I've always heard about the 2% rule
when refinancing, is it important?
This rule is somewhat obsolete
due to the variety of closing cost options that exist today. With the
proliferation of no
cost and zero point mortgages, a potential refinancier can recoup the costs
of refinancing very rapidly if not
immediately. The 2% rule may be a helpful tool when paying both
points and closing
costs in order to refinance.