Dec. 28, 2025, 11:00 p.m. ET
When interest rates fall, you may want to refinance your mortgage. But can you explain what you hope to get out of refinancing?
“If you want to refinance, I say, ‘Well, what do you want to do? What do you hope to accomplish by refinancing?’” says Carolyn Morganbesser, assistant vice president of mortgage originations for Affinity Federal Credit Union in New Jersey.