8. Will morgtgage rates rise in 2010? Should I refinance my mortgage again?
Orman: I think right now is a fabulous time to refinance your mortgage again. But the question is, will you be staying in that home long enough for you to recoup the closing cost of what it's going to take you to refinance the savings you're going to have from your new mortgage versus your old? It makes no sense to spend thousands of dollars in closing costs to refinance your house to save hundreds per month, and then move four months later.