Should I Refinance In 2024. That's unlikely to happen given where rates. For a mortgage refinance to make sense in 2024 from an interest rate perspective, you'd ideally want to target a rate of about 4%.
If mortgage interest rates decline, that could create some opportunities for homeowners to refinance. Even when mortgage rates hit 5% in april 2022, over 1.3 million homeowners were still in a position to refinance and save money.