Isn't that what they make refis for???Honestly I would sit tight if you have that choice.....by late 2025 it will be in the low 4’s IMO.Not great for us that are looking at a new mortgage in the next 2 years. I don't want to give up my 2.75% for a 6.5+%I seriously (barring any black swans) don’t see rates being cut till late 2024 at the earliest. That is of course the Fed does not cave to political pressure like they did in late 2018.
If we see 2.75% again in our lifetimes.....that means we went through another great recession or some major black swan.