lukestein’s Twitter Archive—№ 9,084

@FrancoisGourio @grant_mcdermott @arpitrage @paulgp YES for sure. Value of the prepayment option lower if/as we approach the ZLB. Though term extension refi stays attractive if rates remain low. (Also, I paid points on my mortgage in 2013 thinking the rates were low, and then refi.ed it twice 🤷🏻‍♂️.)