Refinancing interest typically increases when mortgage rates fall to about six point one nine percent because lower rates make new loan terms more attractive. Homeowners who had delayed refinancing during higher rate periods often revisit options to reduce monthly payments or change loan structures. As rates dip, lenders see more refinance applications seeking to capitalize on savings. Timely refinancing depends on comparing current rates with original loans and calculating break-even points to ensure the refinance benefits outweigh costs.