Locked a $470K r/t with a PIW today with a .6 points at 2.375% on a 30 year fixed. I talked the guy out of the 15 because while having a better rate at, 1.875, for the same cost it would be an anchor around his neck when he retired in 5 years. We ran the amortization tables and if he made the 15 year payment, on the 30 year note, he pays off in 15.8 years and has a safety net of like $1,171.
Just sayin'
A good plan violently executed now is better than a perfect plan executed next week.
-George S Patton