I get where you’re coming from. I’ve seen a lot of folks refinance out of ARMs just for peace of mind, even if the numbers don’t look amazing on paper. Personally, I did something similar a few years back—locked in a fixed rate that was maybe a quarter point higher than my ARM at the time. Didn’t love the math, but honestly, not having to worry about rate hikes made it worth it for me. Sometimes, stability just wins out over squeezing every last dollar.
That’s a fair point—sometimes the peace of mind is worth a little extra cost. I’ve seen clients who regret not locking in sooner when rates jumped unexpectedly. Out of curiosity, did you factor in how long you planned to stay in the house before making the switch? That piece can really tip the scales one way or another.
Honestly, you nailed it—timing matters, but so does your timeline in the house. I’ve seen folks refinance for a lower rate, then move two years later and barely break even after fees. It’s not always about chasing the lowest rate; sometimes peace of mind is worth more than squeezing every last dollar. Good on you for thinking it through instead of just jumping at numbers.
I get where you’re coming from, but I wonder if sometimes people overestimate the peace of mind factor. If you’re refinancing just for a slightly lower rate and you know there’s a good chance you’ll move soon, is it really worth the hassle and closing costs? I’ve seen folks get caught up in the “what if rates go up” anxiety, but then life changes and they end up moving anyway. Maybe it’s better to run the numbers and be brutally honest about how long you’ll actually stay put... even if that means passing on a tempting rate.
Totally get what you’re saying—the numbers don’t lie. I actually ran into this myself a few months ago. I was all hyped about shaving off half a percent, but when I factored in the closing costs and realized I might be moving for work in a year or two, it just didn’t make sense. It’s easy to get caught up in the “future-proofing” mindset, but sometimes the best move is to just sit tight and not overthink it.
