Knowing where mortgage refi rates could be headed can help you make the best decision about your home loan. Midnight Studio/Getty Images

Interest rates have certainly cooled in the last year, thanks to a changing economic environment and multiple Federal Reserve rate cuts, and that relief has trickled down to mortgage rates . The dip in mortgage rates has impacted both mortgage purchase and mortgage refinancing rates, with the latter sitting close to 6.5% currently.

That, in turn, has led many homeowners, and those who bought a home over the last few years, in particular, to consider whether refinancing their current mortgage loan makes sense . And for many, like those who bought when mortgage purchase rates were sitting at recent highs, it does. As a result, mortgage loan re

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