage Calculator Says

The average 30-year fixed mortgage rate is 6.449% this week, and a 0.6% drop to 4.5% can save a $415,000 borrower roughly $20 per week. That savings adds up quickly, making the refinance decision easier to justify. I see this pattern often when clients compare their