With the present status of the US mortgage market, the Federal Reserve has decided to purchase some mortgage-backed securities in order to boost the US economy that is still lagging behind. As the mortgage rates have again fallen, most homeowners are rushing to refinance their mortgages. Most people are not even checking the home mortgage rates before choosing to refinance their home loans. With the low mortgage rates, should you refinance your home mortgages now? There are some important factors that need to be considered before taking the plunge into refinancing. Here are some things you should consider. When should you consider refinancing your mortgage? Refinance usually deals with taking a new mortgage to pay off the original mortgage. The homeowners pay off the old mortgage with ... 12/04/2010