It is essential for the buyer to know what they should expect from a mortgage lender when they contact them. It is likely that their mortgage rate will play an major role in whether they decide to buy the house. A lot of people will consider the query of “are mortgage rates rising or falling?” and decide based on how they will move forward. It is important to consider whether the rates fluctuating in a consistent manner, because it is an issue that relates to how likely you are to find the funds to purchase a home for yourself. It could be that it is not possible to do this because the interest rates are excessive. Are the refinance rates greater than those you would have paid when you purchased your home? You should stick to the current rate if that’s the situation. However, if rates have come down even slightly in the time since you bought your property, then it might be worthwhile to look into the cost of refinance the home at the present time. The refinance options could offer lower rates than feasible. wf47bks7le.