Is It Worth Refinancing for a 1% Rate Reduction?

Is it worth refinancing your mortgage just to cut your interest rate by 1 percent? As long as you plan to stay in your home for at least five more years the answer is, easily, yes. If you think you might be moving sooner, then you'll need to take a closer look at the closing costs and the interest you can save to figure out whether it's worth it. If you're in an adjustable rate