“We re-fi’d our mortgage during the last low interest rate cycle and got 2.5% 30 year fixed”
Yes not much in the way of decision making with that low rate. We refinanced three times since 1997 to get it down to our current rate. I just didn’t want to go back to 30 years. Of course principle balance weighs into the decision to pay off, stay put, or re-fi.
We figured we would croak with a mortgage. Strange financial planning, but almost free money is hard to say “no” to.