When to Refinance With Special Credit Union Program : personalfinance

Good day,

Once we closed on our home again in early November, our credit score union ran a promotion the place once we closed, we paid 3/8 of some extent (which labored out to be $671.25), and we’d be capable to refinance at any time with no extra charges.

We locked in 7% months in the past, and with charges already down from that, and extra fee cuts scheduled, we’re questioning once we ought to refinance. The traditional knowledge appears to be to attend for a 1% drop within the fee, however that all the time appears to be for a daily refinance (which normally has ~$5k of charges related to it).

Anybody have any ideas for our scenario?

Thanks