Almost sounds like you got a shell game from a shady mortgage broker. I hope that didn’t happen, I hate when I hear that happening. Either way, I hope the best for you two. Get that rate down if you can, it will only help long term.
Pittsburgh is the most stable housing market in the nation at a constant appreciation between 3-5%.
You’re talking about a 20%+ (including inflation + appreciation) swing in valuation? That’s some ass covering!