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2. You currently have a mortgage for $300,000 at 7% for 30 years. Mortgage rates have fallen, and you are thinking about refinancing after 10

2. You currently have a mortgage for $300,000 at 7% for 30 years. Mortgage rates have fallen, and you are thinking about refinancing after 10 years. You find a good deal online for a new 20-year loan at 6% with closing costs of $4,000. Should you refinance if you plan to be in the home no more than five more years? An alternative investment option would earn you 10%

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