What Happens If Interest Rates Decrease And I Have A Fixed Rate Loan?

Like the video shows, if interest rates drop significantly you may want to investigate refinancing.

According to the US Dept of Housing & Urban Development most experts agree that if you plan to be in your house for at least 18 months and you can get a rate 2% less than your current one refinancing is smart.

Refinancing may, however, involve paying many of the same fees paid at the original closing plus loan origination and application fees.