Other customers will take bigger hits because their credit scores are lower than 680 and they're borrowing more than 70 percent of the home's value. Many borrowers will be socked with a fee that amounts to $250 for every $100 000 borrowed just because the market has gone so bad. Getting a refinance mortgage loan is a smart move for any homebuyer. This is especially true if the interest rates are low. In the world of finance, interest rates directly affect the way mortgage rates behave. So if the interest rates are low, then mortgage rates will also be low.
