Consider a 4-year, fixed rate mortgage with an original balance of $37,000 and an interest rate of 4.9%. Suppose right after the month 9 payment has been made, the interest rate declines by 2.4%. If closing and transaction fees add up to 932, then does it make sense to refinance the existing mortgage at this point in time with a new 4-year fixed rate mortgage? If your answer is yes (it makes sense to refinance), then answer 1. Otherwise answer 0.