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Currently, the Johnson family holds an outstanding mortgage balance of $ 2 0 0 , 0 0 0 set to mature in 2 0 years,

Currently, the Johnson family holds an outstanding mortgage balance of $200,000 set to mature in 20 years, with a prevailing interest rate of 7%. With the market rate decreasing to 6.5% today, should they consider refinancing, taking into aecount an associated $5,000 fee for purchasing a point?
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