The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Graph showing mortgage rate trends over time with a highlighted target strike rate, accompanied by a calculator and pen, symbolizing refinancing decisions

How to Decide Your Strike Rate for Refinancing: A Guide to Market Improvements and Timing

By Scott Sheldon / November 12, 2024

When it comes to refinancing your mortgage, knowing your strike rate—the interest rate at which refinancing becomes worthwhile—can save you thousands. But how do you decide what your strike rate should be? And how do you determine whether the market is moving toward your goal? In this post, we’ll break down the concept of a…

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