Only comparing the payment savings on a new loan vs. your old loan is totally inaccurate (and foolish), yet it is how 99% of people make their decisions, including most mortgage “professionals”
There is no one mortgage rate that fits everyone.
If someone bought stock through a stock broker 2 weeks ago and the stock went up since then would someone ask who the stockbroker was thinking that they would get the price of 2 weeks ago ?
It appears that most people don’t understand that pricing changes a bit everyday and it could be better or worse than a few weeks ago.
No cost loans are available everyday if you qualify. It’s the rate that changes.
Many people just don’t qualify for a loan at any interest rate today.
