They Say Rates Are Going Down: Is Now the Right Time to Refinance?

I have about 300 million won in loans at a variable rate, and with all the recent talk of rate cuts, I’m getting more conflicted. If I refinance now, I’ll still have early repayment fees left to pay, but if I wait, rates might fall even further.

In the end, guessing the direction of rates feels like a gamble, so I’m just going to calculate the fees and interest difference and figure out the break-even point. How do you all make this kind of decision?