For those who want to refinance..

[Ronnyvagh]

Your assessment on refinancing and managing mortgage rates makes a lot of sense. It's true, predicting interest rate changes can be tricky, especially with economic factors at play. Paying down principal periodically is a solid strategy to reduce overall interest payments over the loan term. Refinancing can potentially save money if rates drop significantly, but it's crucial to weigh the costs against the savings, as you mentioned.

Using a refinance calculator can definitely help you crunch the numbers and see if it makes financial sense for your situation.