– Now let’s compare the no cost loan to a loan with base closing costs as well as points. Option A again has a 6.25% rate and is at no cost. Option C has a rate of 5.75% at 1 point plus base closing costs of $2,800.
Should I Rush to Refinance Before the Fed Decides on Rates? – At NerdWallet. can lock in a good rate today, don’t get greedy looking for too much and lose an opportunity. Mike Eklund: I would recommend homeowners look into a no cost/fee refinance versus one.