Mortgage rates are in the cellar so refinancings are popular now. What about us? Should we refinance? We bought our Baltimore townhouse for $168,500 in 2001 with a 30-year mortgage and 6.625% fixed interest rate. Then we refinanced $159,600 in 2003 with a 30-year mortgage and 5.750% fixed rate. The house was appraised at $199,500. […]