Interest rates have been creeping higher, but they're still pretty low when you look at their history. Meanwhile, housing prices -- which were crashing 10 years ago -- have been on a steady climb.
Refinancing could be an excellent way to lower your mortgage rate and cut your monthly payment, or tap into your home's rising value. But it's not always the right choice.
Ask yourself these questions before you go the refi route.Ask yourself these questions before you go the refi route.
Can you dump your current loan?