Can I refinance later if rates go down?
Yes. Refinancing replaces your current loan with a new one — often to get a lower rate, drop mortgage insurance, or change the term. There are closing costs, so it's worth it when the savings outweigh them.
Yes, and many homeowners do. Refinancing simply swaps your current mortgage for a new one — commonly to capture a lower rate, remove mortgage insurance once you have equity, or shorten your term.
The catch is that refinancing has its own closing costs, so it's worth doing when the monthly savings outpace those costs within a reasonable time. A common saying is 'marry the house, date the rate' — buy the right home now, and refinance later if rates improve. I can connect you with lenders who'll keep an eye out for you.
This answer is general education, not legal, tax, or financial advice. Your situation is unique — let's talk through the specifics together.