EBTS:
It’s not a huge difference in rate anymore, and you are obligated to a higher payment with a 15YR…

You can always pay a 30 YR off in 15 years if you choose, but you cannot pay a 15 YR off over 30 years.

It’s alos tougher for many to qualify for the higher payment obligation.

Weds I had
4.875% with .50 pt for 15 YR
5.00% with .50 pt for 30 YR
(both + closing costs)

Pricing slightly better for 40%+ equity.
Above rates were 80%, credit score of 740+

Rates are up & down like a yo-yo recently.

I think that at some point in the future CD rates will be considerably higher than mortgage rates today.
Having cash that you cannot get to, tied up in a house is a dangerous thing for most people.

Paying off a mortgage early is a flawed concept in inflationary times.
Paying off low interest debt in cheaper inflated dollars is a beautiful thing. . HLS