Media reports will vary throughout time. Interest rates will change up and down. An increase in rates may mistakenly convince you that refinancing is not worth looking into. The reality is that rates are still favorable and low. Mortgage loans, generally speaking, are the cheapest and safest type of money to borrow. Consumer debt on the other hand is quite expensive. Debt consolidation, home improvements, removing PMI, and other financial needs should be evaluated to determine the net tangible benefit of refinancing. And while it may sound a little whacky, there may be benefits to refinancing coupled with an increase in your mortgage loan interest rate. Sounds nutty, maybe not. Ask us how.