Originally Posted by
Often1
Also worth running what a 0.1% drop in rate does for you over 5, 10 and 15 years. Generally a lot more than a cash purchase of a couple of F RTW tix !
You must get really cheap F RTW tickets! A drop from 4.0% to 3.9% on a 30-year fixed rate mortgage of $250,000 would result in a $5,172 increase in total payments over the 30 year term. Using your example of 5, 10, and 15 years the amount would be significantly less ($676, $1423, and $2250 respectively).
That being said, I agree with the OP in that once your credit score is in the high 700s, any incremental improvement is unlikely to impact the mortgage rates you can get.