When could homeowners realistically expect to refinance? 4 lending experts weigh in

Today's higher mortgage rates are making it tough for homeowners who want to refinance and save money. FRANCESCO CARTA/Getty Images The mortgage rate landscape has been a rollercoaster for borrowers recently, particularly over the last few months. After sitting in the mid- to upper-6% range for much of 2025, mortgage rates started to improve late in the year, even falling below 5%, albeit briefly, in early 2026. At that point, mortgage rates dropped to the lowest level we'd seen in nearly four years. That mortgage rate progress has all but been erased now, though. With inflation high and now climbing, the Federal Reserve rate cuts borrowers were hoping for this year have not yet materialized. In turn, borrowers are seeing rates solidly in the mid-6% range — about where they've hovered for the larger portion of the last two years. The change has certainly sidelined many potential borrowers who were hoping to buy a home this year, and they have also been a deterrent for existing homeowners who want to refinance their current mortgage loans. Will that high-rate trend continue, though? Or do homeowners have a shot at lowering their rates by refinancing their mortgage loans in the near future? Find out how affordable the right mortgage loan could be today . When could homeowners realistically expect to refinance? 4 lending experts weigh in Hoping to refinance your mortgage loan and lock in a lower rate? Here's what four pros had to say about when the opportunity could arise. …