BastidChimp t1_j27b3q4 wrote on December 30, 2022 at 4:01 AM

Just stay put for now. You won't be getting a better mortgage rate than the one you already have. Save your money and increase your down payment and keep paying down any debt you have. This will allow you to obtain a favorable mortgage rate from your lender in the future and frees up more cash for your monthly budget.

swanklax OP t1_j28d5j7 wrote on December 30, 2022 at 11:14 AM

Staying put is not an option. We have no debt other than the existing mortgage. We have excellent credit and are already receiving the most favorable mortgage rates within the context of current market conditions.