http://www.adjustableraterefinance.com/mortgage/refinance-mortgage-rates.html Refinance mortgage rates should be lower than the rates you're already paying - but not always. There is more to consider here than refinance mortgage rates. en-us Mon, 17 Apr 2006 16:41:35 EDT Mon, 17 Apr 2006 16:41:35 EDT Weblog Editor 2.0 When most people think about refinancing their current mortgage the one thing that comes to mind is finding the lowest possible refinance mortgage rates in the country. No matter what, no matter if the loan extends your mortgage another five years, no matter if that great low rate demands significant amounts of fees, people are going to run for it for no better reason than a smaller number. Refinance mortgage rates are among the lowest in home financing, but that doesn't mean you should leap into a refinance. Out refinance mortgage rates at the end of your list No matter what mortgage rates are doing across the country, you need to consider all the other aspects of your current loan before deciding upon a refinance. What could be better? Where might you stand to save money and make your other financial endeavors stronger? In fact, securing incredibly low refinance mortgage rates should be at the end of your list of refinancing reasons: Monthly payment abilities. Overall savings and duration of your loan. Use of equity and ways to consolidate all your mortgages into one. All the factors should come into play before you get excited about refinance mortgage rates. Give yourself an honest reason to refinance your home mortgages, then go searching for a great deal. Surrounding the rates But refinance mortgage rates aren't going to be the only cost involved with your refinance. There are prepayment fines to worry about, and refinancing charges with your newfound lender. There are points, and taxes, and inspections...there are a lot of fees involved with refinancing a home loan. So go for the lowest mortgage rates you can possibly find for a refinance - just make sure its under terms and fees you can afford and that make sense for your specific mortgage state. Mon, 17 Apr 2006 16:41:35 EDT