

Paying $1200 for this rate. How’s it looking?
Got a 4.375% but some lender credit would be under utilized as it exceeded the closing costs. Loan officer suggested I could fully utilize the lender credit if I go with 4.25% but will cost me $1200. This is being added to the loan amount.
The rate is with a relationship discount. Was super lucky to lock this rate in late Feb, right before rates went to shit.
Refinancing from 5.375% 30 year fixed. Will be closing soon but can still back out if this is a bad idea.
What do you guys think?