00:00I'm sure you've heard the news, mortgage rates have changed again.
00:03Wondering if you should refinance?
00:05Here's what matters most right now.
00:07Right now, refinance rates for a 30-year loan are around 6.3 to 6.7%,
00:13and you might snag an even lower rate if you go shorter.
00:17Refinancing could mean a smaller monthly payment,
00:19less interest in the long run, or even paying off your home sooner.
00:23But here's the catch.
00:24It only makes sense if your new rate is much lower than what you have now.
00:27So, do the math and plan ahead.
00:30The right move could save you thousands.
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