But does it make sense for you? Everything you need to know about when to refinance your mortgage, including how to think about mortgage refinance rates and mortgage refinance options. For most homeowners, refinancing becomes worthwhile once mortgage rates drop at least 0.75 percentage points
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Ahead of the federal reserve's october rate cut, mortgage rates fell to the lowest levels in over a year
Looking forward, it's unclear whether this downward trend is sustainable.
Some lenders now offer “no‑cost” refinance options that simply embed the fees into a slightly higher interest rate.5 A cash‑out refinance lets you tap home equity for renovations, debt consolidation, or other expenses, but it also resets the loan balance and may come with higher rates. Rates are dropping — should you refinance Lakeview breaks down costs, savings, and timing so you can make a confident, smart mortgage move.
