Every word of the film, for reading instead of watching.
Most people find out rates dropped from a headline — three weeks after it mattered. Refi windows open and close in hours. Watching for them isn't a skill problem, it's an attention problem. You have a job, a family, a life.
The market doesn't care. A strike rate fixes that. It works like this: we find your number in advance — the rate where refinancing actually pays. Not a guess.
Math. Your balance, your current rate, your closing costs. The rate where the monthly savings clear the costs fast enough to be worth it. That's your strike.
Then I watch. Every morning, across the lenders I work with. Your number sits in my queue — not in the back of your mind. Here's why deciding in advance matters.
When rates fall, everybody freezes: should I wait — maybe it drops more? And while they wait, the window closes. A strike rate is a decision you made calmly, with math, before the market started moving. The day it hits, there's nothing left to decide.
I call, we lock, done. What does it buy you? On a four hundred thousand dollar loan, a quarter point is about sixty seven dollars a month — about twenty four thousand over the life of the loan. That's one rate move, caught instead of missed.
And what does it cost? Nothing. Setting a strike rate is free, and it obligates you to nothing. If rates never get there, you've lost nothing.
If they do — you hear it from me the same morning, not from a headline three weeks later. Tell me your number. I'll take it from there.