[quote=Raybyrnes]I don’t think you have to crunch the numbers so much as figuring out the probability of a cerain situation. This is a bit of a guessing game.
HLS
For those people who went the route of the no cost loan at 6.35%, 1 year ago are they not at an advantage today with respect to flexability. There was n o crystal ball but these people can now refinance at potentially lower cost and not feel that they got hosed becasue they paid the points.
Am I missing something?
[/quote]
Isn’t that’s what HLS and I are saying all along? If you bet that rate will go lower in the near term, then by all mean, go for the no cost loan. But who here have a crystal ball? They were lucky, just like those who bought in 2002 and sold in 2005 were lucky.
