You have a $100,000 mortgage. The current loan is at 7 percent with 14 years left, negotiated one year ago and involving $2,000 in closing costs. You are considering refinancing at 5.5 percent for 15 years. The closing costs would be $1,500. Would you decide to refinance? Why or why not? What qualitative considerations would you consider in your decision to refinance or not refinance?