Brought to you by Q Country 92.7 FM KSJQ 2012-02-06 04:38:48 http://myqcountry.com/experts/view/all/ 2012 Q Country 92.7 FM KSJQ There are many factors that need to be considered. Some are other debt and what the interest rate is for that debt; current mortgage rate vs. new rate; cost of the new mortgage, i.e. points, different fees, cost of appraisal, how long you intend to stay in your home, etc. AND then the fact that rates are about as low as they can go has to be a VERY important factor that should be weighted heavily. Hope that helps - Your Financial Common Sense Guy, Dave http://myqcountry.com/experts/view/financial-common-sense/david-thompson/ http://myqcountry.com/experts/view/financial-common-sense/david-thompson/ 2012-01-16 08:00:00 EDT