I see mortgage rates are going up, is a refinance still a good idea?

Rates move regularly and are in the uptick. If you can improve your interest rate and reduce your payment, you should begin the loan process with a lender. You do not have to lock your interest rate, but you should have your application/ documentation in process. You should establish a target interest rate range with your loan officer and be positioned to jump when the time is right. Many lenders will not lock an interest rate without a full application in process, as they have a responsibility to ensure funding on their locks. That being said, if your application is not in process you may very well miss the dip you are looking to capitalize on....www.ThinkJohnAJr.com

No one can answer that question with certainty. ... The last few days rates have been inching upward. ... Rates are still historically low. ... Maybe you should just consider them as good enough. ... Happy funding, Rudi

Today market moved back in our favor after posting some losses...ultimately you have to decide to pull the trigger on when to proceed. One can never predict the bottom....If you save at least $100.00 per month generally speaking then it should be worth refinancing. Rates are still very attractive even with the recent upswing. May be a good time to get off the proverbial fence.Good luck!! Dan