Refinancing Rates 2024. Experts predict rates will keep falling. The mortgage rate roller coaster took a thrilling plunge, declining to its lowest level in nearly 15 months and dipping below 6.5% for the first time in 2024.

Depending on your financial situation, refinancing your student loans might be a practical repayment strategy. Refinancing gives you the opportunity to lower your rate or shorten the lifespan of your mortgage, allowing you to save on interest and repay the loan faster.