Refinance

Is it always wise to refinance when the rate offered is lower than your current mortgage rate for the same terms?

Provident Credit Union came to my company and offered a fix rate of 2.850% for their 10 and 15-yr term mortgages. As an employee of my company, Provident was discounting another 0.125%, which lowers it 2.75% for a 10 or 15-yr loan. I was overjoyed since I have been looking for another opportunity to refinance my mortgage for awhile now. My current mortgage is at 3% for a 15-yr loan.

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